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Bittern, VIC 3918
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,050,000
market range $925K-$1.1M
Median Unit
$720,000
market range $675K-$800K
Gross Yield (houses)
3.3%
1yr Growth (houses)
-2.9%
market range -10.0% to +7.5%
Investment snapshot for Bittern
Bittern has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bittern market and investor summary
In Bittern, VIC 3918, the median house sells for around $1.1M, on a gross rental yield of 3.3% for houses. House prices have moved -2.9% over the past year. At 0.4% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Bittern: people, income and schools
Bittern has a resident population of roughly 4,276, a number that has held fairly steady over five years. At a median age of 46, it reads as skewed a little older, and 83% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $84,000 a year (about $1,620 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
Families have 9 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Bittern sits about 61 km from the CBD. It is fairly car-dependent; the suburb scores 18 for walkability and 12 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 4,276
- -2% over 5yr
- Median age
- 46 years
- Median household income
- $84,000/yr
- Households renting
- 12%
- Family households
- 76%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 9
- avg ICSEA 963
- Unemployment
- 4.7%
- Distance to CBD
- 61 km
- Walk score
- 18/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bittern
No properties currently listed in Bittern
Search Bittern listings →Frequently asked questions about Bittern
What should I check before investing in Bittern?
Bittern has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bittern?
The median property price in Bittern, VIC 3918 is $1.1M for houses and $720K for units.
What rental yield does Bittern show?
The gross rental yield in Bittern is 3.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Bittern?
House prices in Bittern are down 2.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Bittern?
The current vacancy rate in Bittern is 0.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Bittern?
Bittern has a population of approximately 4,276 residents, with a median age of 46.
What schools are near Bittern?
There are 9 schools within roughly 5km of Bittern. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bittern affordable to buy in?
A median house in Bittern costs about 12.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Bittern's population growing?
The population of Bittern has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Bittern from the CBD?
Bittern is about 61 km from the CBD.
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