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Hastings, VIC 3915

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Hastings, VIC 3915 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Hastings, VIC 3915”

  1. The total adult population (15 years or older) of Hastings 3915 VIC is 8,469, with a median age of 41. Of those, 38.19% are married, 17.09% are divorced or separated, 37.74% are single and 7.05% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,092. The median monthly mortgage repayment for households in this suburb is $1,687 which is 27.69% of their earnings.

    Source: ABS Census Data (2021)

  2. Text:

    Situated within the state of Victoria, the suburb of HASTINGS 3915 is home to approximately 5905 households, painting a picture of a vibrant and bustling community. As we explore the property landscape in the locale as of Q3 2023, houses in HASTINGS typically trade for around $757,007. With a median weekly rent of $477, this translates to an indicative yield of a favourable 3.28%, right above the cashflow-centric property investor’s minimum attractive market requirement.

    Looking at the socio-economic backdrop of the suburb, HASTINGS has an IRSAD score of 907 out of 1217. This score points towards decent socioeconomic circumstances in the area, including reasonable access to economic resources and a skilled workforce.

    In terms of property tenancy, the suburb displays a renter to owner ratio of 31%. This figure suggests a slightly elevated than prefered presence of rentals, but still within the safe investment threshold. Further, the units to houses ratio stands at an attractive 24%, implying a lower competition among landlords for tenants, which helps maintain higher rental yields.

    On the flip side, the affordability index for houses is quite high, clocking in at 49 years which indicates lesser affordability in the area, perhaps due to high property prices or lower median family incomes.

    When it comes to the supply side, the suburb showcases favourable indicators with a stock on market Percentage of 0.28% and an inventory level of 1.04 months, both alluding to a low supply market. Further complementing this is a Building Approval Ratio of 0.38%, which suggests a lower relative influx of new housing developments.

    In the vein of market demand, the average ‘For Sale’ listing in HASTINGS 3915 remains active for 35 days, indicative of steady demand. Complementing this data is a low vacancy rate of 0.93%, signalling high demand due to limited available rental properties in the area. However, the buy search index for houses is on the lower side, measuring at 3, which may point to lesser interest from potential home buyers.

    The data for HASTINGS 3915 in Q3 2023 paints an interesting trend of good yields, low supply signals and steady (though not very high) demand indicators, suggesting it could be an opportunity for investors on the lookout for cash-flow positive properties. As always, it’s essential to stay informed and vigilant, as property market conditions can fluctuate. Transparency, insights, and the power of data-driven decisions can make all the difference in property investing. The HtAG Analytics’ Relative Composite Score (RCS) could be a great tool to have in your arsenal for these pursuits, condensing over 80 important metrics into once composite result for easy understanding and analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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