Undervalued prices in ADL

Just been to this auction http://www.realestate.com.au/property-house-sa-marden-119209835

Final auctioned price was $565k. I think it's cheap.... Should be 590k plus. It seems as if currently only the high end and low end properties are doing well in Adelaide. Those at the mid high range are so difficult to move up.

Only two asian ladies bid. The others were all neighbors. I think without without migrants, Adl house price will be so depressing.
 
Are the properties undervalued or are you overvaluing particular properties/areas?
Median house price for Marden is 558k for a 3x1, sounds like the auction went as it should.
 
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