Investment property in Modbury has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.22%
Over the longer term, Modbury has seen property prices show investors a 18.34% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Modbury itself are offering an average vendor discount of -5.84% to real estate investors.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
If you compare the increase in value of investment property in Modbury, 5092 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 10.49%.
Comparing Modbury,5092 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Modbury is offering property investors an average of -6.10. This rate of discount on properties puts Suburb at number 74th in terms of most discounted suburbs in SA
At number 1183 in a list of fastest selling suburbs, Modbury is in the bottom 20% of suburbs in Australia with an average of days on market 102.52 for properties listed there.