Question 1

Is Underdale a nice place to live?

Accepted Answer

Underdale is an inner-west Adelaide suburb with a quietly residential character on mostly flat, tree-lined streets, a short drive from the city and the coast. Housing is dominated by single-storey mid-century brick and weatherboard homes alongside pockets of modern townhouses and infill, so you’ll find both established family blocks and lower-maintenance newer properties. Local parks and sporting grounds, small shopping strips and regular bus links make day-to-day life practical for commuters, families and downsizers who want a calm suburban feel within easy reach of urban amenities.

The suburb is home to 2,429 people with a median age of 38, and homes are more often owner-occupied than rented (62.0% owner-occupied). Underdale sits within the City of West Torrens' Henley Beach Road Visioning Project, a long-term main-street renewal, and Underdale High School has had a major refurbishment with upgraded STEM, creative arts and gym facilities. The River Torrens Linear Park at Sherriff Street provides a shared path and playground. Whether that suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Underdale?

Accepted Answer

On these figures, buying a house in Underdale sits well above what local households earned at the last Census. A median house price of $960,000 is about 11.7 times a typical local annual household income at the last Census (weekly household income $1,578), which is a high multiple against local incomes.

Renting is less stretched than buying but still takes a sizeable share of local income at the last Census: a house rent of $620 a week is about 39.3% of a typical local household's weekly income, and a unit rent of $510 a week is about 32.3%. If you plan to rent rather than buy, those rent shares are the most relevant figures to consider; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Underdale a good place to invest?

Accepted Answer

The past year paints a mixed picture for Underdale. Median house values fell 16.6% over the 12 months, a large decline, while house rents dropped 4.6%, a modest fall. At the same time, unit rents rose 10.9% over the year, a strong increase.

Put simply, the value numbers point to negative capital growth for houses over the past year, while unit rental income was the stronger performer. Which of those movements matters to you depends on whether your focus is on capital growth or rental income and on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$960K	N/A
Change in value Past 12 months	-16.6%	N/A
Sold Past 3 months	13	2
Median days on market Past 12 months	52	N/A
Average rent Past 12 months	$620	$510
Change in rent Past 12 months	-4.6%	10.9%

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