All About Modbury Heights, Tea Tree Gully, SA, 5092

As of the latest data, Modbury Heights in the City of Tea Tree Gully, South Australia, has witnessed a relatively stable and appealing housing market. This suburb, nestled approximately 20 kilometers northeast of Adelaide's city center, offers a mixture of family homes, townhouses, and some newly-developed properties. With median house prices reflecting a moderate increase over the past few years, Modbury Heights attracts first-time buyers, families, and investors alike. The suburb benefits from its proximity to shopping amenities, with the nearby Tea Tree Plaza offering a wide range of retail and dining options, contributing to its growing desirability. Additionally, developments in infrastructure and public transport, including the O-Bahn busway, ensure that residents experience convenient and efficient connectivity to the broader Adelaide area.

Living in Modbury Heights offers a balanced lifestyle that combines suburban tranquility with access to city comforts. The area is celebrated for its green spaces, including numerous parks and reserves like the Illyarrie Reserve and Waterworld Aquatic Centre, which provide recreational opportunities for families and outdoor enthusiasts. The community is known for its welcoming and friendly atmosphere, supported by a network of local schools such as The Heights School and community programs facilitated by the City of Tea Tree Gully. Safety, a sense of community, and the convenience of local amenities make Modbury Heights an attractive place for individuals seeking a peaceful yet connected environment to call home. These factors have become increasingly important for residents looking to escape the hustle and bustle of denser urban areas while maintaining ease of access to essential services and employment hubs.

Modbury Heights Real Estate Market Outlook

Thinking about buying in Modbury Heights? Now could not be a better time, with 3371 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $630,000 with prices in this suburb ranging from $265,000 to $1,716,000. Modbury Heights is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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. Incomes in Modbury Heights are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Modbury Heights 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. High density population in Modbury Heights requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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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