Bittern

Suburb Profile

Bittern - FREE SUBURB PROFILE REPORT

POSTAL CODE: VIC,3918

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Based on its average 5-year and quarterly capital gains BITTERN, 3918 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BITTERN, 3918 obtained a 7.56% growth over a ten-year period. It ranks 741st on our list of suburbs that property investors should look into.

BITTERN, 3918 in VIC belongs to the local government area of Mornington Peninsula (S).

BITTERN, 3918 has a capital gain of 24.52% for the past year, which is higher than average compared to its 60.47% growth within a five-year period.

With the median home price in BITTERN sitting at $647,500, and the average rent at $420, property owners could potentially earn a 3.37% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BITTERN are low, as opposed to average gains per annum over the past five years.

A 24.52% increase in median property prices in BITTERN, 3918 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 33rd.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$647,500	$495,000
GROWTH REPORT
Median Quarterly	4.86%	N/A
Median 12 month	24.52%	23.75%
Median 3 years	70.39%	38.46%
Median 5 years	60.47%	47.76%
10 years average annual	7.56%	8.89%
Weekly media advert. rent	$420	$350
Time on Market	43.9 days	0.0 days
Gross Rental Yield Percent	3.37%	3.68%