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Modbury vs Para Vista

Property investment comparison - Modbury, SA 5092 vs Para Vista, SA 5093

Head-to-head across core investment metrics: Modbury wins 0, Para Vista wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricModburyPara Vista
Median house price$860K$850K
Median unit price$720K-
Gross rental yield (houses)3.70%3.79%
Gross rental yield (units)-4.68%
1-year house growth+12.6%+15.3%estimate
3-year house growth+43.8%-
Vacancy rate1.1%0.3%
Population5,5933,023

Modbury vs Para Vista: what the numbers say

The median house price is $860K in Modbury and $850K in Para Vista, so Para Vista is the cheaper entry point, with Modbury houses about 1% dearer.

On cash flow, Para Vista leads: houses there return a gross rental yield of 3.79%, compared with 3.70% in Modbury, a gap of 0.09 percentage points.

Over the past year house prices moved +12.6% in Modbury and +15.3% in Para Vista (an estimate), so recent momentum favours Para Vista, although both suburbs recorded growth.

Rental vacancy is 0.3% in Para Vista and 1.1% in Modbury, so landlords in Para Vista 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 3,023, larger than Para Vista; a larger suburb usually means a deeper pool of buyers and tenants.

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

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