At number 1225th in the list of Australian suburbs ordered by increase in median house value over the last year, Victor Harbor, 5211 is in the top 30% with a property value increase of 5.43% recorded in median house prices.
Over the longer term, Victor Harbor has seen property prices show investors a 3.42% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -6.37% to buyers in Victor Harbor at the moment, which is less than average for the rest of SA.
With the median price for a house in Victor Harbor being $340000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.74%
Victor Harbor has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 6.35% to date .
Across a shorter period, Victor Harbor, 5211 has seen a median price increase of 0.00% over the last quarter.
Vendor discounting in Victor Harbor is giving property investors an average Vendor Discount of around -6.99%. This puts suburb at number 24th in SA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $13520 per annum or $260 every week.
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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.