Hastings is a well-established suburb in Victoria within the Mornington Peninsula local government area (postcode 3915). With a population of 10,369, the suburb has an established demographic with a median age of 41. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Hastings is $670,000, having declined 6.3% over the past year. Units have a median price of $538,000 (-4.2% YoY). The median weekly rent is $320 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,687.
Hastings is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 3 rail stations, 25 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Hastings offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($670K/$875K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -6.3% year-on-year.
Hastings is a well-established suburb in Victoria within the Mornington Peninsula local government area (postcode 3915). With a population of 10,369, the suburb has an established demographic with a median age of 41. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Hastings is $670,000, having declined 6.3% over the past year. Units have a median price of $538,000 (-4.2% YoY). The median weekly rent is $320 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,687.
Hastings is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 944, which is below the national average of 1,000. Public transport access includes 3 rail stations, 25 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Hastings offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($670K/$875K). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -6.3% year-on-year.