Underdale has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.81% to date .
Underdale,5032 has offered an average of -2.81% return per annum in house price rises to property investors over the last three years.
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.
If you compare the increase in value of investment property in Underdale, 5032 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 5.24%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Underdale has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Underdale are currently offering property investors an average price cut of -6.81% below the asking price at the moment.
At number 1361 in a list of fastest selling suburbs, Underdale is in the bottom 10% of suburbs in Australia with an average of days on market 126.61 for properties listed there.
With the median price for a house in Underdale being $301000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.01%