Giving property investors a an average capital gain of 7.02% for the last year, Findon, 5023 is the 1740th highest performer in Australia in this respect.
The five-year average increase in median property values for Findon,5023 has given property investors a potential capital gain of 10.71% across each of those five years.
Property buyers and investors in Findon 5023 should be seeing an average reduction in asking price of around -4.70% . This means that Findon is holding prices well when compared to other suburbs in SA.
Situated 6.46km from the CBD, Findon is one of Charles Sturt localities in the postcode 5023.
At number 1538th in the list of Australian suburbs ordered by increase in median house value over the last year, Findon, 5023 is in the BOTTOM 20% with a property value increase of -8.59% recorded in median house prices.
While Findon,5023 ranked number 116th in SA for increase in median house value (annualised) increase, it is ranked 139th over the last 5 years.
Findon5023 is located in SA which offers an average discount of -6.06% to property investors. Findon itself is showing figures that indicate -3.42% is the average achievable by property buyers investing in the 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.