Suburb Profile Report for Bittern VIC (3918)

Bittern House: Median price $440,750, Annual capital growth 6.28%, Number of sales 48, Weekly median advertised rent $350

Bittern Unit: Median price $380,000, Annual capital growth 20.63%, Number of sales 19, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Bittern is in the TOP 20% in VIC when comparing median price capital growth over the last year. Bittern gave property investors a very good capital gain figure when compared to the rest of the state, with 16.75%.

Bittern,3918 has offered an average of 16.75% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Bittern itself are offering an average vendor discount of -2.04% to real estate investors.

Situated 61.39km from the CBD, Bittern is one of Mornington Peninsula localities in the postcode 3918.

Bittern has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.63% to date .

Bittern,3918 has offered an average of 20.63% return per annum in house price rises to property investors over the last three years.

Bittern, 3918 is offering VIC ‘s 288th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

HOUSE UNIT
$440,750 $380,000
0.97% 8.57%
16.75% 20.63%
6.28% 20.63%
$350 N/A
48 19
4.13% N/A
48.68 115.18

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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