Hastings, 3915 ranked 337th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hastings is one of 2099 in our list for VIC
A 47.34% growth in median value for property investors in Hastings,3915 puts this suburb at number 384th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Hastings are currently offering property investors an average price cut of -5.83% below the asking price at the moment.
Advertised rents are around the $370 mark per week – giving a return of 3.76% based on the median price in Suburb
Over the last year, property investments in Hastings, 3915 have given investors a capital gain of 19.72%. This compares very favourably with the 2.97% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hastings has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Hastings should be aiming for at least -4.98% off the asking price, which is the average vendor discount being achieved at the moment.
A $325 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 6.81%.