Property value increases in Victor Harbor have tracked close to the SA average of 1.26% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Victor Harbor comes in at number 309th in SA.
The most recent median price for Victor Harbor is $335000, with sellers offering an average of -5.73% off the asking price.
Often selling an investment property can take time, and in Victor Harbor the average time real estate has been on the market is 87.36 days.
Victor Harbor is 158th on a list of best yielding suburbs for rents in SA with a 4.89% return
If you compare the increase in value of investment property in Victor Harbor, 5211 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.38%.
A 6.50% growth in median value for property investors in Victor Harbor,5211 puts this suburb at number 57th in terms of best performing suburbs in SA
At number 25th of SA’s most discounted properties, Victor Harbor is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Victor Harbor have been waiting around 133.2 days to sell a property.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 5.69%
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