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 5.9% growth over a ten-year period. It ranks 1293rd 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 15.55% for the past year, which is higher than average compared to its 37.16% growth within a five-year period.
With the median home price in BITTERN sitting at $550,000, and the average rent at $400, property owners could potentially earn a 3.78% 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.
Homeowners and real estate investors betting on BITTERN, 3918 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.86%.
Property investors enjoyed capital gains of 22.86% over the last 12 months in BITTERN, translating to lower returns compared with its peers in VIC.
BITTERN, 3918 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $430,000.
Profits due to an upward trend in home prices in BITTERN, 3918 averaged 12.35% per annum over a 3-year period.
Home owners selling their properties and realtors in BITTERN usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BITTERN.