Victor Harbor is in the TOP 30% in SA when comparing median price capital growth over the last year. Victor Harbor gave property investors a good capital gain figure when compared to the rest of the state, with 6.15%.
If we look at median property appreciation over just the last three months, Victor Harbor has given property investors a paper return of 2.99%. This puts Suburb as 117 on a list of fastest fasting appreciating suburbs in SA
At number 111th of SA’s most discounted properties, Victor Harbor is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $315 weekly from the median priced house in this suburb.
Victor Harbor has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 7.41% to date .
Victor Harbor,5211 has offered an average of 7.41% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.72%, investors should hope to achieve an overall return of 5.04%
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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.