At number 2499th 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 2.30% recorded in median house prices.
Across a shorter period, Findon, 5023 has seen a median price increase of 1.45% over the last quarter.
Vendor discounting in Findon is giving property investors an average Vendor Discount of around -7.14%. This puts suburb at number 116th in SA when ranking the most discounted suburbs.
Findon is 281th on a list of best yielding suburbs for rents in SA with a 3.78% return
Findon is an average performer in SA when comparing median price capital growth over the last year. Findon gave property investors a good capital gain figure when compared to the rest of the state, with 6.25%.
While Findon,5023 ranked number 49th in SA for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.
Vendor discounting in Findon is giving property investors an average Vendor Discount of around -5.43%. This puts suburb at number 116th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Findon the average time real estate has been on the market is 63.56 days.
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.