Property value increases in Hastings have tracked just lower than the VIC average of -0.15% over the last 12 months.
Over the longer term, Hastings has seen property prices show investors a 29.33% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Hastings should be aiming for at least -8.43% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of Hastings, 3915 is in the Mornington Peninsula (S) local government area.
At number 1433th in the list of Australian suburbs ordered by increase in median house value over the last year, Hastings, 3915 is in the BOTTOM 10% with a property value increase of -17.92% recorded in median house prices.
Hastings,3915 was ranked 1479 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hastings, 3915. Typically our figures indicate that -6.12% is being offered, which puts this VIC suburb at 550th most discounted overall in Australia.
A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at 5.72%.