Property value increases in Modbury have tracked just higher than the SA average of 2.82% over the last 12 months.
Across a shorter period, Modbury, 5092 has seen a median price increase of -1.39% over the last quarter.
Our latest figures would indicate that property sellers in Modbury are currently offering property investors an average price cut of -6.54% below the asking price at the moment.
Often selling an investment property can take time, and in Modbury the average time real estate has been on the market is 56.92 days.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.69%, without taking into account capital value appreciation, which has been averaging out at 4.65%.
Property value increases in Modbury have tracked close to the SA average of 3.03% over the last 12 months.
If we look at median property appreciation over just the last three months, Modbury has given property investors a paper return of -1.92%. This puts Suburb as 124 on a list of fastest fasting appreciating suburbs in SA
Modbury, 5092 is offering SA ‘s 121th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.