Findon, 5023 ranked 122th in SA when comparing growth in median property values or capital gain over the last 12 months. Findon is one of 853 in our list for SA
Comparing Findon,5023 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Findon should be aiming for at least -5.78% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 104 properties changed hands in Findon, which puts it as the 53th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Property investors who have had real estate in Findon, 5023 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.10%
If we look at median property appreciation over just the last three months, Findon has given property investors a paper return of 3.91%. This puts Suburb as 41 on a list of fastest fasting appreciating suburbs in SA
Sellers are offering property buyers an average discount of -4.30% to buyers in Findon at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Findon the average time real estate has been on the market is 80.12 days.
Advertised rents are around the $280 mark per week – giving a return of 4.38% based on the median price in 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.