Suburb Profile Report for Bittern VIC (3918)

Bittern House: Median price $490,000, Annual capital growth 5.56%, Number of sales 59, Weekly median advertised rent $380

Bittern Unit: Median price $425,000, Annual capital growth 16.46%, 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

Bittern, 3918 ranked 193th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bittern is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Bittern comes in at number 408th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bittern, 3918. Typically our figures indicate that -2.99% is being offered, which puts this VIC suburb at 3506th most discounted overall in Australia.

Residents and property investors in Bittern have been waiting around 37 days to sell a property.

Bittern is 240th on a list of best yielding suburbs for rents in VIC with a 4.03% return

If you compare the increase in value of investment property in Bittern, 3918 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 20.58%.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.95% offered to property buyers. Sellers in Bittern itself are offering an average vendor discount of -3.80% to real estate investors.

Metrics i HOUSE UNIT
$490,000 $425,000
4.53% 21.43%
14.62% 20.58%
5.56% 16.46%
$380 N/A
59 13
4.03% N/A
37 104.6

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
Chart Table
Recent sales & rentals