Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $512,000, Annual capital growth 6.70%, Number of sales 185, Weekly median advertised rent $370

Hastings Unit: Median price $425,000, Annual capital growth 6.81%, Number of sales 39, Weekly median advertised rent $325

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

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%.

Metrics i HOUSE UNIT
$512,000 $425,000
-0.39% -3.13%
4.49% 19.72%
6.70% 6.81%
$370 $325
185 39
3.76% 3.98%
49.8 37.67

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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