Unley Park is a close-knit residential community in South Australia within the Unley local government area (postcode 5061). It is home to about 1,383 residents, with a mature demographic and a median age of 47. Households earn a median income of $155K per year, with an average household size of 2.5 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.
Median house prices in Unley Park stand at $3.0 million, having risen by 3% over the last twelve months. The current median weekly rent is $1085. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,600.
Public transport access includes 11 bus stops. The crime rate in the Unley LGA is below average at 3,543 incidents per 100,000 population.
On the investment side, Unley Park shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are above the state median ($3.0M/$950K), placing it in the premium segment. The price-to-income ratio of 19.5x is considered stretched. House prices have moved +3.0% 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.