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 7.02% growth over a ten-year period. It ranks 949th 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 22.29% for the past year, which is higher than average compared to its 53.32% growth within a five-year period.
With the median home price in HASTINGS sitting at $507,500, and the average rent at $350, property owners could potentially earn a 3.59% 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 22.29% 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 77th.
Homeowners and real estate investors betting on HASTINGS, 3915 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 26.48%.
A steady increase in median property prices over a five-year period in HASTINGS, 3915 translates to a 33.02% capital gain.
Property investors enjoyed capital gains of 26.48% over the last 12 months in HASTINGS, translating to lower returns compared with its peers in VIC.
HASTINGS, 3915 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $385,750.
Profits due to an upward trend in home prices in HASTINGS, 3915 averaged 11.01% per annum over a 3-year period.
Home owners selling their properties and realtors in HASTINGS usually have to wait an average of 47.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.04% increase in returns based on the current median price in HASTINGS.
HASTINGS, 3915 places 56th in Australia based on median property value growth during the quarter.