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Underdale, SA 5032
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,385,000
list-price estimate
Median Unit
$670,000
market range $625K-$750K
Gross Yield (houses)
2.8%
1yr Growth (houses)
+10.3%
market range +5.0% to +12.5%
Investment snapshot for Underdale
Underdale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Underdale market and investor summary
In Underdale, SA 5032, houses show a gross rental yield of 2.8%. House prices have moved +10.3% over the past year and +55.3% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Underdale: people, income and schools
Underdale has a resident population of roughly 2,429, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and families account for 63% of households.
Households here earn a median of about $82,000 a year, or roughly $1,580 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
There are 62 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 4.8 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 56 for walkability and 14 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 2,429
- +5% over 5yr
- Median age
- 38 years
- Median household income
- $82,000/yr
- Households renting
- 36%
- Family households
- 63%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 62
- avg ICSEA 1037
- Unemployment
- 2.1%
- Distance to CBD
- 4.8 km
- Walk score
- 56/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Underdale
View all →Frequently asked questions about Underdale
What should I check before investing in Underdale?
Underdale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +10.3% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Underdale?
The median property price in Underdale, SA 5032 is $670K for units.
What rental yield does Underdale show?
The gross rental yield in Underdale is 2.8% for houses and 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Underdale?
House prices in Underdale are up 10.3% over the past year and up 55.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Underdale?
The current vacancy rate in Underdale is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Underdale?
Underdale has a population of approximately 2,429 residents, with a median age of 38.
What schools are near Underdale?
There are 62 schools within roughly 5km of Underdale. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Underdale's population growing?
The population of Underdale has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Underdale from the CBD?
Underdale is about 4.8 km from the CBD.
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