Unley is an average performer in SA when comparing median price capital growth over the last year. Unley gave property investors a average capital gain figure when compared to the rest of the state, with 3.94%.
While Unley,5061 ranked number 378th in SA for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
At number 172th of SA’s most discounted properties, Unley is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 48 properties changed hands in Unley, which puts it as the 203th most active market in SA when comparing the number of sales per suburb.
With a capital gain of 20.78% for the last 12 months, Unley, 5061 has performed for property investments than its average annual 6.28% property growth over the last 5 years.
Unley,5061 has offered an average of 20.78% return per annum in house price rises to property investors over the last three years.
The most recent median price for Unley is $529000, with sellers offering an average of -3.90% off the asking price.
Located just 3 km from Adelaide CBD, Unley also offers good renovation opportunities, says property academic Peter Koulizos.Full summary
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Located just 3 km from Adelaide CBD, Unley also offers good renovation opportunities, says property academic Peter Koulizos.
“There are a lot of character homes that you can transform to get a tidy profit,” he says.
For maximum profit, Koulizos says small to medium sized homes are the best due to the suburb’s high median.
“If you buy a larger home in Unley, it’s going to cost you a million dollars. The sort of renovations you want to do to a million dollar home have to be substantial, and the people who want to do that want to do it to their own taste. So you want to stick with smaller homes around the $400-500,000 mark," says Koulizos.
He suggests that the most profitable renovations in Unley are to modernise the kitchen and bathroom, and upgrade the flooring.
“People like older homes but modern day conveniences. They like modern kitchens and bathrooms so it’s ok to have modern décor inside and the period style décor style outside,” he says.