Suburb Profile Report for Findon SA (5023)

Findon House: Median price $500,000, Annual capital growth 2.61%, Number of sales 115, Weekly median advertised rent $380

Findon Unit: Median price $367,500, Annual capital growth 6.54%, Number of sales 19, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

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.

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October 2017

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Following some growth from July 2016 to July 2017, vacancies in the suburb of Findon tightened from 1.5% to 1.2%Full summary

Arena home fills vacancies

Postcode: 5023

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.

 

Close
Metrics i HOUSE UNIT
$500,000 $367,500
4.60% 0.14%
4.17% 5.30%
2.61% 6.54%
$380 $275
115 19
3.95% 3.89%
63.42 63.26

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5718
Median household income ($/weekly) 833
Median age of persons 39
Median housing loan repayment ($/monthly) 1600
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 585 10.2
    25-34 years 858 15.0
    35-44 years 793 13.9
    45-54 years 736 12.9
    55-64 years 527 9.2
    Others 2220 38.8
    Age Group
    Census Count Percent(%)
    Not Married 2075 48.2
    Registered Married 1977 45.9
    Defacto Relationship 253 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3302 63.0
    Indonesia 302 5.8
    Japan 427 8.1
    United Kingdom 175 3.3
    Other 406 7.7
    Others 629 12.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 146 2.9
    Christianity 3560 69.5
    Hinduism 162 3.2
    Islam 199 3.9
    No Religion 905 17.7
    Others 149 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 267 12.7
    $400-$599 304 14.5
    $600-$799 238 11.3
    $800-$999 210 10.0
    $1,500-$1,999 215 10.3
    Others 863 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1926 44.2
    Employed, worked full-time 1355 31.1
    Employed, worked part-time 793 18.2
    Unemployed, looking for work 150 3.4
    Employed, away from work 134 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 342 15.0
    Technicians & trades workers 353 15.4
    Clerical & administrative workers 377 16.5
    Sales 266 11.6
    Labourers 292 12.8
    Others 656 28.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 394 34.1
    Secondary 267 23.1
    Technical or Further Educational Institution 142 12.3
    University or other Tertiary Institutions 228 19.8
    Other type of educational institution 62 5.4
    Others 61 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4084 77.6
    Semi-detached, row or terrace house, townhouse 703 13.4
    Flat, unit or apartment 468 8.9
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 865 39.2
    Fully owned 768 34.8
    Being purchased 566 25.7
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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