Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $380,000, Annual capital growth 6.46%, Number of sales 182, Weekly median advertised rent $320

Hastings Unit: Median price $305,000, Annual capital growth 4.49%, Number of sales 58, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Hastings, 3915 have given investors a capital gain of 8.57%. This compares averagely with the 8.13% for VIC as a whole.

Across a shorter period, Hastings, 3915 has seen a median price increase of 1.33% over the last quarter.

Property buyers and investors in Hastings 3915 should be seeing an average reduction in asking price of around -5.26% . This means that Hastings is holding prices well when compared to other suburbs in VIC.

With the median price for a house in Hastings being $380000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.38%

VIC has seen average median house prices change by 3.56% which means that Hastings, 3915 has done well for property investors by showing a capital gain of 5.17% over the last year

Comparing Hastings,3915 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Hastings is $305000, with sellers offering an average of -5.95% off the asking price.

In the last year 58 properties changed hands in Hastings, which puts it as the 156th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

HOUSE UNIT
$380,000 $305,000
1.33% -0.33%
8.57% 5.17%
6.46% 4.49%
$320 $280
182 58
4.38% 4.77%
59.87 105.45

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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