Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $428,060, Annual capital growth 6.13%, Number of sales 228, Weekly median advertised rent $340

Hastings Unit: Median price $317,000, Annual capital growth 4.13%, Number of sales 76, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Hastings is an average performer in VIC when comparing median price capital growth over the last year. Hastings gave property investors a average capital gain figure when compared to the rest of the state, with 11.91%.

If we look at median property appreciation over just the last three months, Hastings has given property investors a paper return of 3.77%. This puts Suburb as 208 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Hastings is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 271th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Hastings has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.76% to date .

Over the longer term, Hastings has seen property prices show investors a 11.23% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Hastings is giving property investors an average Vendor Discount of around -2.82%. This puts suburb at number 271th in VIC when ranking the most discounted suburbs.

Situated 56.47km from the CBD, Hastings is one of Mornington Peninsula localities in the postcode 3915.

Metrics i HOUSE UNIT
$428,060 $317,000
3.77% 3.01%
11.91% 3.76%
6.13% 4.13%
$340 $295
228 76
4.13% 4.84%
39.88 74.59

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Hastings VIC
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
Chart Table
Recent sales & rentals