Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $417,000, Annual capital growth 5.98%, Number of sales 222, Weekly median advertised rent $340

Hastings Unit: Median price $317,000, Annual capital growth 3.83%, Number of sales 77, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$417,000 $317,000
1.97% 3.93%
9.45% 6.55%
5.98% 3.83%
$340 $295
222 77
4.24% 4.84%
42.43 98.55

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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