Investment property in Underdale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.40%
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.
With the median price for a house in Underdale being $600000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.47%
Property investors who have had real estate in Underdale, 5032 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 27.91%
A 50.98% growth in median value for property investors in Underdale,5032 puts this suburb at number 8th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Underdale are currently offering property investors an average price cut of -6.05% below the asking price at the moment.
Situated 3.55km from the CBD, Underdale is one of West Torrens localities in the postcode 5032.