Get a property report and suburb profile for any property in Hastings

Hastings is a coastal township on Western Port Bay that mixes a working harbour with a relaxed foreshore village feel. The waterfront includes a marina, boat ramps and a wide foreshore reserve popular with anglers and walkers, while a compact High Street has cafes, seafood outlets and local shops. Housing ranges from older weatherboard cottages close to the water to more recent suburban developments inland, and the Stony Point train line links the town with Frankston.

About 10,369 people live in Hastings and the community is weighted towards couples and families — couple families with and without children make up roughly three in four families (74.8%). Around 67.8% of dwellings are owner-occupied and 32.2% rented. Several council and state projects are improving the foreshore, boating facilities and community services, there’s a revitalised recreation centre and a new seven-day bus link to Mornington, and the nearby redeveloped Peninsula University Hospital provides expanded services. Whether Hastings suits you will come down to whether practical coastal living centred on boating and outdoor recreation matches what you’re after.

On these figures for Hastings, both renting and buying sit notably above what a typical local household earned at the last Census. Average house rent of $580 a week is about 48.5% of a typical local household's weekly income at the last Census, and average unit rent of $460 a week is about 38.5%. The median house price of $695,000 works out to about 11.2 times a typical local annual household income at the last Census, while the median unit price of $595,222 is about 9.6 times.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values have been the standout in Hastings over the past 12 months, rising a strong 10.0%. House values also increased, up a solid 6.3%. On the income side, house rents rose a solid 5.5% while unit rents recorded a modest 2.2%.

Put simply, units showed the stronger capital growth this year while houses delivered the stronger rental growth. If rental income is your priority, the house rent movement is most relevant; if capital growth is your priority, the unit value change will matter more. Whether that balance suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.