Suburb Profile Report for Victor Harbor SA (5211)

Victor Harbor House: Median price $338,750, Annual capital growth 1.81%, Number of sales 94, Weekly median advertised rent $320

Victor Harbor Unit: Median price $268,000, Annual capital growth 3.82%, Number of sales 26, Weekly median advertised rent $265

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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SA has seen average median house prices change by 2.10% which means that Victor Harbor, 5211 has done well for property investors by showing a capital gain of 0.52% over the last year

If we look at median property appreciation over just the last three months, Victor Harbor has given property investors a paper return of 0.52%. This puts Suburb as 213 on a list of fastest fasting appreciating suburbs in SA

Our latest figures would indicate that property sellers in Victor Harbor are currently offering property investors an average price cut of -8.08% below the asking price at the moment.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.81%, investors should hope to achieve an overall return of 4.91%

SA has seen average median house prices change by 1.05% which means that Victor Harbor, 5211 has done well for property investors by showing a capital gain of 11.67% over the last year

Over the longer term, Victor Harbor has seen property prices show investors a 14.04% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Victor Harbor is giving property investors an average Vendor Discount of around -6.52%. This puts suburb at number 31th in SA when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

Advertised rents are around the $265 mark per week – giving a return of 5.14% based on the median price in Suburb

Information supplied by:


February 2018

M
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W
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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.

Metrics i HOUSE UNIT
$338,750 $268,000
0.52% 3.47%
0.52% 11.67%
1.81% 3.82%
$320 $265
94 26
4.91% 5.14%
113 124.6

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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