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Modbury North

POSTAL CODE: SA, 5092
HOUSE

Property investors enjoyed capital gains of 14.04% over the last 12 months in MODBURY NORTH, translating to lower returns compared with its peers in SA.

Figures from the previous quarter show that capital gains for real estate buyers in MODBURY NORTH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 40.45% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.

On average, rents on listings have reached the $620 mark, reflecting a 3.87% increase in returns based on the current median price in MODBURY NORTH.

MODBURY NORTH, 5092 ranks 164th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 141st on the list of best yielding suburbs for rental properties in SA, posting a 3.87% return.

Surburb overview

Modbury North, located in South Australia with the postcode 5092, is a well-established suburb situated approximately 14 kilometres northeast of Adelaide’s central business district (CBD). It is part of the City of Tea Tree Gully and is known for its family-friendly atmosphere, green spaces, and excellent access to amenities, making it a popular residential area for families, young professionals, and retirees.

Modbury North has a population of around 5,000 people and offers a mix of housing, including spacious family homes, townhouses, and modern developments. The suburb is characterised by its quiet streets, mature trees, and a strong sense of community, making it an attractive choice for those seeking suburban living with easy access to essential services.

Public transportation in Modbury North is well-serviced, with several bus routes connecting the suburb to Adelaide’s CBD and neighbouring areas. The nearby Tea Tree Plaza Interchange provides access to the O-Bahn busway, which offers a fast and direct route to the city. The suburb is also conveniently located near major roads such as North East Road and Grand Junction Road, ensuring easy access for those commuting by car.

One of the key attractions of Modbury North is its proximity to the Westfield Tea Tree Plaza shopping centre, which is just a short drive away. The shopping centre offers a wide range of retail stores, supermarkets, dining options, and entertainment facilities, including a cinema. The nearby Modbury Triangle Shopping Centre also provides additional shopping and services for local residents.

Residents enjoy outdoor activities at Civic Park, which features open green spaces, walking paths, and areas for picnics and community events. Additionally, the nearby Anstey Hill Recreation Park offers hiking trails, scenic views, and opportunities for wildlife observation, making it a popular spot for nature enthusiasts.

Education is well catered for in Modbury North, with several schools in the area, including Modbury West School and Valley View Secondary School. There are also childcare centres and kindergartens nearby, making the suburb an ideal location for families with young children. The TAFE SA Tea Tree Gully campus is also close by, providing vocational education and training opportunities.

Healthcare services in the area are excellent, with Modbury Hospital, a major public healthcare facility, located nearby. The hospital provides emergency services, specialist clinics, and general healthcare, ensuring residents have access to quality medical care.

Modbury North offers a balanced lifestyle with a strong sense of community, access to excellent amenities, and proximity to both the city and natural attractions. Its combination of suburban tranquillity, convenient transport links, and access to parks, schools, and shopping centres makes it a highly desirable location for a wide range of residents.

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