Unley (postcode 5061) is a smaller residential area in South Australia within the Unley local government area. The area has roughly 3,997 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $106K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Scottish.
The median house price in Unley is $1.7 million, having fallen sharply by 20.4% over the past year. Units have a median price of $738,000 (+7% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,167.
Unley is served by 2 schools, including 2 primary. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Unley LGA is moderate at 7,030 incidents per 100,000 population.
On the investment side, Unley shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 15.8x is considered stretched. House prices have moved -20.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.