Bannockburn is a mid-sized suburb in Victoria within the Golden Plains local government area (postcode 3331). With a population of 6,470, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $107K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Bannockburn is $713,000, having risen modestly 0.4% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,863.
Bannockburn is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Golden Plains LGA is below average at 2,988 incidents per 100,000 population.
From an investment perspective, Bannockburn offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($713K/$875K). The price-to-income ratio of 6.7x is considered moderate. House prices have moved +0.4% year-on-year.
Bannockburn is a mid-sized suburb in Victoria within the Golden Plains local government area (postcode 3331). With a population of 6,470, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $107K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Bannockburn is $713,000, having risen modestly 0.4% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,863.
Bannockburn is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Golden Plains LGA is below average at 2,988 incidents per 100,000 population.
From an investment perspective, Bannockburn offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($713K/$875K). The price-to-income ratio of 6.7x is considered moderate. House prices have moved +0.4% year-on-year.