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Bannockburn VIC 3331

The size of Bannockburn is approximately 82.7 square kilometres. It has 1 park covering nearly 0.6% of total area. The population of Bannockburn in 2016 was 5283 people. By 2021 the population was 6470 showing a population growth of 22.5% 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 2021, 87.20% of the homes in Bannockburn were owner-occupied compared with 84.40% in 2016.

Bannockburn has 3,107 properties. Over the last 5 years, Houses in Bannockburn have seen a 31.12% increase in median value, while Units have seen a -9.06% decrease. As at 30 November 2025:

• The median value for Houses in Bannockburn is $721,061 while the median value for Units is $308,197.
• Houses have a median rent of $610 while Units have a median rent of $398.