SA has seen average median house prices change by 3.35% which means that Modbury, 5092 has done well for property investors by showing a capital gain of 9.43% over the last year
If we look at median property appreciation over just the last three months, Modbury has given property investors a paper return of -0.68%. This puts Suburb as 299 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Modbury should be aiming for at least -5.44% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 4.88%, investors should hope to achieve an overall return of 4.66%
Property value increases in Modbury have tracked close to the SA average of 4.28% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Modbury has fallen somewhat when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.35% to buyers in Modbury at the moment, which is less than average for the rest of SA.