At number 2483th in the list of Australian suburbs ordered by increase in median house value over the last year, Victor Harbor, 5211 is in the BOTTOM 40% with a property value increase of 1.49% recorded in median house prices.
Over the longer term, Victor Harbor has seen property prices show investors a 6.25% return over the last 3 years. This is worse than over the last 12 months
Victor Harbor5211 is located in SA which offers an average discount of -6.20% to property investors. Victor Harbor itself is showing figures that indicate -6.38% is the average achievable by property buyers investing in the suburb.
With a capital gain of 0.00% for the last 12 months, Victor Harbor, 5211 has performed for property investments than its average annual 2.75% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Victor Harbor has given property investors a paper return of -4.76%. This puts Suburb as 148 on a list of fastest fasting appreciating suburbs in SA
Property buyers and investors in Victor Harbor 5211 should be seeing an average reduction in asking price of around -5.21% . This means that Victor Harbor is holding prices well when compared to other suburbs in SA.
In the last year 28 properties changed hands in Victor Harbor, which puts it as the 71th most active market in SA when comparing the number of sales per suburb.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 7.80%, without taking into account capital value appreciation, which has been averaging out at 2.75%.
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