At number 2389th in the list of Australian suburbs ordered by increase in median house value over the last year, Modbury, 5092 is in the BOTTOM 50% with a property value increase of 3.14% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Modbury,5092 has racked up an average of 3.14% over the period. This ranks it number 2915th in the whole country for real estate investors looking at median house price increases.
Modbury, 5092 is offering SA ‘s 344th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
Often selling an investment property can take time, and in Modbury the average time real estate has been on the market is 51.64 days.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 4.83%, investors should hope to achieve an overall return of 4.68%
Modbury is in the bottom 40% in SA when comparing median price capital growth over the last year. Modbury gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.99%.
While Modbury,5092 ranked number 122th in SA for increase in median house value (annualised) increase, it is ranked 135th over the last 5 years.
Vendor discounting in Modbury is giving property investors an average Vendor Discount of around -5.28%. This puts suburb at number 114th in SA when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Property investors should expect to get $280 weekly from the median priced house in this suburb.