Suburb Profile Report for Underdale SA (5032)

Underdale House: Median price $565,000, Annual capital growth 7.42%, Number of sales 28, Weekly median advertised rent $410

Underdale Unit: Median price $301,000, Annual capital growth 4.06%, Number of sales 17, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Underdale, 5032 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -0.70%.

A 21.51% growth in median value for property investors in Underdale,5032 puts this suburb at number 82th in terms of best performing suburbs in SA

Property buyers and investors in Underdale 5032 should be seeing an average reduction in asking price of around -5.99% . This means that Underdale is holding prices well when compared to other suburbs in SA.

At number 2683 in a list of fastest selling suburbs, Underdale is in the bottom 30% of suburbs in Australia with an average of days on market 101.81 for properties listed there.

With the median price for a house in Underdale being $565000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.77%

At number 669th in the list of Australian suburbs ordered by increase in median house value over the last year, Underdale, 5032 is in the top 40% with a property value increase of 5.51% recorded in median house prices.

Over the longer term, Underdale has seen property prices show investors a -3.22% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Underdale should be aiming for at least -6.96% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1357 in a list of fastest selling suburbs, Underdale is in the bottom 10% of suburbs in Australia with an average of days on market 123.64 for properties listed there.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$565,000 $301,000
4.24% N/A
-0.70% 5.51%
7.42% 4.06%
$410 $290
28 17
3.77% 5.01%
101.81 123.64

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2252
Median household income ($/weekly) 1073
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 216 9.6
    20-24 years 216 9.6
    25-34 years 410 18.2
    35-44 years 326 14.5
    45-54 years 310 13.8
    Others 774 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 826 46.2
    Not Married 816 45.7
    Defacto Relationship 145 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1457 67.5
    Indonesia 112 5.2
    Japan 101 4.7
    United Kingdom 84 3.9
    Other 93 4.3
    Others 310 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 3.5
    Christianity 1337 63.8
    Hinduism 75 3.6
    Islam 67 3.2
    No Religion 481 23.0
    Others 61 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 75 8.9
    $400-$599 99 11.8
    $600-$799 84 10.0
    $1,500-$1,999 100 11.9
    $2,000-$2,499 87 10.3
    Others 396 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 684 37.5
    Not in the labour force 620 34.0
    Employed, worked part-time 394 21.6
    Unemployed, looking for work 66 3.6
    Employed, away from work 59 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 145 12.7
    Professionals 240 21.1
    Technicians & trades workers 162 14.2
    Community & personal service workers 120 10.5
    Clerical & administrative workers 197 17.3
    Others 274 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.1
    Infants/Primary 158 29.0
    Secondary 121 22.2
    Technical or Further Educational Institution 70 12.8
    University or other Tertiary Institutions 142 26.1
    Others 21 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1550 71.6
    Flat, unit or apartment 505 23.3
    Semi-detached, row or terrace house, townhouse 110 5.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 359 39.4
    Being purchased 275 30.2
    Fully owned 265 29.1
    Other tenure type 12 1.3
    Tenure Type
Census 2011, ABS
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