VIC/
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 5.42% growth over a ten-year period. It ranks 1384th 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 14.67% for the past year, which is higher than average compared to its 34.04% growth within a five-year period.

With the median home price in BITTERN sitting at $537,500, and the average rent at $390, property owners could potentially earn a 3.77% 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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $537,500 $430,000
GROWTH REPORT
Median Quarterly 2.63% N/A
Median 12 month 14.67% 24.64%
Median 3 years 41.45% N/A
Median 5 years 34.04% N/A
10 years average annual 5.42% 10.91%
Weekly media advert. rent $390 N/A
Time on Market 42.8 days 0.0 days
Gross Rental Yield Percent 3.77% N/A
demographics (median values)
Total Population
3149
Weekly Household Income
1104
Household Size
2.90
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Bittern, VIC
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