Aldgate vs Underdale
Property investment comparison - Aldgate, SA 5154 vs Underdale, SA 5032
Head-to-head across core investment metrics: Aldgate wins 2, Underdale wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Aldgate | Underdale |
|---|---|---|
| Median house price | $1.6M | - |
| Median unit price | $535K | $670K |
| Gross rental yield (houses) | 2.46% | 2.84% |
| Gross rental yield (units) | 6.39% | 4.18% |
| 1-year house growth | +6.8%estimate | +10.3% |
| 3-year house growth | - | +55.3% |
| Vacancy rate | 1.2% | 0.8% |
| Population | 3,471 | 2,429 |
Aldgate vs Underdale: what the numbers say
For units, Aldgate sits at a median of $535K against $670K in Underdale, which makes Aldgate the more affordable unit market and Underdale the pricier one.
On cash flow, Underdale leads: houses there return a gross rental yield of 2.84%, compared with 2.46% in Aldgate, a gap of 0.38 percentage points.
Over the past year house prices moved +6.8% in Aldgate (an estimate) and +10.3% in Underdale, so recent momentum favours Underdale, although both suburbs recorded growth.
Rental vacancy is 0.8% in Underdale and 1.2% in Aldgate, so landlords in Underdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Aldgate is the bigger suburb, with a population of 3,471 against 2,429, larger than Underdale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Underdale for rental income, Underdale for recent price momentum, Underdale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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