At number 1590th 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 8.64% recorded in median house prices.
Findon,5023 has offered an average of 8.64% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Findon is giving property investors an average Vendor Discount of around -4.89%. This puts suburb at number 291th in SA when ranking the most discounted suburbs.
Findon, 5023’s gross rental yield is 3.92%
Over the last year, property investments in Findon, 5023 have given investors a capital gain of 3.08%. This compares averagely with the 3.13% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Findon comes in at number 109th in SA.
Findon, 5023 is offering SA ‘s 117th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.
A $277.5 per week rent on the median house gives suburb investors a gross yield of circa 4.31%, without taking into account capital value appreciation, which has been averaging out at 4.94%.
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.