VIC has seen average median house prices change by 11.00% which means that Bittern, 3918 has done well for property investors by showing a capital gain of 13.41% over the last year
A 32.19% growth in median value for property investors in Bittern,3918 puts this suburb at number 249th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Bittern are currently offering property investors an average price cut of -2.17% below the asking price at the moment.
Bittern is 213th on a list of best yielding suburbs for rents in VIC with a 4.09% return
Despite being a little further out from Melbourne’s CBD, the rural suburb of Bittern is still attracting plenty of buyers as an affordable suburb within Western Port’s urban enclave.Full summary
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Distance doesn’t curb house price hikes
Median house price: $465,000
Three-year growth: 16.25%
Rental yield: 4.25%
Despite being a little further out from Melbourne’s CBD, the rural suburb of Bittern is still attracting plenty of buyers as an affordable suburb within Western Port’s urban enclave.
This is evidenced by the suburb’s nigh-22% increase in house prices over the past 12 months, resuming a five-year trend of positive growth. While the value hike over the March 2017 quarter was slighter at just 0.49%, the suburb still boasts a strong average annual growth rate of almost 7%.
Bittern is about 10 minutes away from Balnarring Beach, and just over an hour’s drive from Melbourne. The suburb itself is home to a primary school and a stadium for sports like basketball and netball. Bittern railway station is part of the Stony Port line, while buses run to and from Frankston Station.Close