This property is Off Market
With an average age of 59, households expect an average monthly mortgage payment of $1,196 or a weekly rent payment of $325. The average family earns a weekly income of $1,296 with a typical household size of 2.2 and a 93.05% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Encounter Bay is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Encounter Bay provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Encounter Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 3%)
Victor Harbor a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
21 / 100
44 / 100
Industry
32 / 100
34 / 100
Population
41 / 100
37 / 100
House Prices
56 / 100
62 / 100
Jobs
26 / 100
33 / 100
Incidents Trend State Average
Goolwa Primary School
Goolwa, SA, 5214 State R-7
Mount Compass Area School
Mount Compass, SA, 5210 State R-12
Investigator College
Victor Harbor, SA, 5211 Independent R-12
Myponga Primary School
Myponga, SA, 5202 State R-7
Port Elliot Primary School
Port Elliot, SA, 5212 State R-7
Yankalilla Area School
Yankalilla, SA, 5203 State R-12
Encounter Lutheran College
Victor Harbor, SA, 5211 Independent R-12
Victor Harbor R-7 School
Victor Harbor, SA, 5211 State U, R-7
Victor Harbor High School
Victor Harbor, SA, 5211 State U, 8-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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