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.