Suburb Profile Report for Findon SA (5023)

Findon House: Median price $475,000, Annual capital growth 5.80%, Number of sales 104, Weekly median advertised rent $360

Findon Unit: Median price $330,000, Annual capital growth 5.10%, Number of sales 42, Weekly median advertised rent $280

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

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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%

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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
$475,000 $330,000
2.04% 3.13%
8.57% 1.54%
5.80% 5.10%
$360 $280
104 42
3.94% 4.41%
50.6 78.96

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 : Above average (U), Above average (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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