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.