Victor Harbor, 5211 ranked 62th 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
The five-year average increase in median property values for Victor Harbor,5211 has given property investors a potential capital gain of 18.01% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Victor Harbor, 5211. Typically our figures indicate that -4.53% is being offered, which puts this SA suburb at 1205th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 2.13%.
Property value increases in Victor Harbor have tracked just lower than the SA average of 3.97% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Victor Harbor comes in at number 84th in SA.
Property investors looking for a bargain in Victor Harbor should be aiming for at least -5.32% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $400 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.