Investment property in Findon has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.17%
While Findon,5023 ranked number 77th in SA for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.
At number 119th of SA’s most discounted properties, Findon is in the middle of the state/territory when listing in order of most discounted to least.
Giving property investors a a stable capital gain of 5.30% for the last year, Findon, 5023 is the 455th highest performer in Australia in this respect.
Findon,5023 has offered an average of 5.30% return per annum in house price rises to property investors over the last three years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.48% offered to property buyers. Sellers in Findon itself are offering an average vendor discount of -5.32% to real estate investors.
In the last year 19 properties changed hands in Findon, which puts it as the 51th most active market in SA when comparing the number of sales per suburb.
Situated 6.89km from the CBD, Findon is one of Charles Sturt (C) 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
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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.