Investment property in Bittern has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.32%
Bittern,3918 was ranked 1188 in Australia by increase in median property value over the quarter.
At number 589th of VIC’s most discounted properties, Bittern is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
Situated 61.25km from the CBD, Bittern is one of Mornington Peninsula localities in the postcode 3918.
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