Suburb Profile Report for Unley SA (5061)

Unley House: Median price $920,000, Annual capital growth 3.24%, Number of sales 49, Weekly median advertised rent $530

Unley Unit: Median price $501,000, Annual capital growth 4.80%, Number of sales 38, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Unley has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.66% to date .

If we look at median property appreciation over just the last three months, Unley has given property investors a paper return of -1.18%. This puts Suburb as 334 on a list of fastest fasting appreciating suburbs in SA

The most recent median price for Unley is $920000, with sellers offering an average of -5.13% off the asking price.

In the last year 49 properties changed hands in Unley, which puts it as the 197th most active market in SA when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $6360 per annum or $530 every week.

Property investors who have had real estate in Unley, 5061 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.39%

Unley,5061 has offered an average of -4.39% return per annum in house price rises to property investors over the last three years.

Unley, 5061 is offering SA ‘s 157th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.

On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.80%, investors should hope to achieve an overall return of 3.63%

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Located just 3 km from Adelaide CBD, Unley also offers good renovation opportunities, says property academic Peter Koulizos.Full summary

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.

Close
Metrics i HOUSE UNIT
$920,000 $501,000
-1.18% -0.40%
-1.66% -4.39%
3.24% 4.80%
$530 $350
49 38
3.00% 3.63%
43.83 82.88

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Unley SA
Demographics
Total population 3889
Median household income ($/weekly) 1380
Median age of persons 38
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 390 10.0
    25-34 years 638 16.4
    35-44 years 633 16.3
    45-54 years 534 13.7
    55-64 years 460 11.8
    Others 1234 31.7
    Age Group
    Census Count Percent(%)
    Not Married 1395 46.5
    Registered Married 1257 41.9
    Defacto Relationship 351 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2695 73.0
    Croatia 120 3.2
    Hong Kong 107 2.9
    United Kingdom 213 5.8
    Other 139 3.8
    Others 419 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 2.0
    Christianity 2098 60.0
    Hinduism 35 1.0
    Islam 28 0.8
    No Religion 1250 35.7
    Others 17 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 135 9.0
    $1,000-$1,249 122 8.1
    $1,500-$1,999 175 11.6
    $2,500-$2,999 182 12.1
    $3,000-$3,499 122 8.1
    Others 767 51.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1320 42.3
    Not in the labour force 916 29.4
    Employed, worked part-time 655 21.0
    Unemployed, looking for work 121 3.9
    Employed, away from work 108 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 303 14.5
    Professionals 799 38.3
    Community & personal service workers 168 8.1
    Clerical & administrative workers 296 14.2
    Sales 194 9.3
    Others 324 15.5
    Occupation
    Census Count Percent(%)
    Pre-school 64 6.6
    Infants/Primary 294 30.5
    Secondary 160 16.6
    Technical or Further Educational Institution 61 6.3
    University or other Tertiary Institutions 363 37.6
    Others 23 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2337 63.9
    Semi-detached, row or terrace house, townhouse 720 19.7
    Flat, unit or apartment 603 16.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 617 38.0
    Fully owned 532 32.7
    Being purchased 464 28.6
    Other tenure type 12 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals