Suburb Profile Report for Victor Harbor SA (5211)

Victor Harbor House: Median price $335,000, Annual capital growth 1.31%, Number of sales 118, Weekly median advertised rent $310

Victor Harbor Unit: Median price $252,000, Annual capital growth 3.80%, Number of sales 34, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Victor Harbor, 5211 have given investors a capital gain of 1.52%. This compares averagely with the 3.53% for SA as a whole.

Comparing Victor Harbor,5211 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.13% offered to property buyers. Sellers in Victor Harbor itself are offering an average vendor discount of -6.99% to real estate investors.

Property investors who have had real estate in Victor Harbor, 5211 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.00%

The most recent median price for Victor Harbor is $252000, with sellers offering an average of -6.33% off the asking price.

Residents and property investors in Victor Harbor have been waiting around 120.85 days to sell a property.

Information supplied by:


February 2018

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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

Waterside suburb capitalises on affordability

Postcode: 5211

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
Metrics i HOUSE UNIT
$335,000 $252,000
4.61% N/A
1.52% 20.00%
1.31% 3.80%
$310 $440
118 34
4.81% 9.08%
98.68 120.85

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 4122
Median household income ($/weekly) 691
Median age of persons 55
Median housing loan repayment ($/monthly) 1200
Average household size 2
  • Census Count Percent(%)
    35-44 years 350 8.5
    45-54 years 514 12.5
    55-64 years 649 15.7
    65-74 years 593 14.4
    75-84 years 599 14.5
    Others 1417 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1615 51.9
    Not Married 1271 40.8
    Defacto Relationship 226 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3169 81.4
    Greece 33 0.8
    Papua New Guinea 28 0.7
    United Kingdom 496 12.7
    Other 61 1.6
    Others 104 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.8
    Christianity 2458 67.5
    Islam 3 0.1
    Other Religious Groups 14 0.4
    No Religion 1134 31.2
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 253 15.1
    $400-$599 314 18.7
    $600-$799 250 14.9
    $800-$999 188 11.2
    $1,000-$1,249 151 9.0
    Others 521 31.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1966 57.5
    Employed, worked full-time 670 19.6
    Employed, worked part-time 558 16.3
    Unemployed, looking for work 120 3.5
    Employed, away from work 108 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 171 12.8
    Professionals 180 13.5
    Technicians & trades workers 217 16.2
    Community & personal service workers 190 14.2
    Labourers 178 13.3
    Others 402 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 32 5.5
    Infants/Primary 234 39.9
    Secondary 173 29.5
    Technical or Further Educational Institution 76 13.0
    University or other Tertiary Institutions 45 7.7
    Others 26 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2971 81.1
    Semi-detached, row or terrace house, townhouse 477 13.0
    Flat, unit or apartment 176 4.8
    Caravan, cabin, houseboat 32 0.9
    House or flat attached to a shop, office 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 780 43.6
    Rented 504 28.1
    Being purchased 375 20.9
    Other tenure type 132 7.4
    Tenure Type
Census 2011, ABS
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