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Bittern
AREA REPORTS

Bittern

Bittern - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3918

house
unit

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 8.71% growth over a ten-year period. It ranks 510th 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 19.78% for the past year, which is higher than average compared to its 78.61% growth within a five-year period.

With the median home price in BITTERN sitting at $803,750, and the average rent at $500, property owners could potentially earn a 3.23% 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.

Data report can be found below

Bittern
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $803,750 $540,000
GROWTH REPORT
Median Quarterly 8.32% 0%
Median 12 month 19.78% 5.88%
Median 3 years 24.61% 9.09%
Median 5 years 78.61% 53.2%
10 years average annual 8.71% 9.43%
Weekly media advert. rent $500 $445
Time on Market 14.5 days 57.0 days
Gross Rental Yield Percent 3.23% 4.29%
demographics (median values)*
Total Population
3705
Weekly Household Income
1449
Household Size
2.70
Age
41
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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