VIC/
Hastings

Suburb Profile

Hastings - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3915

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Based on its average 5-year and quarterly capital gains HASTINGS, 3915 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that HASTINGS, 3915 obtained a 7.06% growth over a ten-year period. It ranks 913th on our list of suburbs that property investors should look into.

HASTINGS, 3915 in VIC belongs to the local government area of Mornington Peninsula.

HASTINGS, 3915 has a capital gain of 24.22% for the past year, which is higher than average compared to its 51.52% growth within a five-year period.

With the median home price in HASTINGS sitting at $500,000, and the average rent at $350, property owners could potentially earn a 3.64% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in HASTINGS are low, as opposed to average gains per annum over the past five years.

A 24.22% increase in median property prices in HASTINGS, 3915 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 65th.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $500,000 $372,500
GROWTH REPORT
Median Quarterly 5.12% 6.43%
Median 12 month 24.22% 22.53%
Median 3 years 42.86% 30.02%
Median 5 years 51.52% 34.23%
10 years average annual 7.06% 5.33%
Weekly media advert. rent $350 $310
Time on Market 24.2 days 50.5 days
Gross Rental Yield Percent 3.64% 4.33%
demographics (median values)
Total Population
6884
Weekly Household Income
649.9
Household Size
2.40
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Hastings, VIC
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