Over the last year, property investments in Victor Harbor, 5211 have given investors a capital gain of 1.52%. This compares averagely with the 3.53% for SA as a whole.
Comparing Victor Harbor,5211 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.13% offered to property buyers. Sellers in Victor Harbor itself are offering an average vendor discount of -6.99% to real estate investors.
Property investors who have had real estate in Victor Harbor, 5211 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.00%
The most recent median price for Victor Harbor is $252000, with sellers offering an average of -6.33% off the asking price.
Residents and property investors in Victor Harbor have been waiting around 120.85 days to sell a property.
The suburb of Victor Harbor is the largest population centre on the Fleurieu Peninsula, and it has been on a roll for the past three yearsFull summary
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Waterside suburb capitalises on affordability
Median unit price: $248,500
Three-year growth: 14.5%
Rental yield: 6.7%
The suburb of Victor Harbor is the largest population centre on the Fleurieu Peninsula, and it has been on a roll for the past three years.
Victor Harbor’s unit market recorded 7.3% growth in the 12 months leading up to November 2017, and another 4.2% increase over the November 2017 quarter. Nonetheless, the median value has stayed below $250,000, making Victor Harbor a very affordable option for buyers on a budget. Coupled with the strong rental return of 6.7%, investors may be quite interested in this area.
Victor Harbor is very popular during the holidays, with many high school graduates from all over the state coming here for year-end celebrations. Agriculture and fishery are the top industries here – given the proximity to the water, Victor Harbor is known for whale spotting.Close