Modbury Heights is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5092). With a population of 6,995, the suburb has an established demographic with a median age of 40. Households earn a median income of $82K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Modbury Heights is $885,000, having grown strongly 5.5% over the past year. Units have a median price of $524,000 (+19.1% YoY). The current median weekly rent is $596. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,495.
Modbury Heights is served by 1 school, including 1 combined. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 44 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,159 incidents per 100,000 population.
From an investment perspective, Modbury Heights offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($885K/$950K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +5.5% year-on-year.
Modbury Heights is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5092). With a population of 6,995, the suburb has an established demographic with a median age of 40. Households earn a median income of $82K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Modbury Heights is $885,000, having grown strongly 5.5% over the past year. Units have a median price of $524,000 (+19.1% YoY). The current median weekly rent is $596. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,495.
Modbury Heights is served by 1 school, including 1 combined. The average ICSEA score is 1060, which is above the national average of 1,000. Public transport access includes 44 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 2,159 incidents per 100,000 population.
From an investment perspective, Modbury Heights offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($885K/$950K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +5.5% year-on-year.