All About Modbury, Tea Tree Gully, SA, 5092

Modbury, located in the City of Tea Tree Gully, South Australia, is a suburb characterized by a dynamic housing market that reflects broader trends seen across Adelaide's growing outer metropolitan areas. Recent years have witnessed a steady increase in property values, driven by factors such as improved local amenities, infrastructure developments, and the suburb's growing appeal to families and professionals seeking affordable yet accessible living options. Modbury's housing stock is diverse, ranging from older, established homes to modern developments and apartments, catering to a wide range of buyers and renters. The suburb’s proximity to major shopping centers, like the Westfield Tea Tree Plaza, and its excellent connectivity to Adelaide’s city center via both public transport and road networks further enhance its attractiveness. Investors have also been increasingly interested in Modbury due to its affordability compared to inner-city regions, while still offering a high quality of life.

Living in Modbury offers a balanced lifestyle enhanced by its combination of natural landscapes and suburban comforts. The area is known for its lush green parks and recreational options, with the Adelaide Hills serving as a scenic backdrop for outdoor enthusiasts. Residents enjoy access to various amenities, including quality schools, healthcare facilities, and community centers that nurture a strong sense of community spirit. The suburb’s cultural diversity is reflected in its culinary scene and local events, which contribute to a welcoming and inclusive atmosphere. As Modbury continues to evolve, it retains a friendly, community-oriented vibe, making it an appealing choice for both families looking for a supportive environment and young professionals seeking a blend of convenience and leisure. Overall, Modbury offers a compelling mix of practicality, lifestyle, and potential for growth, appealing to a wide demographic spectrum.

Modbury Real Estate Market Outlook

Thinking about buying in Modbury? Now could not be a better time, with 4328 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $572,000 with prices in this suburb ranging from $217,000 to $1,578,000. The aproximate distance to the coast is 10 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Modbury due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Modbury classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Modbury necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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