Modbury Heights

POSTAL CODE: SA, 5092
HOUSE

Property investors have seen a 2.65% gain in MODBURY HEIGHTS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MODBURY HEIGHTS, 5092 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 10.65%.

Based on its average 5-year and quarterly capital gains MODBURY HEIGHTS, 5092 saw average growth in the long term.

The SA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $852,000

Profits averaged 11% per annum over a 3-year period, due to an upward trend in home prices in MODBURY HEIGHTS, 5092.

This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

The gross rental yield in MODBURY HEIGHTS, 5092 is 3.97%.

An average of 8.25 real estate transactions take place per month in MODBURY HEIGHTS which translates to 99 per annum.

Surburb overview

Modbury Heights, located in South Australia with the postcode 5092, is a family-friendly suburb situated approximately 18 kilometres northeast of Adelaide’s central business district (CBD). It is part of the City of Tea Tree Gully and is known for its peaceful residential environment, scenic views of the Adelaide Hills, and proximity to essential amenities.

With a population of around 5,000 people, Modbury Heights has a diverse demographic that includes families, young professionals, and retirees. The area’s suburban charm, combined with its hillside location, gives residents a relaxed lifestyle away from the bustle of the city.

Public transportation in Modbury Heights is well-serviced, with several bus routes connecting the suburb to Adelaide’s CBD and nearby areas. The suburb is close to the Tea Tree Plaza Interchange, which provides access to the O-Bahn busway, ensuring a fast and convenient commute to the city. The suburb’s road network is also well-developed, with easy access to arterial roads such as North East Road and Golden Grove Road.

While Modbury Heights is primarily residential, residents have easy access to a range of shopping and services in nearby areas. The Westfield Tea Tree Plaza shopping centre, located a short drive away, offers a wide variety of retail stores, supermarkets, dining options, and entertainment facilities, including a cinema complex. Local shopping centres, such as Modbury Heights Shopping Centre, provide residents with everyday essentials.

For recreation, Modbury Heights offers several parks and green spaces, including The Heights Reserve and the popular Cobbler Creek Recreation Park, which features walking and cycling trails, picnic areas, and scenic views of the surrounding landscape. These parks are ideal for outdoor activities, contributing to the active and family-oriented lifestyle of the suburb. Additionally, the suburb has local sporting clubs, including football, tennis, and netball, catering to a range of interests.

Education is a strong feature of Modbury Heights, with several schools located within or near the suburb. The Heights School, a highly regarded Reception to Year 12 school, is one of the key educational institutions in the area. Additionally, there are several early childhood and primary school options nearby, making the suburb a popular choice for families with children.

Healthcare services are easily accessible, with the Modbury Hospital located just a short drive away. The hospital provides a wide range of medical services, including emergency care and specialist clinics, ensuring residents have access to essential healthcare facilities.

Modbury Heights is a suburb that offers a balanced lifestyle, combining suburban tranquillity with easy access to urban conveniences. Its proximity to major shopping centres, excellent transport links, recreational opportunities, and educational facilities makes it an attractive location for families, professionals, and retirees looking to enjoy a peaceful yet well-connected community.

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