SA has seen average median house prices change by 2.92% which means that Modbury, 5092 has done well for property investors by showing a capital gain of 5.88% over the last year
Modbury,5092 was ranked 2600 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Modbury are currently offering property investors an average price cut of -5.12% below the asking price at the moment.
At number 685 in a list of fastest selling suburbs, Modbury is in the TOP 20% of suburbs in Australia with an average of days on market 54.84 for properties listed there.
Advertised rents are around the $325 mark per week – giving a return of 4.69% based on the median price in Suburb
If you compare the increase in value of investment property in Modbury, 5092 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -1.48%.
The five-year average increase in median property values for Modbury,5092 has given property investors a potential capital gain of -7.41% across each of those five years.
Modbury5092 is located in SA which offers an average discount of -6.26% to property investors. Modbury itself is showing figures that indicate -5.28% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Modbury being $250000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.82%