Over the last year, property investments in Victor Harbor, 5211 have given investors a capital gain of 5.19%. This compares favourably with the 1.79% for SA as a whole.
Taking the average capital gain, or increase in median house value, Victor Harbor,5211 has racked up an average of 5.19% over the period. This ranks it number 1795th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Victor Harbor should be aiming for at least -4.74% off the asking price, which is the average vendor discount being achieved at the moment.
Victor Harbor is 97th on a list of best yielding suburbs for rents in SA with a 5.13% return
Property value increases in Victor Harbor have tracked lower than the SA average of -0.89% over the last 12 months.
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 fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Victor Harbor is giving property investors an average Vendor Discount of around -4.77%. This puts suburb at number 4th in SA when ranking the most discounted suburbs.
The SA suburb of Victor Harbor, 5211 is in the Victor Harbor (C) local government area.
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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.