If you compare the increase in value of investment property in Findon, 5023 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 1.66%.
Taking the average capital gain, or increase in median house value, Findon,5023 has racked up an average of 1.66% over the period. This ranks it number 2079th in the whole country for real estate investors looking at median house price increases.
Findon5023 is located in SA which offers an average discount of -6.56% to property investors. Findon itself is showing figures that indicate -6.77% is the average achievable by property buyers investing in the suburb.
In the last year 92 properties changed hands in Findon, which puts it as the 66th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 4.51%, investors should hope to achieve an overall return of 3.88%
SA has seen average median house prices change by 3.64% which means that Findon, 5023 has done well for property investors by showing a capital gain of 8.46% over the last year
Findon,5023 has offered an average of 8.46% return per annum in house price rises to property investors over the last three years.
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 -5.77% is being offered, which puts this SA suburb at 549th most discounted overall in Australia.
With the median price for a house in Findon being $352500 and the advertised rent reaching $302.5 the gross rental yield for property investors calculates out to be 4.46%
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.