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 15.07%
Comparing Bittern,3918 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Bittern is $532500, with sellers offering an average of -3.17% off the asking price.
With a capital gain of 23.14% for the last 12 months, Bittern, 3918 has performed for property investments than its average annual 11.57% property growth over the last 5 years.
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