Suburb Profile Report for Bannockburn VIC (3331)

Bannockburn House: Median price $400,000, Annual capital growth 3.35%, Number of sales 76, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

Bannockburn has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.26% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Bannockburn comes in at number 612th in VIC.

Vendor discounting in Bannockburn is giving property investors an average Vendor Discount of around -4.00%. This puts suburb at number 422th in VIC when ranking the most discounted suburbs.

Bannockburn, 3331’s gross rental yield is 4.55%

Metrics i HOUSE UNIT
$400,000 N/A
1.27% N/A
5.26% N/A
3.35% N/A
$350 N/A
76 N/A
4.55% N/A
94.92 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Bannockburn VIC
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