12 Herbert Way

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 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.

Bannockburn has 2,998 properties. Over the last 5 years, Houses in Bannockburn have seen a 48.79% increase in median value, while Units have seen a 24.90% increase. As at 31 October 2024:

• The median value for Houses in Bannockburn is $708,184 while the median value for Units is $341,079.
• Houses have a median rent of $550 while Units have a median rent of $400.