Suburb Profile Report for Bittern VIC (3918)

Bittern House: Median price $462,500, Annual capital growth 6.84%, Number of sales 49, Weekly median advertised rent $355

Bittern Unit: Median price $380,000, Annual capital growth 8.57%, Number of sales 13, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Bittern, 3918 have given investors a capital gain of 21.71%. This compares very favourably with the 7.68% for VIC as a whole.

Comparing Bittern,3918 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Bittern3918 is located in VIC which offers an average discount of -6.04% to property investors. Bittern itself is showing figures that indicate -2.80% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Bittern the average time real estate has been on the market is 44.01 days.

Property investors should expect to get $355 weekly from the median priced house in this suburb.

Bittern is in the TOP 30% in VIC when comparing median price capital growth over the last year. Bittern gave property investors a good capital gain figure when compared to the rest of the state, with 8.57%.

The VIC suburb of Bittern, 3918 is in the Mornington Peninsula local government area.

HOUSE UNIT
$462,500 $380,000
4.93% N/A
21.71% 8.57%
6.84% 8.57%
$355 N/A
49 13
3.99% N/A
44.01 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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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
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