Modbury is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5092). With a population of 5,593, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Indian.
The median house price in Modbury is $895,000, having surged 14.7% over the past year. The current median weekly rent is $574. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,430.
Modbury is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1012, which is around the national average of 1,000. Public transport access includes 61 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Tea Tree Gully LGA is higher than average at 20,204 incidents per 100,000 population.
From an investment perspective, Modbury offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($895K/$950K). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +14.7% year-on-year.
Modbury is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5092). With a population of 5,593, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Indian.
The median house price in Modbury is $895,000, having surged 14.7% over the past year. The current median weekly rent is $574. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,430.
Modbury is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1012, which is around the national average of 1,000. Public transport access includes 61 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Tea Tree Gully LGA is higher than average at 20,204 incidents per 100,000 population.
From an investment perspective, Modbury offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($895K/$950K). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +14.7% year-on-year.