Bittern is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3918). With a population of 4,276, the suburb has a mature demographic with a median age of 46. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Bittern is $830,000, having dipped slightly 2.4% over the past year. Units have a median price of $601,000 (-14.9% 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 7,089 incidents per 100,000 population.
From an investment perspective, Bittern offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($830K/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -2.4% year-on-year.
Bittern is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3918). With a population of 4,276, the suburb has a mature demographic with a median age of 46. Households earn a median income of $84K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Bittern is $830,000, having dipped slightly 2.4% over the past year. Units have a median price of $601,000 (-14.9% 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 7,089 incidents per 100,000 population.
From an investment perspective, Bittern offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($830K/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved -2.4% year-on-year.