Bannockburn VIC 3331

Here you can find what you need to know about Bannockburn, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$500k Median Sale Price (National Average $485k) 455th In VIC
11.36% Median Price Change (1 yr) (National Average 4.30%) 145th In VIC
$415pw Median Rent (National Average $395) 291st In VIC
4.3% Median Gross Yield (National Average 4.24%) 146th In VIC
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Properties sold 64
Average discounting -2.64%
Average Days on Market 35
Stock on Market 17 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Bannockburn, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Bannockburn, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Bannockburn, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Bannockburn


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State Auction Clearance Rates - June 2019

Auctions Clearance rate
VIC 635 69%
ACT 41 56%
NSW 558 61%
NT 7 0%
QLD 116 31%
SA 106 54%
TAS 3 50%
WA 25 13%

Local Schools


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Suburb Information

Bannockburn, VIC 3331

Part of: Golden Plains Council No data available

The size of Bannockburn is approximately 82.7 square kilometres. It has 3 parks covering nearly 4% of total area. The population of Bannockburn in 2011 was 3,513 people. By 2016 the population was 5,256 showing a population growth of 49.6% in the area during that time. The predominant age group in Bannockburn is 0-9 years. Households in Bannockburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bannockburn work in a trades occupation. In 2011, 86.8% of the homes in Bannockburn were owner-occupied compared with 84.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Bannockburn

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Bannockburn   for Houses in last 12 months


There have been 62 Houses sold in Bannockburn in the past 12 months with a median sale price of $516K, up 14.73% annually. It takes on average 37 days to sell with vendor discounting of -2.76%.

Streets in Bannockburn


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