Property value increases in Bittern have tracked higher than the VIC average of 7.80% over the last 12 months.
Bittern,3918 was ranked 1931 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Bittern should be aiming for at least -2.27% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.
Bittern, 3918’s gross rental yield is 4.37%
VIC has seen average median house prices change by 3.63% which means that Bittern, 3918 has done well for property investors by showing a capital gain of 8.73% over the last year
Property buyers and investors in Bittern 3918 should be seeing an average reduction in asking price of around -2.82% . This means that Bittern is holding prices well when compared to other suburbs in VIC.
At number 1086 in a list of fastest selling suburbs, Bittern is in the bottom 30% of suburbs in Australia with an average of days on market 95.5 for properties listed there.
Situated 61.22km from the CBD, Bittern is one of Mornington Peninsula localities in the postcode 3918.