Findon is in the TOP 30% in SA when comparing median price capital growth over the last year. Findon gave property investors a good capital gain figure when compared to the rest of the state, with 8.19%.
When looking at the potential capital gains offered to property investors over the last 3 years, Findon comes in at number 176th in SA.
LACK OF BUYER INTEREST may well be the reason that Findon is offering property investors an average of -6.73. This rate of discount on properties puts Suburb at number 98th in terms of most discounted suburbs in SA
In the last year 97 properties changed hands in Findon, which puts it as the 45th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
Findon is in the bottom 10% in SA when comparing median price capital growth over the last year. Findon gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.39%.
Findon,5023 was ranked 456 in Australia by increase in median property value over the quarter.
The most recent median price for Findon is $305000, with sellers offering an average of -5.80% off the asking price.
Property investors should expect to get $322.5 weekly from the median priced house in this suburb.
Information supplied by:
Arena home fills vacancies
Median house price: $493,000
Vacancy rate: 1.2%
Three-year growth: 14.0%
Following some growth from July 2016 to July 2017, vacancies in the suburb of Findon tightened from 1.5% to 1.2%.
It is an ideal place for families – the suburb is just about 6.5km from the Adelaide city centre, and it houses a primary school, Findon High School and an early childhood centre for the kids. A stretch of shops line Findon Road and Grange Road as well. The Findon Oval serves as a playing spot for baseball and lacrosse players, and the Findon Cycle Speedway is the turf of the local cycling club. The Adelaide Arena, which seats 8,000 and is the largest basketball stadium in the country, is located here.
With houses being reasonably priced at just under $500,000, owner-occupiers and tenants alike could be competing to secure a spot in this well-located suburb.