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Aerial view of Underwood (Tas.), TAS

Aerial view

Imagery © Esri

The quick read on

Underwood

TAS 7268 · Launceston

What homes cost, how rents have moved, and a feel for the people who call it home.

Median house
$862,000

latest suburb median

Population
391

ABS 2021

Postcode
7268

Underwood, Tasmania

Property market insights for Underwood (Tas.)

Median sale price and rental income of properties in Underwood (Tas.) TAS

Median price trend for houses

Based on 5 sales in the preceding 12 months

$862,000

Up 7.8% over 12 months

$1m$500k$020212023202420252026

Market data updated October 2026.

The median house price in Underwood (Tas.), TAS is currently $862,000, based on the latest 12 months of sales. Underwood (Tas.) has a 12-month growth rate of 7.8% for houses.

Crime and safety

Is Underwood safe?

The overall rate for Underwood is 14,564 offences per 100,000 residents — 23% above the Rest of Tas. benchmark.

That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Underwood.

Overall crime rate

14,564

offences per 100,000 residents

23% aboveRest of Tas.

UnderwoodRest of Tas.: 11,845

Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.

The people behind the postcode

Who lives in Underwood?

Underwood TAS 7268 is in Tasmania, within Rest of Tas..

391 people call Underwood home, with an average of 2.6 people per household and a median household income of $1,812 a week.

Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.

Population
391
Median age
48 years
Median mortgage
$1,411 / month
2021 household rent
$275 / week
Above the benchmarkBelow the benchmarkIn lineRest of Tas. benchmark

Age profile

Share of residents in each age band.

Under 1513.3%Below
15–3419.7%Below
35–5430.2%Above
55–7430.4%Above
75 and over6.4%Below

Homes

Share of occupied private dwellings.

Separate houses102.3%Above
Townhouses0.0%Below
Apartments0.0%Below

Ownership

Share of homes with a stated ownership or rental status.

Owned outright49.6%Above
Paying a mortgage44.4%Above
Renting5.9%Below

Cars at home

Vehicles available to occupied households.

No car0.0%Below
One car8.1%Below
Two cars41.2%Above
Three or more52.2%Above

Getting to work

Selected ways residents worked or travelled on Census day.

Worked from home8.6%Above
Drove to work72.9%Above
Train, tram or bus0.0%Below
Walked or cycled0.0%Below

What stands out in Underwood

8.6% of workers in Underwood worked from home on Census day.

4.3% of Underwood residents were born in England.

50.4% of people in Underwood described themselves as having no religion in the 2021 Census.

A closer look at the Census

Questions people ask about Underwood

Open any question for a plain-English reading of the public 2021 Census for Underwood TAS 7268.

Is Underwood family-friendly?Age, family structure and household size describe the community families would be joining.

13.3% of Underwood's residents were children under 15 in the 2021 Census. That is somewhat below the Rest of Tas. average.

119 family households lived in Underwood; 41.2% were couple families and 10.1% were one-parent families.

28.6% of local families included children under 15. That is somewhat below the Rest of Tas. average.

These are suburb-wide household figures, not school or childcare ratings.

What is the age profile of Underwood?The balance between younger adults, families and older residents changes how a suburb feels day to day.

Underwood had 391 residents at the 2021 Census.

18.9% of residents were aged 25 to 44.

36.8% were 55 or older. That is almost exactly typical for Rest of Tas..

Age shares use the suburb’s total Census population.

What kind of homes are in Underwood?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.

Separate houses made up 102.3% of occupied private dwellings in Underwood.

Townhouses and other attached homes represented 0.0% of occupied private dwellings.

Flats and apartments accounted for 0.0% of occupied private dwellings.

All three shares use occupied private dwellings as the denominator.

Do people own or rent in Underwood?Tenure shows how many households own outright, have a mortgage or rent.

49.6% of households with a stated tenure owned their home outright. That is well above the Rest of Tas. average.

44.4% were buying their home with a mortgage.

5.9% rented their home. That is about half the Rest of Tas. rate.

Tenure shares include households that stated one of these three arrangements.

How large are households in Underwood?Household-size data shows the mix behind the suburb-wide average.

The average household in Underwood had 2.6 people.

One-person households made up 13.2% of occupied homes. That is about half the Rest of Tas. rate.

Two-person households represented 47.1%, while 19.9% had four or more usual residents.

Household size counts usual residents in occupied homes.

How do people get to work in Underwood?Census-day travel shows the balance between home, road, public transport and active travel.

8.6% of workers worked from home on Census day. That is close to the Rest of Tas. average.

72.9% drove a car as their only travel method. That is somewhat above the Rest of Tas. average.

0.0% used only a train, tram or bus, while 0.0% walked or cycled.

Travel figures are a 2021 Census-day snapshot.

How many cars do households have in Underwood?Vehicle availability helps describe the routines local households can support.

0.0% of occupied households had no motor vehicle available. That is about half the Rest of Tas. rate.

One-car households formed 8.1% of the total.

93.4% of households had two or more vehicles.

Vehicle counts refer to occupied households, not individual residents.

Who's moving to Underwood, and who stays?Address history shows how settled or recently mobile residents were at the Census date.

75.7% were at the same address five years earlier, while 24.3% reported a different address.

9.0% of residents were born outside Australia. That is somewhat below the Rest of Tas. average.

Mobility figures cover residents who answered the relevant Census question.

What languages are spoken in Underwood?Language at home gives a direct view of the community’s everyday linguistic mix.

92.6% of residents used only English at home.

1.3% used a language other than English at home.

0.0% spoke Mandarin at home, 0.0% spoke Cantonese and 0.0% spoke Hindi.

Home language is separate from English proficiency.

Where were Underwood residents born?Birthplace adds another layer to the local story, separate from ancestry and language.

9.0% of Underwood's population was born outside Australia, while roughly 91.0% was born in Australia.

0.0% of residents were born in China.

0.0% were born in India, while Australian citizenship across the whole suburb stood at 91.0%.

Birthplace, citizenship and ancestry describe different parts of identity.

What ancestries shape Underwood?Ancestry responses show how residents describe family and cultural background.

English ancestry accounted for 42.2% of ancestry responses in Underwood.

Australian ancestry made up 47.8% of responses.

Chinese ancestry represented 0.0% of responses.

People may nominate more than one ancestry, so these are shares of responses.

What work do people do in Underwood?Occupation describes a person’s role; industry describes the sector employing them.

21.4% of employed residents worked in professional occupations. That is somewhat above the Rest of Tas. average.

Managers accounted for 8.1% of employed residents, while clerical and administrative workers made up 11.4%.

Health care and social assistance employed 19.5% of workers, and education and training employed 9.5%.

Occupation and industry figures describe employed residents of the suburb.

How active is the workforce in Underwood?Participation, employment pattern and unemployment describe the resident labour force.

The labour-force participation rate was 63.7%, compared with 55.7% across Rest of Tas..

35.3% of residents aged 15 and over worked full time, while 24.2% worked part time.

Unemployment was 2.3%, compared with 5.6% across Rest of Tas..

Labour-force figures come from the 2021 Census.

What does the health profile of Underwood show?Selected long-term health conditions help describe community service needs.

57.0% reported no selected long-term health condition.

10.2% reported a long-term mental health condition, including depression or anxiety.

9.2% reported asthma, 13.6% arthritis and 5.6% diabetes excluding gestational diabetes.

These are self-reported suburb-wide Census figures, not address-level health risks.

How educated is Underwood?Qualifications describe the study pathways represented among local residents.

19.3% of people in the qualifications table held a bachelor degree. That is almost exactly typical for Rest of Tas..

Postgraduate degrees accounted for 4.7% of qualification responses.

Diploma-level qualifications represented 14.6%, while certificate-level qualifications represented 39.9%.

Qualification categories are reported separately and are not school ratings.

What do incomes and housing costs look like in Underwood?Census income and household payments give historical context for local living costs.

Median household income was $1,812 per week in the 2021 Census.

The median monthly mortgage repayment reported by local households was $1,411.

Occupied renting households reported a median rent of $275 per week.

These household figures are from 2021; current sale and asking-rent medians appear in the market section.

How does Underwood compare with Rest of Tas.?A few clear differences place the suburb in its wider metropolitan context.

Working from home was 8.6% in Underwood, compared with 7.9% across Rest of Tas..

Outright ownership was 49.6% locally and 41.1% across Rest of Tas.. That is well above the Rest of Tas. average.

Renting accounted for 5.9% in Underwood, against 25.6% across Rest of Tas..

Capital-region comparisons use the same Census definitions and year.

Three useful questions

A buyer’s quick guide to Underwood (Tas.)

Is Underwood (Tas.) expensive?

The median house price is $862,000. Bedroom count, land and condition still create a wide range around those suburb medians.

Is Underwood (Tas.) good for families?

The Census counted 119 local families, and 13.3% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.

What can I get for $1.5m in Underwood (Tas.)?

The free data does not have a dependable bedroom breakdown for this suburb. Compare the current house and unit medians above, then use live listings to see what a $1.5m budget buys today.

Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.

Explore the area

Streets and suburbs around Underwood (Tas.)

19 streets in Underwood (Tas.)

Street-by-street reports are not published yet. The streets below are the ones this suburb covers.

  • Barnards Rd
  • Blyths
  • Brown Mountain Rd
  • Camerons Rd
  • Cherry Farm Rd
  • Garcias Rd
  • Glenford Farm Rd
  • Goullees Rd
  • Hollybank Rd
  • Lilydale Rd
  • O'Tooles Rd
  • Pipers River Rd
  • Powers Rd
  • Prossers Rd
  • Russells Plains Rd
  • Ryans Rd
  • Underwood Rd
  • Whites Mill Rd
Show all 19 streets
  • Wulfs Rd

Keep exploring

Is Underwood (Tas.) right for your search?

Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.

Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.