Hastings

Hastings, VIC 3915 is a growing suburb with a diverse age demographic, including a significant population of young adults and middle-aged residents. The median weekly household income is moderate, and most residents commute using motor vehicles. The suburb offers various commuting options, with a good proportion working from home. Occupations in demand include technicians and trades workers, professionals, and managers. For house investors, the suburb offers a good yield with a high market absorption rate and room demand-supply ratio. The sale price growth has been consistent over the years, making it attractive for long-term investment. For unit investors, the high rental yield, steady growth, and low vacancy rate make it a promising investment opportunity. The suburb also has a stable social housing ratio, indicating a balanced property market. Hastings, VIC 3915 presents a mix of housing options suitable for both homeowners and investors. The suburb's affordability index, along with the growth trends, makes it an appealing choice for those looking to enter the property market or expand their investment portfolio. With strong demand for both houses and units, Hastings has the potential for solid returns in the long term. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022