Findon is an average performer in SA when comparing median price capital growth over the last year. Findon gave property investors a average capital gain figure when compared to the rest of the state, with 4.67%.
When looking at the potential capital gains offered to property investors over the last 3 years, Findon comes in at number 144th in SA.
Our latest figures would indicate that property sellers in Findon are currently offering property investors an average price cut of -5.25% below the asking price at the moment.
At number 1543th 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 104th in SA for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Findon is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 125th in terms of most discounted suburbs in SA
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.