Located in South Australia within the Victor Harbor local government area, Victor Harbor is a smaller suburb (postcode 5211). It is home to about 4,520 residents, with an older demographic and a median age of 59. Households earn a median income of $46K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, professionals, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Scottish.
Units have a median price of $440,000 (+4.8% YoY). The current median weekly rent is $482. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,203.
Victor Harbor is served by 4 schools, including 1 primary, 1 secondary, 2 combined. The average ICSEA score is 1012, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Victor Harbor LGA is moderate at 4,425 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.7% (high yield). Property prices sit below the state median ($440K/$950K), which can point to relative value. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +4.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.