Suburb Profile Report for Findon SA (5023)

Findon House: Median price $552,500, Annual capital growth 2.38%, Number of sales 107, Weekly median advertised rent $420

Findon Unit: Median price $367,500, Annual capital growth 0.34%, Number of sales 30, Weekly median advertised rent $350

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Findon has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of 1.56% to date .

If we look at median property appreciation over just the last three months, Findon has given property investors a paper return of -1.34%. This puts Suburb as 433 on a list of fastest fasting appreciating suburbs in SA

The most recent median price for Findon is $552500, with sellers offering an average of -3.10% off the asking price.

At number 2030 in a list of fastest selling suburbs, Findon is just in the bottom half of suburbs in Australia with an average of days on market 57.1667 for properties listed there.

Renters in Suburb are facing rents around $21840 per annum or $420 every week.

Giving property investors a a poor capital gain of -6.00% for the last year, Findon, 5023 is the 1487th highest performer in Australia in this respect.

Over the longer term, Findon has seen property prices show investors a -4.92% return over the last 3 years. This is worse than over the last 12 months

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.95%, without taking into account capital value appreciation, which has been averaging out at 0.34%.

Information supplied by:


October 2017

M
O

W
E

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.

 

Metrics i HOUSE UNIT
$552,500 $367,500
-1.34% -2.00%
1.56% -6.00%
2.38% 0.34%
$420 $350
107 30
3.95% 4.95%
57.1666666666667 85.9565217391304

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (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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