Suburb Profile Report for Bannockburn VIC (3331)

Bannockburn House: Median price $400,000, Annual capital growth 3.33%, Number of sales 77, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property investors who have had real estate in Bannockburn, 3331 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.71%

While Bannockburn,3331 ranked number 337th in VIC for increase in median house value (annualised) increase, it is ranked 519th over the last 5 years.

Bannockburn3331 is located in VIC which offers an average discount of -5.41% to property investors. Bannockburn itself is showing figures that indicate -4.41% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.

With the median price for a house in Bannockburn being $400000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.55%

Metrics i HOUSE UNIT
$400,000 N/A
2.56% N/A
4.71% N/A
3.33% N/A
$350 N/A
77 N/A
4.55% N/A
103.83 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3513
Median household income ($/weekly) 1493
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 615 17.5
    25-34 years 460 13.1
    35-44 years 587 16.7
    45-54 years 411 11.7
    55-64 years 384 10.9
    Others 1056 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 1474 62.1
    Not Married 658 27.7
    Defacto Relationship 241 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3039 88.7
    New Zealand 31 0.9
    Papua New Guinea 27 0.8
    United Kingdom 201 5.9
    Other 26 0.8
    Others 101 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 2297 70.7
    No Religion 921 28.3
    Buddhism 13 0.4
    Other Religious Groups 13 0.4
    Islam 5 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 99 9.9
    $600-$799 87 8.7
    $1,250-$1,499 103 10.3
    $1,500-$1,999 209 20.9
    $2,000-$2,499 141 14.1
    Others 360 36.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1050 41.2
    Not in the labour force 786 30.9
    Employed, worked part-time 544 21.4
    Employed, away from work 101 4.0
    Unemployed, looking for work 65 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 247 14.6
    Technicians & trades workers 328 19.4
    Community & personal service workers 201 11.9
    Clerical & administrative workers 228 13.5
    Labourers 179 10.6
    Others 512 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 81 8.7
    Infants/Primary 424 45.5
    Secondary 250 26.9
    Technical or Further Educational Institution 82 8.8
    University or other Tertiary Institutions 67 7.2
    Others 27 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3252 99.4
    Improvised home, tent, sleepers out 10 0.3
    Semi-detached, row or terrace house, townhouse 3 0.1
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 628 57.6
    Fully owned 334 30.6
    Rented 120 11.0
    Other tenure type 8 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals