Victor Harbor’s demand is anchored in an affordable coastal lifestyle that still draws retirees, remote workers and families priced out of Adelaide, while post-pandemic tourism and infrastructure stories keep buyers active in the Fleurieu economy. Price momentum remains positive, with house medians near $765k and units around $520k, up roughly 14–18% year-on-year and stable through the most recent six-month window as listings stay scarce. Risks include the tourism-heavy local economy and limited new stock, yet growth opportunities persist via solid rental yields of about 3.8–4.3% and continuing lifestyle migration that could sustain balanced appreciation.