With a capital gain of 9.45% for the last 12 months, Hastings, 3915 has performed for property investments than its average annual 5.98% property growth over the last 5 years.
While Hastings,3915 ranked number 396th in VIC for increase in median house value (annualised) increase, it is ranked 446th over the last 5 years.
Hastings3915 is located in VIC which offers an average discount of -5.41% to property investors. Hastings itself is showing figures that indicate -4.14% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Hastings have been waiting around 42.43 days to sell a property.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
Over the last year, property investments in Hastings, 3915 have given investors a capital gain of 6.55%. This compares averagely with the 4.90% for VIC as a whole.
If we look at median property appreciation over just the last three months, Hastings has given property investors a paper return of 3.93%. This puts Suburb as 87 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 -4.83. This rate of discount on properties puts Suburb at number 210th in terms of most discounted suburbs in VIC
With the median price for a house in Hastings being $317000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 4.84%