Suburb Profile Report for Hastings VIC (3915)

Hastings House: Median price $512,500, Annual capital growth 6.63%, Number of sales 216, Weekly median advertised rent $353

Hastings Unit: Median price $413,591, Annual capital growth 6.46%, Number of sales 51, Weekly median advertised rent $315

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

VIC has seen average median house prices change by 7.88% which means that Hastings, 3915 has done well for property investors by showing a capital gain of 16.48% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Hastings comes in at number 134th in VIC.

Sellers are offering property buyers an average discount of -4.77% to buyers in Hastings at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 18.00 sales per month, which equates to 216 per year.

Using the current median advertised rental of $352.5 and the average annual increase in value of a median property of 6.63%, investors should hope to achieve an overall return of 3.58%

With a capital gain of 33.85% for the last 12 months, Hastings, 3915 has performed for property investments than its average annual 6.46% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Hastings comes in at number 22th in VIC.

Hastings, 3915 is offering VIC ‘s 251th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$512,500 $413,591
0.10% 5.37%
16.48% 33.85%
6.63% 6.46%
$353 $315
216 51
3.58% 3.96%
36.73 43.79

Source: CoreLogic

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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