Over the last year, property investments in Unley, 5061 have given investors a capital gain of 7.41%. This compares favourably with the 1.50% for SA as a whole.
The five-year average increase in median property values for Unley,5061 has given property investors a potential capital gain of 15.75% across each of those five years.
At number 352 in a list of fastest selling suburbs, Unley is in the TOP 10% of suburbs in Australia with an average of days on market 40.72 for properties listed there.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
Investment property in Unley has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.32%
The five-year average increase in median property values for Unley,5061 has given property investors a potential capital gain of -2.50% across each of those five years.
Our latest figures would indicate that property sellers in Unley are currently offering property investors an average price cut of -4.96% below the asking price at the moment.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Renters in Suburb are facing rents around $17680 per annum or $340 every week.
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.