Suburb Profile Report for Findon SA (5023)

Findon House: Median price $472,000, Annual capital growth 5.67%, Number of sales 104, Weekly median advertised rent $360

Findon Unit: Median price $332,500, Annual capital growth 5.21%, Number of sales 41, Weekly median advertised rent $280

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

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Findon, 5023 ranked 122th in SA when comparing growth in median property values or capital gain over the last 12 months. Findon is one of 853 in our list for SA

Comparing Findon,5023 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Findon should be aiming for at least -5.78% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 104 properties changed hands in Findon, which puts it as the 53th most active market in SA when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Property investors who have had real estate in Findon, 5023 should be ok 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 3.10%

If we look at median property appreciation over just the last three months, Findon has given property investors a paper return of 3.91%. This puts Suburb as 41 on a list of fastest fasting appreciating suburbs in SA

Sellers are offering property buyers an average discount of -4.30% to buyers in Findon at the moment, which is less than average for the rest of SA.

Often selling an investment property can take time, and in Findon the average time real estate has been on the market is 80.12 days.

Advertised rents are around the $280 mark per week – giving a return of 4.38% based on the median price in Suburb

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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.

Close
HOUSE UNIT
$472,000 $332,500
-0.63% 3.91%
7.58% 3.10%
5.67% 5.21%
$360 $280
104 41
3.97% 4.38%
49.95 80.12

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Balanced (U), Good (H)
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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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