Victor Harbor has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 16.19% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Victor Harbor has increased when compared to the 5 year average annual rate.
Victor Harbor, 5211 is offering SA ‘s 77th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.
Renters in Suburb are facing rents around $20020 per annum or $385 every week.
If you compare the increase in value of investment property in Victor Harbor, 5211 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 20.76%.
Over the longer term, Victor Harbor has seen property prices show investors a 12.98% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -2.90% to buyers in Victor Harbor at the moment, which is less than average for the rest of SA.
Property investors should expect to get $527.5 weekly from the median priced house in this 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.