The Hastings Vic property forecast for 2026–2027 points to continued moderate price growth, supported by infrastructure investment, population movement from Melbourne’s inner suburbs, and persistently tight rental vacancy rates on the Mornington Peninsula. Median house values in Hastings sit well below the broader Melbourne median, making the suburb one of the more accessible entry points for both owner-occupiers and investors in Victoria’s south-east corridor.

What Is the Short Answer on the Hastings Vic Property Forecast?

Hastings (postcode 3915) sits at the northern tip of the Mornington Peninsula, approximately 55 kilometres south-east of Melbourne’s CBD. After a period of post-pandemic correction through 2023 and into 2024, Hastings values have stabilised and begun a measured recovery. According to CoreLogic data for early 2026, the median house price in Hastings is approximately $680,000 to $720,000, representing a notable discount of roughly 30–35% below the Greater Melbourne median of around $1,000,000.

Herron Todd White’s (HTW) monthly property clock for regional Victoria in their 2025 and early 2026 reports positioned the Mornington Peninsula — including Hastings — in the “rising market” to “approaching peak” phase, indicating that buyer confidence has returned but that meaningful value headroom still exists for 2026 entrants. HTW consistently flags infrastructure-driven catchments as the ones most likely to sustain growth momentum through interest rate uncertainty, and Hastings qualifies on several of those criteria.

For a broader state-by-state picture, the property market forecast for Australia 2026–2030 explores how regional affordability corridors are increasingly drawing buyers priced out of capital city markets.

What Do the Numbers Say About Hastings Vic Property?

Grounding the hastings vic property forecast in hard data is essential before making any investment or purchasing decision. Here is what the most recent figures indicate:

Median Prices and Historical Growth

• Median house price (2026): approximately $680,000–$720,000 (CoreLogic, Q1 2026)
• 10-year compound annual growth rate: approximately 5.8% per annum for houses in the Mornington Peninsula LGA (CoreLogic historical data)
• Median unit/apartment price: approximately $430,000–$470,000, offering a lower entry point for investors
• Median days on market: around 42 days as of early 2026, down from 58 days in mid-2023, signalling improving demand (SQM Research)

Rental Market and Vacancy Rates

• SQM Research’s latest figures show the Mornington Peninsula vacancy rate hovering near 1.2% — well below the 3% threshold generally considered a balanced market
• Median weekly rent for houses in Hastings is approximately $420–$450 per week, translating to a gross rental yield of roughly 3.2–3.5%
• Units are delivering slightly higher yields in the 3.8–4.2% range, which is competitive for a coastal-adjacent Victorian suburb

Population and Demand Drivers

According to the 2021 ABS Census and subsequent Mornington Peninsula Shire Council growth projections, the peninsula’s population is forecast to grow by approximately 18,000 residents between 2021 and 2036. Hastings, as one of the more affordable nodes on the peninsula, is absorbing a disproportionate share of that growth. The completion of the Frankston rail corridor upgrades and ongoing road improvements along the Nepean Highway have also reduced effective travel times to Melbourne, broadening Hastings’ appeal to commuter households.

What Are the Key Considerations for Investing in Hastings Vic?

Buyers researching investing in Hastings Vic should weigh the following factors carefully before committing. No single data point tells the complete story.

Positive Drivers Worth Noting

1. Relative affordability: With a median house price roughly $300,000 below Melbourne’s median, Hastings attracts first-home buyers, downsizers, and investors who have been priced out of inner suburbs.
2. Infrastructure pipeline: The Victorian Government’s continued investment in the Frankston and Baxter line, plus the Port of Hastings Development Authority’s long-term planning, adds employment-led demand to the area.
3. Lifestyle appeal: Waterfront access, proximity to Western Port Bay, and a growing café and retail precinct on High Street are drawing lifestyle buyers who previously looked only at Mornington or Rosebud.
4. Low vacancy driving rental confidence: A sub-1.5% vacancy rate means investors can expect short leasing periods and relatively stable rental income — critical in a higher interest rate environment.

Risks and Constraints to Consider

• Interest rate sensitivity: The RBA’s cash rate trajectory through 2026 remains a key variable. While rate cuts were expected through 2025, any pause or reversal could soften buyer borrowing capacity and dampen price momentum.
• Supply risk: Several medium-density developments are in the Mornington Peninsula Shire pipeline. An oversupply of units in particular could compress yields if not absorbed by population growth.
• Flood and coastal risk overlays: Parts of Hastings near Western Port Bay carry flood mapping overlays that can affect insurability and resale appeal. Buyers should conduct due diligence on specific titles.
• Price ceiling compared to prestige peninsula suburbs: Hastings does not carry the brand premium of suburbs like Mount Martha or Portsea. Capital growth projections, while solid, are unlikely to match the top end of the peninsula.

If you are comparing interstate opportunities, the Melbourne property forecast and the Brisbane property forecast 2026 provide useful benchmarks for understanding how Hastings fits within the national investment picture.

What Are the Property Forecasts for Hastings Vic in 2026–2027?

Drawing on published outlooks from HTW, CoreLogic, and independent research groups, the following represents a grounded view of property forecasts for Hastings Vic over the next 12–24 months. These are attributed projections, not guarantees.

House Price Growth Outlook

HTW’s 2026 Residential Property Prospects report identifies the Mornington Peninsula as a market likely to record price growth in the 3–6% range over 2026, driven by constrained supply and ongoing demand from Melbourne’s south-eastern growth corridor. Applied to Hastings’ current median of approximately $700,000, this implies a potential median of $721,000 to $742,000 by end of 2026, and potentially $740,000 to $790,000 by late 2027 if growth momentum holds.

Unit and Apartment Outlook

Units are forecast to track similarly but may face mild headwinds if new supply enters the market. CoreLogic’s Mornington Peninsula unit data shows a 10-year average annual growth rate of approximately 4.2%, slightly below houses — a pattern likely to persist through 2026–2027 given the development pipeline.

Rental Yield Forecast

With vacancy rates expected to remain below 2% through 2026 (SQM Research), rents are likely to rise modestly — around 3–5% per annum — which would keep gross yields relatively stable even as capital values improve. This is a positive signal for buy-and-hold investors in the hastings vic property market.

How Does Collings Real Estate Help Buyers and Investors in Hastings Vic?

Collings Real Estate brings decades of experience in Victorian property markets, with a reputation built on transparent advice and deep local knowledge. Whether you are purchasing your first home in Hastings, adding to an investment portfolio, or exploring off-market properties before they hit the public portals, the Collings team can provide data-backed guidance tailored to your goals.

Through the Collings off-market property portal, registered buyers gain early access to properties that never reach the major listing platforms — a significant advantage in a low-inventory market like Hastings. Signing up is straightforward and gives you a genuine edge when stock is tight.

Our strategists take a whole-of-market view. They will walk you through suburb-level data, help you stress-test a purchase against different interest rate scenarios, and connect you with the right professionals — from conveyancers to building inspectors — to make your transaction as smooth as possible.

Ready to explore your options in Hastings or anywhere on the Mornington Peninsula? Talk to a Collings property strategist today.

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Office: 230 Waterdale Road, Ivanhoe, VIC 3079

Frequently Asked Questions About the Hastings Vic Property Forecast

What is the median house price in Hastings Vic in 2026?

Based on CoreLogic data for early 2026, the median house price in Hastings VIC is approximately $680,000 to $720,000. This represents a significant discount to the Greater Melbourne median of around $1,000,000.

Is Hastings Vic a good place to invest in property?

Hastings offers a combination of relative affordability, low vacancy rates (approximately 1.2% per SQM Research), and solid long-term growth averaging around 5.8% per annum over the past decade. It is considered a viable option for investors seeking yield and moderate capital growth, though buyers should conduct thorough due diligence on specific sites and flood overlays.

How much will property prices grow in Hastings in 2026–2027?

HTW’s 2026 residential outlook forecasts Mornington Peninsula growth of 3–6% for 2026. Applied to Hastings, this implies a potential median house price of $721,000 to $742,000 by end of 2026, rising further to $740,000–$790,000 by late 2027 if conditions hold.

What is the rental vacancy rate in Hastings Vic?

SQM Research’s latest figures place the Mornington Peninsula vacancy rate at approximately 1.2%, well below the 3% balanced-market threshold. This tight rental market supports strong rental demand and low periods of vacancy for investment properties in Hastings.

How does Collings Real Estate help buyers in Hastings Vic?

Collings provides suburb-level data analysis, access to off-market properties through its dedicated portal, and one-on-one guidance from experienced property strategists. Buyers can contact the team on 03 9486 2000 or via info@collings.com.au for personalised advice.

Related Posts

• brighton vic property forecast