Suburb Profile Report for Bittern VIC (3918)

Bittern House: Median price $483,000, Annual capital growth 5.71%, Number of sales 56, Weekly median advertised rent $385

Bittern Unit: Median price $350,000, Annual capital growth 4.50%, Number of sales 11, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Bittern is in the TOP 10% in VIC when comparing median price capital growth over the last year. Bittern gave property investors a very good capital gain figure when compared to the rest of the state, with 23.85%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bittern has increased when compared to the 5 year average annual rate.

Vendor discounting in Bittern is giving property investors an average Vendor Discount of around -3.46%. This puts suburb at number 541th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Bittern the average time real estate has been on the market is 40.38 days.

Over the last year, property investments in Bittern, 3918 have given investors a capital gain of -3.44%. This compares very badly with the 4.26% for VIC as a whole.

If we look at median property appreciation over just the last three months, Bittern has given property investors a paper return of 2.94%. This puts Suburb as 98 on a list of fastest fasting appreciating suburbs in VIC

At number 287th of VIC’s most discounted properties, Bittern is in the TOP 20% of the state/territory when listing in order of most discounted to least.

In the last year 11 properties changed hands in Bittern, which puts it as the 379th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$483,000 $350,000
4.09% 2.94%
23.85% -3.44%
5.71% 4.50%
$385 N/A
56 11
4.14% N/A
40.38 105.36

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
Find a mortgage broker in Bittern VIC
Demographics
Total population 3378
Median household income ($/weekly) 1284
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 540 16.0
    25-34 years 328 9.7
    35-44 years 522 15.5
    45-54 years 554 16.4
    55-64 years 391 11.6
    Others 1043 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 1336 55.3
    Not Married 801 33.2
    Defacto Relationship 279 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2753 85.3
    New Zealand 27 0.8
    Papua New Guinea 34 1.1
    United Kingdom 304 9.4
    Other 28 0.9
    Others 80 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1814 59.7
    No Religion 1174 38.7
    Other Religious Groups 22 0.7
    Buddhism 20 0.7
    Judaism 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 107 10.4
    $1,000-$1,249 105 10.2
    $1,250-$1,499 111 10.8
    $1,500-$1,999 163 15.8
    $2,000-$2,499 103 10.0
    Others 440 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 993 39.3
    Not in the labour force 807 32.0
    Employed, worked part-time 550 21.8
    Employed, away from work 91 3.6
    Unemployed, looking for work 84 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 178 10.9
    Professionals 215 13.2
    Technicians & trades workers 379 23.2
    Clerical & administrative workers 210 12.9
    Sales 187 11.5
    Others 464 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 63 7.4
    Infants/Primary 344 40.3
    Secondary 263 30.8
    Technical or Further Educational Institution 98 11.5
    University or other Tertiary Institutions 68 8.0
    Others 17 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3039 95.9
    Flat, unit or apartment 97 3.1
    Semi-detached, row or terrace house, townhouse 29 0.9
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 641 57.0
    Fully owned 343 30.5
    Rented 135 12.0
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals