Located in Victoria within the Mornington Peninsula local government area, Bittern is a smaller suburb (postcode 3918). The area has roughly 4,276 residents and an older-leaning population, with a median age of 46. Households earn a median income of $84K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Bittern is $830,000, having softened modestly by 2.4% over the past year. Units have a median price of $659,000 (+9.7% YoY). The median weekly rent is $366 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,842.
Bittern is served by 1 school, including 1 primary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 3 rail stations, 7 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 6,718 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices are near the state median ($830K/$850K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -2.4% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.