Underdale

POSTAL CODE: SA, 5032
HOUSE
UNIT

Property investors have seen a 0% gain in UNDERDALE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains UNDERDALE, 5032 saw average growth in the long term.

The SA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,115,000

Profits averaged 10.67% per annum over a 3-year period, due to an upward trend in home prices in UNDERDALE, 5032.

This means, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

The gross rental yield in UNDERDALE, 5032 is 2.8%.

An average of 2.17 real estate transactions take place per month in UNDERDALE which translates to 26 per annum.

Surburb overview

Underdale, located in the 5032 postcode, is an inner western suburb of Adelaide, South Australia. It is situated approximately six kilometres from Adelaide's central business district, making it a convenient location for those commuting to the city. The suburb offers easy access to major roads like Henley Beach Road, which connects to the CBD and Adelaide Airport.

The population of Underdale is diverse, with a mixture of families, young professionals, and older residents. According to the latest census data, the suburb has a population of around 2,700 people. English is the predominant language spoken, though the area also has a multicultural demographic, with a variety of cultural backgrounds represented.

Public transportation is well-serviced, with regular buses running along Henley Beach Road, providing quick access to the city and nearby suburbs. The proximity to Adelaide Airport also adds convenience for frequent travellers.

Nearby essential establishments include the Underdale High School and the Nazareth Catholic College, providing education options within the suburb. Additionally, there are several parks and recreational areas nearby, such as Linear Park, which runs along the River Torrens, offering walking and cycling tracks for residents who enjoy outdoor activities.

Underdale is close to major shopping centres, including the Findon and Fulham Gardens shopping centres, which offer a range of retail and dining options. The suburb's convenient location, coupled with its proximity to both the city and coastal areas, makes it an attractive option for a variety of residents.

You’re out of free articles for this month
Loading form...