Suburb Profile Report for Victor Harbor SA (5211)

Victor Harbor House: Median price $330,000, Annual capital growth 2.17%, Number of sales 133, Weekly median advertised rent $290

Victor Harbor Unit: Median price $220,000, Annual capital growth 2.00%, Number of sales 22, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Victor Harbor has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

Victor Harbor,5211 was ranked 2733 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Victor Harbor is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 204th in terms of most discounted suburbs in SA

At number 2862 in a list of fastest selling suburbs, Victor Harbor is in the bottom 30% of suburbs in Australia with an average of days on market 105.58 for properties listed there.

Using the current median advertised rental of $290 and the average annual increase in value of a median property of 2.17%, investors should hope to achieve an overall return of 4.57%

SA has seen average median house prices change by 3.99% which means that Victor Harbor, 5211 has done well for property investors by showing a capital gain of -10.20% over the last year

Across a shorter period, Victor Harbor, 5211 has seen a median price increase of 6.54% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Victor Harbor itself are offering an average vendor discount of -4.82% to real estate investors.

The SA suburb of Victor Harbor, 5211 is in the Victor Harbor local government area.

Metrics i HOUSE UNIT
$330,000 $220,000
0.00% 6.54%
0.00% -10.20%
2.17% 2.00%
$290 $285
133 22
4.57% 6.74%
105.58 104.38

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 4122
Median household income ($/weekly) 691
Median age of persons 55
Median housing loan repayment ($/monthly) 1200
Average household size 2
  • Census Count Percent(%)
    35-44 years 350 8.5
    45-54 years 514 12.5
    55-64 years 649 15.7
    65-74 years 593 14.4
    75-84 years 599 14.5
    Others 1417 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1615 51.9
    Not Married 1271 40.8
    Defacto Relationship 226 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3169 81.4
    Greece 33 0.8
    Papua New Guinea 28 0.7
    United Kingdom 496 12.7
    Other 61 1.6
    Others 104 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.8
    Christianity 2458 67.5
    Islam 3 0.1
    Other Religious Groups 14 0.4
    No Religion 1134 31.2
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 253 15.1
    $400-$599 314 18.7
    $600-$799 250 14.9
    $800-$999 188 11.2
    $1,000-$1,249 151 9.0
    Others 521 31.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1966 57.5
    Employed, worked full-time 670 19.6
    Employed, worked part-time 558 16.3
    Unemployed, looking for work 120 3.5
    Employed, away from work 108 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 171 12.8
    Professionals 180 13.5
    Technicians & trades workers 217 16.2
    Community & personal service workers 190 14.2
    Labourers 178 13.3
    Others 402 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 32 5.5
    Infants/Primary 234 39.9
    Secondary 173 29.5
    Technical or Further Educational Institution 76 13.0
    University or other Tertiary Institutions 45 7.7
    Others 26 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2971 81.1
    Semi-detached, row or terrace house, townhouse 477 13.0
    Flat, unit or apartment 176 4.8
    Caravan, cabin, houseboat 32 0.9
    House or flat attached to a shop, office 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 780 43.6
    Rented 504 28.1
    Being purchased 375 20.9
    Other tenure type 132 7.4
    Tenure Type
Census 2011, ABS
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