Suburb Profile Report for Modbury SA (5092)

Modbury House: Median price $392,000, Annual capital growth 3.15%, Number of sales 85, Weekly median advertised rent $343

Modbury Unit: Median price $297,500, Annual capital growth 2.37%, Number of sales 24, Weekly median advertised rent $283

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

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.

Metrics i HOUSE UNIT
$392,000 $297,500
4.51% 3.30%
7.22% 10.49%
3.15% 2.37%
$343 $283
85 24
4.54% 4.94%
52.32 102.52

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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