Suburb Profile Report for Underdale SA (5032)

Underdale House: Median price $570,000, Annual capital growth 5.76%, Number of sales 30, Weekly median advertised rent $420

Underdale Unit: Median price $325,000, Annual capital growth 4.73%, Number of sales 18, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.09% for the last 12 months, Underdale, 5032 has performed for property investments than its average annual 5.76% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Underdale has increased when compared to the 5 year average annual rate.

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.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 5.76%.

If you compare the increase in value of investment property in Underdale, 5032 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 13.24%.

Over the longer term, Underdale has seen property prices show investors a -1.52% return over the last 3 years. This is an improvement over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Underdale, 5032. Typically our figures indicate that -5.47% is being offered, which puts this SA suburb at 618th most discounted overall in Australia.

Situated 4.17km from the CBD, Underdale is one of West Torrens localities in the postcode 5032.

Metrics i HOUSE UNIT
$570,000 $325,000
2.98% 7.97%
0.09% 13.24%
5.76% 4.73%
$420 $290
30 18
3.83% 4.64%
96.4 78.93

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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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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