Over the last year, property investments in Victor Harbor, 5211 have given investors a capital gain of 4.71%. This compares favourably with the 2.99% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Victor Harbor comes in at number 159th in SA.
Victor Harbor5211 is located in SA which offers an average discount of -6.51% to property investors. Victor Harbor itself is showing figures that indicate -7.38% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
At number 1258th in the list of Australian suburbs ordered by increase in median house value over the last year, Victor Harbor, 5211 is in the BOTTOM 20% with a property value increase of -8.58% recorded in median house prices.
A 11.36% growth in median value for property investors in Victor Harbor,5211 puts this suburb at number 82th in terms of best performing suburbs in SA
At number 51th of SA’s most discounted properties, Victor Harbor is in the TOP 10% of the state/territory when listing in order of most discounted to least.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.73%, without taking into account capital value appreciation, which has been averaging out at 1.86%.
Information supplied by:
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.