Hastings vs Paaratte
Property investment comparison - Hastings, VIC 3915 vs Paaratte, VIC 3268
Head-to-head across core investment metrics: Hastings wins 2, Paaratte wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Hastings | Paaratte |
|---|---|---|
| Median house price | $730K | $730K |
| Median unit price | $590K | - |
| Gross rental yield (houses) | 4.13% | 3.23% |
| Gross rental yield (units) | 4.70% | - |
| 1-year house growth | +5.7% | - |
| 3-year house growth | +2.2% | - |
| Vacancy rate | 0.5% | 2.9% |
| Population | 10,369 | 36 |
Hastings vs Paaratte: what the numbers say
Houses cost about the same in both suburbs: the median house price is $730K in Hastings and $730K in Paaratte.
On cash flow, Hastings leads: houses there return a gross rental yield of 4.13%, compared with 3.23% in Paaratte, a gap of 0.90 percentage points.
Rental vacancy is 0.5% in Hastings and 2.9% in Paaratte, so landlords in Hastings face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Hastings is the bigger suburb, with a population of 10,369 against 36, roughly 288 times the size of Paaratte; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Hastings for rental income, Hastings for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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