Unley, 5061 ranked 392th in SA when comparing growth in median property values or capital gain over the last 12 months. Unley is one of 853 in our list for SA
The five-year average increase in median property values for Unley,5061 has given property investors a potential capital gain of 21.61% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Unley itself are offering an average vendor discount of -8.03% to real estate investors.
Renters in Suburb are facing rents around $6480 per annum or $540 every week.
Property investors who have had real estate in Unley, 5061 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.73%
A 20.07% growth in median value for property investors in Unley,5061 puts this suburb at number 63th in terms of best performing suburbs in SA
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.44% offered to property buyers. Sellers in Unley itself are offering an average vendor discount of -3.51% to real estate investors.
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.