Suburb Profile Report for Unley SA (5061)

Unley House: Median price $1,117,500, Annual capital growth 3.55%, Number of sales 49, Weekly median advertised rent $578

Unley Unit: Median price $550,000, Annual capital growth 3.85%, Number of sales 41, Weekly median advertised rent $400

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Unley is an average performer in SA when comparing median price capital growth over the last year. Unley gave property investors a good capital gain figure when compared to the rest of the state, with 12.88%.

Taking the average capital gain, or increase in median house value, Unley,5061 has racked up an average of 12.88% over the period. This ranks it number 1925th in the whole country for real estate investors looking at median house price increases.

A $577.5 per week rent on the median house gives suburb investors a gross yield of circa 2.69%, without taking into account capital value appreciation, which has been averaging out at 3.55%.

With a capital gain of 17.40% for the last 12 months, Unley, 5061 has performed for property investments than its average annual 3.85% property growth over the last 5 years.

The five-year average increase in median property values for Unley,5061 has given property investors a potential capital gain of 13.40% across each of those five years.

Unley, 5061 is offering SA ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

Advertised rents are around the $400 mark per week – giving a return of 3.78% based on the median price in Suburb

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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.

Metrics i HOUSE UNIT
$1,117,500 $550,000
8.36% -2.65%
12.88% 17.40%
3.55% 3.85%
$578 $400
49 41
2.69% 3.78%
71.1052631578948 89.2608695652174

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
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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