Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $390,000, Annual capital growth 7.02%, Number of sales 191, Weekly median advertised rent $330

Hastings Unit: Median price $305,000, Annual capital growth 4.27%, Number of sales 71, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Hastings have tracked close to the VIC average of 7.68% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Hastings comes in at number 418th in VIC.

At number 402th of VIC’s most discounted properties, Hastings is in the TOP 40% of the state/territory when listing in order of most discounted to least.

In the last year 191 properties changed hands in Hastings, which puts it as the 114th most active market in VIC when comparing the number of sales per suburb.

Hastings, 3915’s gross rental yield is 4.40%

At number 812th in the list of Australian suburbs ordered by increase in median house value over the last year, Hastings, 3915 is in the top half with a property value increase of 3.39% recorded in median house prices.

Hastings,3915 was ranked 934 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Hastings is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 145th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.

Hastings, 3915’s gross rental yield is 4.77%

HOUSE UNIT
$390,000 $305,000
2.90% 0.00%
8.33% 3.39%
7.02% 4.27%
$330 $280
191 71
4.40% 4.77%
57.91 94.59

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 8685
Median household income ($/weekly) 844
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1102 12.7
    25-34 years 1147 13.2
    35-44 years 1090 12.5
    45-54 years 1033 11.9
    55-64 years 1037 11.9
    Others 3277 37.7
    Age Group
    Census Count Percent(%)
    Not Married 2918 46.5
    Registered Married 2589 41.2
    Defacto Relationship 773 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6773 82.3
    New Zealand 82 1.0
    Papua New Guinea 145 1.8
    United Kingdom 806 9.8
    Other 110 1.3
    Others 314 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 0.7
    Christianity 4771 61.7
    Hinduism 18 0.2
    Other Religious Groups 50 0.6
    No Religion 2819 36.4
    Others 23 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 336 11.2
    $400-$599 496 16.5
    $600-$799 376 12.5
    $800-$999 329 10.9
    $1,500-$1,999 319 10.6
    Others 1155 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2798 42.8
    Employed, worked full-time 2067 31.6
    Employed, worked part-time 1141 17.5
    Unemployed, looking for work 281 4.3
    Employed, away from work 245 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 742 21.5
    Community & personal service workers 419 12.1
    Clerical & administrative workers 367 10.6
    Sales 390 11.3
    Labourers 519 15.0
    Others 1014 29.4
    Occupation
    Census Count Percent(%)
    Pre-school 162 9.2
    Infants/Primary 709 40.4
    Secondary 505 28.8
    Technical or Further Educational Institution 190 10.8
    University or other Tertiary Institutions 123 7.0
    Others 66 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6660 81.9
    Semi-detached, row or terrace house, townhouse 1070 13.2
    Caravan, cabin, houseboat 258 3.2
    Flat, unit or apartment 146 1.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1278 39.0
    Being purchased 1039 31.7
    Fully owned 939 28.6
    Other tenure type 25 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals