Hastings has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.78% to date .
Hastings,3915 was ranked 673 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Hastings are currently offering property investors an average price cut of -7.41% below the asking price at the moment.
Often selling an investment property can take time, and in Hastings the average time real estate has been on the market is 62.8986 days.
Advertised rents are around the $385 mark per week – giving a return of 3.94% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -2.82% for the last year, Hastings, 3915 is the 1009th highest performer in Australia in this respect.
Across a shorter period, Hastings, 3915 has seen a median price increase of 1.25% over the last quarter.
Vendor discounting in Hastings is giving property investors an average Vendor Discount of around -5.88%. This puts suburb at number 119th in VIC when ranking the most discounted suburbs.