Property value increases in Findon have tracked close to the SA average of 3.22% over the last 12 months.
Over the longer term, Findon has seen property prices show investors a 13.99% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Findon is giving property investors an average Vendor Discount of around -7.14%. This puts suburb at number 104th in SA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $4470 per annum or $372.5 every week.
Findon has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 21.43% to date .
If we look at median property appreciation over just the last three months, Findon has given property investors a paper return of 5.56%. This puts Suburb as 37 on a list of fastest fasting appreciating suburbs in SA
Findon5023 is located in SA which offers an average discount of -6.37% to property investors. Findon itself is showing figures that indicate -4.93% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.
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.