Underdale (postcode 5032) is a smaller residential area in South Australia within the West Torrens local government area. It is home to about 2,429 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $82K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Italian.
Median house prices in Underdale stand at $1.6 million, having climbed sharply by 41% over the last twelve months. The current median weekly rent is $599. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,786.
Underdale is served by 1 school, including 1 secondary. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the West Torrens LGA is moderate at 6,999 incidents per 100,000 population.
On the investment side, Underdale shows a gross rental yield of approximately 2.0%, rated as low yield. Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 18.9x is considered stretched. House prices have moved +41.0% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.