Over the last year, property investments in Victor Harbor, 5211 have given investors a capital gain of 0.00%. This compares badly with the 3.04% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Victor Harbor has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Victor Harbor are currently offering property investors an average price cut of -6.05% below the asking price at the moment.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 4.65%
SA has seen average median house prices change by 3.81% which means that Victor Harbor, 5211 has done well for property investors by showing a capital gain of -17.40% over the last year
Victor Harbor,5211 was ranked 1538 in Australia by increase in median property value over the quarter.
At number 125th of SA’s most discounted properties, Victor Harbor is in the TOP 30% of the state/territory when listing in order of most discounted to least.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 8.06%, without taking into account capital value appreciation, which has been averaging out at 0.99%.