VIC has seen average median house prices change by 7.88% which means that Bittern, 3918 has done well for property investors by showing a capital gain of 26.28% over the last year
A 63.58% growth in median value for property investors in Bittern,3918 puts this suburb at number 24th in terms of best performing suburbs in VIC
Bittern, 3918 is offering VIC ‘s 557th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
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 12.65%.
When looking at the potential capital gains offered to property investors over the last 3 years, Bittern comes in at number 12th in VIC.
In the last year 12 properties changed hands in Bittern, which puts it as the 360th most active market in VIC when comparing the number of sales per suburb.
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