Bittern

Bittern is a suburb with a population of 4,276 residents. The age group with the highest representation is those aged between 45 to 64 years. The median household income weekly is $1,615, and the suburb has a mix of occupations, with a notable presence of professionals, technicians and tradesworkers, and managers. Commuting mainly occurs by motor vehicle, followed by working from home. The suburb has a low social housing ratio and a low vacancy rate. For Houses, Bittern presents a good opportunity for investors interested in high-value properties, with a median price above $992,000. The suburb has shown a strong median growth rate for houses over the last 10 years. With a sale price IQR ratio of 45.4%, it may attract renovators looking for properties to improve. For Units, although the sale price median is lower, there is potential for steady rental income, as indicated by the yield median of 4.2%. The suburb has a low vacancy rate for units, which is a positive sign for investors. Bittern, a suburb with a diverse demographic mix, offers investment opportunities for both house and unit buyers. The area's strong median growth rates suggest potential capital appreciation for investors, while the low vacancy rates indicate good rental demand. Homeowners seeking a high-value property in a peaceful neighbourhood may find Bittern to be an attractive choice. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022