Victor Harbor has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 0.67% to date .
Comparing Victor Harbor,5211 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Victor Harbor should be aiming for at least -6.33% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
Victor Harbor, 5211 ranked 66th in SA when comparing growth in median property values or capital gain over the last 12 months. Victor Harbor is one of 853 in our list for SA
While Victor Harbor,5211 ranked number 85th in SA for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
Victor Harbor, 5211 is offering SA ‘s 13th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.
Residents and property investors in Victor Harbor have been waiting around 104.615 days to sell a property.
Advertised rents are around the $257.5 mark per week – giving a return of 5.61% based on the median price in Suburb
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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.