Findon has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.15% to date .
Over the longer term, Findon has seen property prices show investors a 13.70% return over the last 3 years. This is worse than over the last 12 months
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 -4.42% is being offered, which puts this SA suburb at 2786th most discounted overall in Australia.
In the last year 103 properties changed hands in Findon, which puts it as the 49th most active market in SA when comparing the number of sales per suburb.
The SA suburb of Findon, 5023 is in the Charles Sturt local government area.
Property investors who have had real estate in Findon, 5023 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.32%
Findon,5023 was ranked 257 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Findon are currently offering property investors an average price cut of -8.60% below the asking price at the moment.
In the last year 55 properties changed hands in Findon, which puts it as the 28th most active market in SA when comparing the number of sales per suburb.
Situated 4.20km from the CBD, Findon is one of Charles Sturt localities in the postcode 5023.
Following some growth from July 2016 to July 2017, vacancies in the suburb of Findon tightened from 1.5% to 1.2%Full summary
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.