Suburb Profile Report for Modbury SA (5092)

Modbury House: Median price $432,500, Annual capital growth 2.59%, Number of sales 95, Weekly median advertised rent $380

Modbury Unit: Median price $378,500, Annual capital growth 5.23%, Number of sales 29, Weekly median advertised rent $315

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Modbury, 5092 have given investors a capital gain of 5.49%. This compares badly with the 10.08% for SA as a whole.

If we look at median property appreciation over just the last three months, Modbury has given property investors a paper return of 2.98%. This puts Suburb as 243 on a list of fastest fasting appreciating suburbs in SA

Property investors looking for a bargain in Modbury should be aiming for at least -6.05% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.

Modbury is 127th on a list of best yielding suburbs for rents in SA with a 4.57% return

At number 8th in the list of Australian suburbs ordered by increase in median house value over the last year, Modbury, 5092 is in the top 10% with a property value increase of 45.86% recorded in median house prices.

Over the longer term, Modbury has seen property prices show investors a 31.54% return over the last 3 years. This is an improvement over the last 12 months

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Information supplied by:


April 2019

M
O

W
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Values fall but yields are high

Postcode: 5092      

Median unit price: $259,000

Three-year growth: 2.6%

Rental yield: 5.6%

Located within Tea Tree Gully City, the suburb of Modbury is the home of the Westfield Tea Tree Plaza, the second-largest shopping centre in Adelaide and one of the main shopping hubs in Adelaide’s northeast region. It’s highly accessible as the O-Bahn Busway’s route terminates here.

The Tea Tree Gully campus of TAFE, Modbury High School and Modbury West are established in Modbury, although there are several schools in neighbouring pockets as well. Modbury also supports local sports team in Australian Rules football, soccer, tennis and bowling. Modbury’s Civic Park is a favourite recreation spot especially in warmer weather.

After a gentle boost in unit values in February 2016, the market is down in Modbury. Prices fell by 8.8% in the 12 months to February 2019 to just over $250,000. Yields remain reasonably strong at an average of 5.6%.

Metrics i HOUSE UNIT
$432,500 $378,500
2.98% 9.71%
5.49% 45.86%
2.59% 5.23%
$380 $315
95 29
4.57% 4.33%
65.4642857142857 58.75

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : 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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