We put the Hastings house median at $731,000 over the last 12 months, up 8.3%. One of the cheaper Mornington Peninsula entries, with rents tightening and stock moving.
| Key figure | Value | Source |
|---|---|---|
| Median house price (12 months) | $731,000 | PropertyValue, Aug 2026 |
| Price change | +8.3% | PropertyValue |
| Days on market (avg) | 45 | PropertyValue |
| Median rent (new bonds) | $503/wk | DFFH, Sep 2025 |
| Median rent (advertised) | $565/wk | PropertyValue, Aug 2026 |
| Gross rental yield | 4.0% | PropertyValue |
| Dwelling approvals (5yr avg) | ~52/year | ABS via Districts |
Hastings sits on Western Port, about 58 km south-southeast of the Melbourne CBD. For the full data set, see the Hastings suburb profile.
Hastings is still one of the cheaper Peninsula entries
The $731,000 median ranks 441st among Victorian suburbs. On the Mornington Peninsula, where median prices climb steeply as you move north, Hastings remains a more accessible entry point.
An 8.3% rise on a $731,000 median implies the median a year earlier was roughly $675,000. That is a derived figure, not a recorded one.
Stock is turning over, not accumulating
| Measure | Value | Source |
|---|---|---|
| Properties sold, last 12 months | 150 | PropertyValue |
| Average days on market | 45 | PropertyValue |
| Average vendor discount | -3.68% | PropertyValue |
| Stock on market | 59 for sale | PropertyValue |
150 sales against 59 listings for sale points to stock turning over rather than building up. A 45-day average selling time with vendors discounting under 4% on average suggests buyers are meeting the market rather than haggling hard.
Two rent measures, both pointing up
Two rent medians exist for Hastings and they measure different things, so we do not blend them:
- $503 per week — DFFH Rental Report median, new bonds lodged, period ending September 2025, up 4.8% year on year.
- $565 per week — PropertyValue advertised-rent median, observed August 2026.
Bond-based medians lag advertised rents because they include the whole rental stock as it re-lets, not just what is listed today. Both moving up is consistent with a tightening rental market.
Gross yield holds at 4%
PropertyValue puts the gross rental yield for Hastings houses at 4.0%. At a $731,000 median and $565 advertised rent, the arithmetic checks out (about 4.0% before costs). Run your own numbers in the rental yield calculator — gross yield ignores rates, insurance, maintenance and vacancy.
A modest supply pipeline
Hastings recorded 263 dwelling approvals over the past five years — an average of about 52 a year against roughly 4,300 households. That is a modest supply pipeline. Approvals data comes from the ABS via the Districts demographics extract.
An older, owner-occupied suburb
The estimated population is 10,648 as of May 2026, up 2.7% on the 2021 Census count of 10,369. Housing is 72.8% detached houses. Tenure splits almost evenly three ways: 33.8% owned outright, 34.1% mortgaged, 32.1% rented (Census 2021). The median age is 42, with 28.3% of residents aged 65 or over.
What buying actually costs today
At the 2021 Census, the median monthly mortgage repayment in Hastings was $1,687, taking 32.5% of household income; median rent took 26.7%. Those ratios pre-date the current price level — at today's $731,000 median with today's rates, repayments on a new purchase would be materially higher. Stamp duty on a $731,000 Victorian purchase is a five-figure cost on top: work it out for your case in the stamp duty calculator.
What the data does not tell you
No unit/apartment median is recorded in this extract (apartments are only 1.4% of the stock). The DFFH rent series runs to September 2025 — more recent bond data was not available in this extract. Auction clearance rates for Hastings are not held. Where a number is missing here, Districts does not estimate one. How we handle sources is documented in our methodology.
Hastings market FAQ
Why are there two different rent figures for Hastings?
The $503 figure comes from new bonds lodged with the Victorian government (DFFH) — it covers the whole rental stock as it re-lets and lags the market. The $565 figure is what properties were actually advertised for in August 2026. Both are real; they just measure different slices of the rental market.
How does Hastings compare to other Peninsula suburbs?
At $731,000, Hastings is cheaper than most of the Mornington Peninsula. We track all Victorian suburbs with comparable data — you can sort by price, growth, yield and more.
What does 'vendor discount' mean?
The average vendor discount of -3.68% means sellers accepted 3.68% below their original asking price on average. A smaller discount (closer to zero) suggests sellers are pricing accurately and buyers are meeting the market. A larger discount suggests buyers have more leverage.
Are auctions common in Hastings?
We do not hold auction clearance rate data for Hastings. In regional and semi-rural markets, private treaty sales typically dominate over auctions. The 45-day average selling time and modest vendor discount suggest private treaty is working for both sides here.
Is Hastings a good investment?
We do not give investment advice. The data shows a 4.0% gross yield, 8.3% price growth over the last 12 months, and a modest supply pipeline. Whether that suits your strategy depends on your goals, timeline and risk tolerance. Run your own numbers in the rental yield calculator.
Compare Hastings against the rest of the state on the Victorian suburbs list.