Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $508,500, Annual capital growth 6.13%, Number of sales 185, Weekly median advertised rent $385

Hastings Unit: Median price $405,000, Annual capital growth 5.72%, Number of sales 70, Weekly median advertised rent $350

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$508,500 $405,000
4.85% 1.25%
3.78% -2.82%
6.13% 5.72%
$385 $350
185 70
3.94% 4.49%
62.8986486486487 90.3018867924528

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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