Modbury Heights vs Morphettville

The median house price is $985K in Modbury Heights and $1.0M in Morphettville, so Modbury Heights is the cheaper entry point, with Morphettville houses about 4% dearer.

Gross rental yield on houses is effectively level, at 3.60% in Modbury Heights and 3.56% in Morphettville, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +14.1% in Modbury Heights and +11.2% in Morphettville, so recent momentum favours Modbury Heights, although both suburbs recorded growth.

Looking back three years, Modbury Heights houses are +36.3% and Morphettville houses +44.0%, so Morphettville has compounded faster than Modbury Heights over the longer window.

Rental vacancy is 0.9% in Modbury Heights and 1.0% in Morphettville, so landlords in Modbury Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Modbury Heights is the bigger suburb, with a population of 6,995 against 3,686, larger than Morphettville; a larger suburb usually means a deeper pool of buyers and tenants.

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