Get a property report and suburb profile for any property in Modbury

Modbury is a practical suburban centre in Adelaide's north-eastern suburbs, anchored by Westfield Tea Tree Plaza and the Tea Tree Plaza interchange on the O-Bahn, so public transport and shopping are close to hand. Around the retail hub are established single-storey postwar homes alongside newer townhouses and infill, with tree-lined streets, local parks and sporting grounds that give the area a settled, everyday feel. The suburb attracts families, commuters and older residents who value ready access to community facilities while being near the foothills' green reserves and other suburban services.

About 5,593 people live in Modbury and the median age is 37, with a typical household income of $1,342 a week. Households are dominated by couple families, and homes are mostly owner-occupied (31.5% owned outright and 35.3% with a mortgage), while roughly one in three dwellings are rented. The local hospital has been substantially upgraded with new mental health units and the North Eastern Cancer Centre, and the Tea Tree Plaza park-and-ride is being expanded, so everyday services and health care are prominent features of the suburb. Whether that mix suits you depends on what you are after in a suburb.

A median house price of $857,250 in Modbury works out to about 12.3 times a typical local annual household income at the last Census, so buying sits well above what households there earned at that Census. Renting is also a heavy cost: the average house rent of $650 a week would take about 48.4% of a typical local household's weekly income at the last Census (a large share), while unit rent of $500 a week would take about 37.3% (a sizeable share). On these figures, buying is the more stretched option, and renting — particularly a house — would still use a substantial portion of a typical local household income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest movement in Modbury over the past 12 months has been in property values: unit values jumped 13.2%, a strong rise, while house values recorded a solid 8.5% increase. Rents rose more gently, with house rents up 4.0% and unit rents up 4.2%, both modest increases.

For someone focused on capital growth, the value figures show gains, especially on the unit side, outpaced rental growth this year. If rental income is your priority, the rent increases have been modest and similar for houses and units, with units edging ahead slightly. Whether that pattern fits your investment goals and circumstances is something you'll need to weigh for yourself.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.