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Bannockburn, VIC 3331
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$830,000
market range $725K-$900K
Median Unit
$550,000
list-price estimate
Gross Yield (units)
3.7%
1yr Growth (houses)
+8.0%
market range -5.0% to +17.5%
Investment snapshot for Bannockburn
Bannockburn has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bannockburn market and investor summary
In Bannockburn, VIC 3331, the median house sells for around $830K. House prices have moved +8.0% over the past year. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking. Houses also take time to sell, around 131 days on market, so plan for a slower exit if you ever need one.
Living in Bannockburn: people, income and schools
Bannockburn has a resident population of roughly 6,470, and the area has been growing steadily, up about 11% over five years. At a median age of 35, it reads as broadly working-age, and 87% 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 $107,000 a year (about $2,060 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 about 7.8 times local household income, in line with much of metropolitan Australia. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Bannockburn sits about 74 km from the CBD. It is fairly car-dependent; the suburb scores 25 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,470
- +11% over 5yr
- Median age
- 35 years
- Median household income
- $107,000/yr
- Households renting
- 11%
- Family households
- 86%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1008
- Unemployment
- 2.5%
- Distance to CBD
- 74 km
- Walk score
- 25/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bannockburn
View all →Frequently asked questions about Bannockburn
What should I check before investing in Bannockburn?
Bannockburn has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.0% in the past year shows positive recent price momentum. Tight rental market (1.8% 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 Bannockburn?
The median property price in Bannockburn, VIC 3331 is $830K for houses.
What rental yield does Bannockburn show?
The gross rental yield in Bannockburn is 3.7% for units. 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 Bannockburn?
House prices in Bannockburn are up 8.0% 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 Bannockburn?
The current vacancy rate in Bannockburn is 1.8%. 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 Bannockburn?
Bannockburn has a population of approximately 6,470 residents, with a median age of 35.
What schools are near Bannockburn?
There are 2 schools within roughly 5km of Bannockburn. 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 Bannockburn affordable to buy in?
A median house in Bannockburn costs about 7.8 times the median local household income (broadly in line with metropolitan Australia). 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 Bannockburn's population growing?
The population of Bannockburn has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Bannockburn from the CBD?
Bannockburn is about 74 km from the CBD.
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