With a capital gain of -6.46% for the last 12 months, Unley, 5061 has performed for property investments than its average annual 6.42% property growth over the last 5 years.
Unley,5061 has offered an average of -6.46% return per annum in house price rises to property investors over the last three years.
Unley, 5061 is offering SA ‘s 172th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
Residents and property investors in Unley have been waiting around 64.75 days to sell a property.
Unley is 365th on a list of best yielding suburbs for rents in SA with a 3.16% return
Over the last year, property investments in Unley, 5061 have given investors a capital gain of 16.28%. This compares very favourably with the 4.30% for SA as a whole.
Unley,5061 has offered an average of 16.28% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Unley, 5061. Typically our figures indicate that -3.38% is being offered, which puts this SA suburb at 1234th most discounted overall in Australia.
With the median price for a house in Unley being $525000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 3.27%
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.