Hindmarsh Island vs Modbury

The median house price is $855K in Hindmarsh Island and $860K in Modbury, so Hindmarsh Island is the cheaper entry point, with Modbury houses about 1% dearer.

For units, Hindmarsh Island sits at a median of $670K against $720K in Modbury, which makes Hindmarsh Island the more affordable unit market and Modbury the pricier one.

On cash flow, Modbury leads: houses there return a gross rental yield of 3.70%, compared with 3.50% in Hindmarsh Island, a gap of 0.20 percentage points.

Over the past year house prices moved +5.8% in Hindmarsh Island (an estimate) and +12.6% in Modbury, so recent momentum favours Modbury, although both suburbs recorded growth.

Rental vacancy is 0.9% in Hindmarsh Island and 1.1% in Modbury, so landlords in Hindmarsh Island face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Modbury is the bigger suburb, with a population of 5,593 against 1,846, roughly 3.0 times the size of Hindmarsh Island; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Modbury for rental income, Hindmarsh Island for a lower purchase price, Modbury for recent price momentum, Hindmarsh Island for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.