Question 1

Is Unley Park a nice place to live?

Accepted Answer

Unley Park is an inner-southern suburb with a leafy, residential character and well-preserved period homes. Many streets are lined with grand Federation and Victorian houses on generous blocks and established gardens, creating a quiet, village-like streetscape that appeals to families, professionals and downsizers. It sits close to the city while keeping easy access to nearby shopping and café precincts, parks, school options, regular public transport and road links.

About 1,383 people live in Unley Park, with a median age of 47 and a median household income of $2,990 a week. The community leans strongly towards couple families and most homes are owner-occupied. The suburb is also the focus of the City of Unley’s Wood-Weller Bikeway Stage 5 works, which include a shared-use path through Heywood Park, buffered bicycle lanes, intersection realignment and wombat crossings, alongside park activation and smart-precinct upgrades. Whether that mix suits you depends on what you are after in a neighbourhood.

Question 2

Is it expensive to live in Unley Park?

Accepted Answer

Rents in Unley Park sit differently by property type. With a typical house letting at $975 a week and a median total household income of $2,990 a week as recorded at the most recent Census, a house rent would take about 32.6% of a typical local household's weekly income at the last Census, roughly a third and a sizeable share. A unit renting for about $565 a week would take about 18.9% of that weekly income, under a fifth and a modest share. If you're renting rather than buying, those rent shares are the most relevant figures to consider.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Unley Park a good place to invest?

Accepted Answer

Over the past 12 months in Unley Park there’s been a clear divergence between houses and units. Median house values fell 15.1%, a strong decline, and house rents fell 4.9%, a modest drop, so on the house side both capital value and rental income moved downward. Unit rents rose 10.8% over the year, a strong increase, so rental income from units was the stronger performer this year. What that means for you depends on whether you care more about capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-15.1%	N/A
Sold Past 3 months	7	1
Median days on market Past 12 months	95	N/A
Average rent Past 12 months	$975	$565
Change in rent Past 12 months	-4.9%	10.8%

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