Hayborough vs Victor Harbor

The median house price is $770K in Hayborough and $755K in Victor Harbor, so Victor Harbor is the cheaper entry point, with Hayborough houses about 2% dearer.

On cash flow, Hayborough leads: houses there return a gross rental yield of 4.08%, compared with 3.70% in Victor Harbor, a gap of 0.38 percentage points.

Over the past year house prices moved +9.7% in Hayborough and +9.0% in Victor Harbor, so recent momentum favours Hayborough, although both suburbs recorded growth.

Looking back three years, Hayborough houses are +40.5% and Victor Harbor houses +33.7%, so Hayborough has compounded faster than Victor Harbor over the longer window.

Rental vacancy is 1.4% in Victor Harbor and 3.9% in Hayborough, so landlords in Victor Harbor face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Victor Harbor is the bigger suburb, with a population of 4,520 against 2,238, roughly 2.0 times the size of Hayborough; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Hayborough for rental income, Victor Harbor for a lower purchase price, Hayborough for recent price momentum, Victor Harbor for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.