Property investors who have had real estate in Underdale, 5032 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.81%
Across a shorter period, Underdale, 5032 has seen a median price increase of 2.98% over the last quarter.
The most recent median price for Underdale is $553500, with sellers offering an average of -5.99% off the asking price.
In the last year 30 properties changed hands in Underdale, which puts it as the 301th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.
Investment property in Underdale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.88%
When looking at the potential capital gains offered to property investors over the last 3 years, Underdale comes in at number 152th in SA.
Property investors looking for a bargain in Underdale should be aiming for at least -6.73% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $290 mark per week – giving a return of 5.01% based on the median price in Suburb