Suburb Profile Report for Findon SA (5023)

Findon House: Median price $478,000, Annual capital growth 5.11%, Number of sales 94, Weekly median advertised rent $363

Findon Unit: Median price $330,000, Annual capital growth 4.20%, Number of sales 44, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Findon, 5023 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.64%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Findon has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Findon should be aiming for at least -4.76% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Findon the average time real estate has been on the market is 61.55 days.

A $362.5 per week rent on the median house gives suburb investors a gross yield of circa 3.94%, without taking into account capital value appreciation, which has been averaging out at 5.11%.

Findon is in the bottom 40% in SA when comparing median price capital growth over the last year. Findon gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.94%.

Findon,5023 was ranked 1082 in Australia by increase in median property value over the quarter.

Findon5023 is located in SA which offers an average discount of -6.11% to property investors. Findon itself is showing figures that indicate -3.39% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 4.20%, investors should hope to achieve an overall return of 4.41%

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Findon is a suburb in the west of Adelaide, around 8km from the CBD and 4km from the coast. Like many suburbs sandwiched between the beach and the city, it combines the best of both worlds by providing easy access to workplace and leisure.Full summary

Findon is a suburb in the west of Adelaide, around 8km from the CBD and 4km from the coast. Like many suburbs sandwiched between the beach and the city, it combines the best of both worlds by providing easy access to workplace and leisure.

In terms of affordability, it compares very well with its neighbouring suburbs. Unit prices fall well below that of beachside suburbs Grange and Henley Park to the west, while rents are comparable.

That’s not to say it’s just a bridging suburb: Findon has a shopping centre with over 30 shops including two supermarkets, and a range of cafes and restaurants along the length of Grange Road. The City of Charles Sturt has also undertaken a number of civic improvement programmes over the last couple of years, including road improvements, a $500,000 library upgrade, and the ‘Pooch Park’ dog playground on the River Torrens – a popular location for dog owners

While there is no rail link to the city, Findon is well served by buses, and there is a community campaign to restore trams to the area. It’s also within easy reach of Adelaide airport.

The rental market is significant, with SQM Research estimating that 42% of residents rent. Vacancy rates are tight, too, at just 0.5%. However, it’s capital growth that will be of most interest to investors, with the area showing relatively robust growth of 3.56% throughout the 2010 winter slump.

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HOUSE UNIT
$478,000 $330,000
0.00% -0.75%
8.64% -2.94%
5.11% 4.20%
$363 $280
94 44
3.94% 4.41%
61.55 66.22

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Findon SA
Demographics
Total population 5718
Median household income ($/weekly) 833
Median age of persons 39
Median housing loan repayment ($/monthly) 1600
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 585 10.2
    25-34 years 858 15.0
    35-44 years 793 13.9
    45-54 years 736 12.9
    55-64 years 527 9.2
    Others 2220 38.8
    Age Group
    Census Count Percent(%)
    Not Married 2075 48.2
    Registered Married 1977 45.9
    Defacto Relationship 253 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3302 63.0
    Indonesia 302 5.8
    Japan 427 8.1
    United Kingdom 175 3.3
    Other 406 7.7
    Others 629 12.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 146 2.9
    Christianity 3560 69.5
    Hinduism 162 3.2
    Islam 199 3.9
    No Religion 905 17.7
    Others 149 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 267 12.7
    $400-$599 304 14.5
    $600-$799 238 11.3
    $800-$999 210 10.0
    $1,500-$1,999 215 10.3
    Others 863 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1926 44.2
    Employed, worked full-time 1355 31.1
    Employed, worked part-time 793 18.2
    Unemployed, looking for work 150 3.4
    Employed, away from work 134 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 342 15.0
    Technicians & trades workers 353 15.4
    Clerical & administrative workers 377 16.5
    Sales 266 11.6
    Labourers 292 12.8
    Others 656 28.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 394 34.1
    Secondary 267 23.1
    Technical or Further Educational Institution 142 12.3
    University or other Tertiary Institutions 228 19.8
    Other type of educational institution 62 5.4
    Others 61 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4084 77.6
    Semi-detached, row or terrace house, townhouse 703 13.4
    Flat, unit or apartment 468 8.9
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 865 39.2
    Fully owned 768 34.8
    Being purchased 566 25.7
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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