Property value increases in Findon have tracked just higher than the SA average of 2.53% over the last 12 months.
A 8.20% growth in median value for property investors in Findon,5023 puts this suburb at number 147th in terms of best performing suburbs in SA
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Findon, 5023. Typically our figures indicate that -5.75% is being offered, which puts this SA suburb at 1858th most discounted overall in Australia.
On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.
With the median price for a house in Findon being $475000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.94%
Findon has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 1.54% to date .
If we look at median property appreciation over just the last three months, Findon has given property investors a paper return of 3.13%. This puts Suburb as 46 on a list of fastest fasting appreciating suburbs in SA
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.95% offered to property buyers. Sellers in Findon itself are offering an average vendor discount of -4.41% to real estate investors.
Often selling an investment property can take time, and in Findon the average time real estate has been on the market is 78.96 days.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 5.10%, investors should hope to achieve an overall return of 4.41%
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
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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.
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.