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

Modbury North, a suburb nestled within the City of Tea Tree Gully in South Australia, presents a dynamic and evolving housing market that reflects broader trends observed in suburban Adelaide. The suburb has become increasingly attractive to a diverse range of homebuyers, including young families, professionals, and retirees, largely due to its affordable housing options relative to the more central parts of Adelaide. In recent years, Modbury North has witnessed steady growth in property values, spurred by its proximity to essential amenities, improved infrastructure, and development projects that enhance its livability. The mix of established homes and new developments offers varied choices for prospective buyers. This diversity in housing stock, combined with accessible public transportation and nearby shopping centers such as the Tea Tree Plaza, makes Modbury North a key area for real estate investment.

Living in Modbury North offers a balance of suburban tranquility and urban convenience, making it an appealing location for many residents. The suburb is characterized by its lush parklands and recreational spaces, including the expansive Civic Park and nearby Anstey Hill Recreation Park, which provide ample opportunities for outdoor activities. The community is family-friendly, with numerous schools and childcare centers catering to educational needs. Its well-connected public transport system, primarily serviced by the O-Bahn Busway, ensures that the Adelaide CBD is within easy reach, enhancing job access and entertainment options. Furthermore, Modbury North's community spirit is vibrant, with local clubs, markets, and events fostering a strong sense of belonging. Overall, Modbury North offers a harmonious blend of lifestyle and convenience, underpinned by a strong sense of community and ongoing development.

Modbury North Real Estate Market Outlook

Thinking about buying in Modbury North? Now could not be a better time, with 2838 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $644,000 with prices in this suburb ranging from $271,000 to $9,139,000. Modbury North 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 North 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 North 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 North 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

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!