Suburb Profile Report for Modbury SA (5092)

Modbury House: Median price $355,000, Annual capital growth 4.65%, Number of sales 89, Weekly median advertised rent $320

Modbury Unit: Median price $255,000, Annual capital growth 3.80%, Number of sales 24, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$355,000 $255,000
-1.39% -1.92%
5.65% 2.51%
4.65% 3.80%
$320 $280
89 24
4.69% 5.71%
56.92 91.44

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 4924
Median household income ($/weekly) 923
Median age of persons 38
Median housing loan repayment ($/monthly) 1500
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 484 9.8
    25-34 years 800 16.2
    35-44 years 624 12.7
    45-54 years 555 11.3
    55-64 years 569 11.6
    Others 1892 38.4
    Age Group
    Census Count Percent(%)
    Registered Married 1713 46.0
    Not Married 1684 45.2
    Defacto Relationship 329 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3142 66.1
    Croatia 167 3.5
    Indonesia 139 2.9
    United Kingdom 471 9.9
    Other 288 6.1
    Others 544 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 110 2.5
    Christianity 2721 60.7
    Hinduism 99 2.2
    Islam 194 4.3
    No Religion 1311 29.2
    Others 49 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 192 10.3
    $400-$599 271 14.5
    $600-$799 234 12.5
    $800-$999 214 11.4
    $1,500-$1,999 236 12.6
    Others 726 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1655 41.0
    Employed, worked full-time 1350 33.5
    Employed, worked part-time 709 17.6
    Unemployed, looking for work 185 4.6
    Employed, away from work 133 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 390 17.8
    Technicians & trades workers 359 16.4
    Community & personal service workers 279 12.7
    Clerical & administrative workers 330 15.0
    Labourers 262 11.9
    Others 573 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 62 5.6
    Infants/Primary 319 28.8
    Secondary 230 20.8
    Technical or Further Educational Institution 152 13.7
    University or other Tertiary Institutions 286 25.8
    Others 58 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3770 82.7
    Semi-detached, row or terrace house, townhouse 684 15.0
    Flat, unit or apartment 106 2.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 679 34.5
    Being purchased 667 33.9
    Rented 555 28.2
    Other tenure type 66 3.4
    Tenure Type
Census 2011, ABS
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