At number 2416th in the list of Australian suburbs ordered by increase in median house value over the last year, Findon, 5023 is in the BOTTOM 50% with a property value increase of 2.37% recorded in median house prices.
The five-year average increase in median property values for Findon,5023 has given property investors a potential capital gain of 13.08% across each of those five years.
Sellers are offering property buyers an average discount of -7.16% to buyers in Findon at the moment, which is less than average for the rest of SA.
At number 662th in the list of Australian suburbs ordered by increase in median house value over the last year, Findon, 5023 is in the top 40% with a property value increase of 5.47% recorded in median house prices.
A 2.27% growth in median value for property investors in Findon,5023 puts this suburb at number 74th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Findon are currently offering property investors an average price cut of -5.97% below the asking price 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 72.85 days.
Advertised rents are around the $290 mark per week – giving a return of 4.47% based on the median price in Suburb
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.