Suburb spotlight on: Unley

Where the median house price edges closer to $1 million.

An affluent suburb of Adelaide, Unley’s median house price has steadily increased over the years to where it is today at $965,000 - not bad for a suburb that spans around one square kilometre.

Let’s look at the top market share positions today. Harris real estate holds the highest market share at 9 per cent, followed closely by LJ Hooker at 8 per cent. Belle Property isn’t far behind with 7 per cent market share and Toop & Toop sits at 5 per cent.

Of the 87 properties sold over the past 12 months, around one third achieved a sale price over $1 million. A popular suburb for families, 60 per cent of Unley’s residents are owner occupiers. However, the investment market is still strong with an affordable median unit price of under $500,000 and PriceFinder data showing 40 per cent of locals are renters

The opportunity to open a business in the heart of Unley is with Ray White. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.

Contact:
Andrew McCulloch | +614 7903 9440