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Unley suburb profile

Unley is a charming and affluent suburb located just 4km south of Adelaide's CBD, known for its tree-lined streets and vibrant community atmosphere. This suburb offers a blend of historic character homes and modern developments, making it a desirable location for families and professionals. Unley Road is a bustling hub with a variety of boutique shops, cafes, and restaurants, providing residents with a lively shopping and dining experience. The suburb is well-served by public transport and boasts excellent schools and parks, contributing to its appeal as a convenient and attractive place to live.

Unley property market performance

Current median dwelling price$1,340,500Past 3 months

Property growth-1.1%Past 12 months

Unley’s property market has shown significant growth in house values over the past 12 months, with a 14.4% increase, bringing the median house price to approximately $1.71 million. However, the unit market has remained stagnant, with no change in median unit values. Over the last three months, 14 houses and 5 units have been sold, indicating a more active house market.

Houses in Unley are taking longer to sell, with a median of 61 days on the market, compared to 49 days for units, suggesting a quicker turnover in the unit market despite the lack of price growth. The rental market has seen minimal changes, with house rents increasing by just 0.3%, while unit rents have risen by 5.8%, reflecting a stronger demand for rental units.

HousesUnits
Median price
Past 3 months
$1.71MN/A
Change in value
Past 12 months
14.4%-16.7%
Sold
Past 3 months
145
Median days on market
Past 12 months
6149
Average rent
Past 12 months
$700$550
Change in rent
Past 12 months
0.3%5.8%

5 year median price trend for houses and units

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Unley demographics

Unley, a charming suburb located just south of Adelaide's city centre, is renowned for its leafy streets, heritage homes, and vibrant community atmosphere. With a population of 3,997, Unley offers a blend of urban convenience and suburban tranquility, making it an attractive choice for families, professionals, and retirees alike. The median age of 41 suggests a mature community, with many residents enjoying the suburb's proximity to the city while relishing a quieter lifestyle.

The suburb's housing landscape is diverse, with a significant portion of properties owned outright (35.7%), reflecting a stable and established community. Additionally, 27.8% of homes are owned with a mortgage, indicating a mix of long-term residents and newer homeowners. The rental market, comprising 36.5% of properties, caters to those seeking flexibility, including young professionals and families.

Family life in Unley is well-supported, with couple families with children making up 40.8% of the community, while couple families without children account for 43.9%. This balance highlights Unley's appeal to both growing families and those enjoying a quieter phase of life. The suburb's amenities, including parks, cafes, and boutique shopping, contribute to its reputation as a desirable place to live, offering a harmonious blend of lifestyle and convenience.

Unley infrastructure, key developments and investment opportunities

Unley continues to benefit from its position within the broader Unley Road and King William Road dining and retail precincts, where ongoing shopfront upgrades and small-scale mixed-use redevelopments are improving street appeal and walkability for residents.[5] Local council strategies emphasise maintaining a village-style main street character while encouraging higher-density residential and commercial uses around key transport corridors, which is likely to support medium- to long-term demand for townhouses and apartments.[7]

Council planning also focuses on enhancing open spaces, cycling links and pedestrian connections into the nearby parklands and Adelaide CBD, reinforcing Unley’s appeal for professionals and downsizers seeking an inner-urban lifestyle.[4][7] There are currently no major new transport or school projects specific to Unley beyond incremental upgrades, so property performance is expected to remain driven primarily by its established amenity, proximity to the city and gradual infill development rather than large-scale infrastructure change.[5][7]

Unley rental market trends

The rental market in Unley has shown modest growth, with house rents experiencing a slight increase of 0.3% over the past year to $700 per week, while unit rents have risen 5.8% to $550 per week. This steady demand highlights Unley's appeal as a desirable suburb for both renters and investors seeking stability and convenience in a well-established area.

Suburbs near Unley

Some popular suburbs near Unley include:

How does Unley compare to nearby suburbs?

  • Median house prices: Unley’s median house price is 7.1% higher than Parkside’s.
  • Median unit prices: Unley’s median unit price is 98.5% higher than Parkside’s.
  • House price growth: Over the past 12 months, house prices in Unley have grown 8.2% higher than in Hyde Park.
  • Unit price growth: Property prices in nearby Hyde Park have risen 11.1% more than in Unley over the past year.
  • Selling speed for houses: Properties in Unley are selling 4.7% faster than in Hyde Park.
  • Selling speed for units: Properties in Unley are selling 29.0% faster than in Parkside.
  • Investment considerations: In Unley, the rental yield for house is 11.1% higher than the Adelaide average, while the rental yield for units is 12.0% higher.
  • House price growth: Over the past 12 months, house prices in Unley have grown 75.0% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Unley have grown 3.2% higher than the average rate of growth for units across Adelaide.

Common questions about Unley

  • Is Unley a nice place to live?

    Unley is a delightful suburb that offers a unique blend of urban convenience and suburban tranquility, making it a fantastic place to live. Known for its leafy streets and vibrant community, Unley provides a welcoming atmosphere that appeals to families, professionals, and retirees alike. The suburb's proximity to Adelaide's CBD ensures that residents have easy access to the city's amenities while enjoying a peaceful lifestyle. The area is well-served by public transport, making commuting a breeze, and the presence of excellent schools adds to its appeal for families.

    The vibrant vibe of Unley is enhanced by its bustling shopping and dining precincts, where boutique shops, cafes, and restaurants offer a lively experience for residents. The suburb's cultural charm is complemented by its historic character homes and modern developments, providing a diverse housing landscape that caters to various preferences. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and pleasant place to live.

    For families, Unley offers a supportive environment with plenty of parks and green spaces for outdoor activities. The suburb's community-oriented atmosphere fosters a sense of belonging, making it an ideal place for raising children. However, living in Unley does come with trade-offs, such as higher property prices due to its desirability and proximity to the city. Additionally, while the suburb offers a quieter lifestyle, those seeking a more vibrant nightlife might need to venture into the city for entertainment options.

    Overall, Unley is a charming suburb that balances lifestyle and convenience, making it a highly desirable place to call home. Whether you're a family looking for a supportive community, a professional seeking proximity to the city, or a retiree wanting a peaceful environment, Unley offers something for everyone.

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  • Is it expensive to live in Unley?

    Living in Unley, an inner suburb of Adelaide, can be quite costly, especially when it comes to housing. The current median house price is a hefty $1,713,500, which is significantly higher than many other areas in Adelaide. Renting doesn't come cheap either, with the average rent for houses sitting at $700 per week, while units average around $550 per week. These figures suggest that housing in Unley is on the expensive side.

    When comparing the median total household income in Unley, which is $2,037 per week, to the average full-time wage in Adelaide of around $85,000 per year, it's clear that a substantial portion of income would need to be allocated to housing costs. This makes living in Unley less affordable for those earning the average wage in the area. While Unley offers a desirable lifestyle with its proximity to the city and charming character, the high cost of living, particularly in terms of housing, requires careful financial consideration for those thinking of making it their home.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Unley a good place to invest?

    Unley presents a promising investment opportunity, particularly for those interested in the housing market. Over the past 12 months, the suburb has experienced a significant 14.4% increase in median house values, indicating strong capital growth potential. This upward trend suggests that Unley is becoming increasingly desirable, likely due to its appealing location and lifestyle offerings. While the median unit values have remained stable, the rental market for units has seen a notable 5.8% increase, highlighting a growing demand for rental properties in the area.

    For investors seeking steady rental income, Unley's unit market offers a compelling option. The increase in rental prices for units suggests a healthy demand from renters, which can provide a reliable income stream. Although house rents have only seen a slight increase of 0.3%, the substantial rise in house values indicates strong buyer interest, which could lead to further capital appreciation in the future. Overall, Unley offers a balanced mix of growth potential and rental demand, making it an attractive choice for property investors looking to capitalize on both capital gains and rental returns.

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Choose the right real estate agents in Unley

Choosing the right real estate agent in Unley can have a big impact on your sale. While there are 42 real estate agents working in the suburb, but just 5 of them were responsible for 37.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.13% to 2.5%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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