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 families and early-career residents with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Indian.
The median house price in Modbury is $900,000, having edged higher by 0.6% over the past year. The current median weekly rent is $558. This gives a gross rental yield of approximately 3.2%. 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.
Looking at the investment signals, Modbury shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($900K/$950K). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +0.6% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.