Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
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 6.49% growth over a ten-year period. It ranks 1151st on our list of suburbs that property investors should look into.
BITTERN, 3918 in VIC belongs to the local government area of Mornington Peninsula.
BITTERN, 3918 has a capital gain of 19.59% for the past year, which is higher than average compared to its 50.26% growth within a five-year period.
With the median home price in BITTERN sitting at $580,000, and the average rent at $400, property owners could potentially earn a 3.59% 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 19.59% 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 92nd.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | $475,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.45% | 9.2% |
| Median 12 month | 19.59% | 18.75% |
| Median 3 years | 54.67% | 53.23% |
| Median 5 years | 50.26% | 40.74% |
| 10 years average annual | 6.49% | 15.32% |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 46.7 days | 0.0 days |
| Gross Rental Yield Percent | 3.59% | N/A |
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