Suburb Profile Report for Bannockburn VIC (3331)

Bannockburn House: Median price $385,000, Annual capital growth 2.85%, Number of sales 79, 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 relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.28%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bannockburn has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Bannockburn should be aiming for at least -6.46% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2882 in a list of fastest selling suburbs, Bannockburn is in the bottom 30% of suburbs in Australia with an average of days on market 108.7 for properties listed there.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$385,000 N/A
1.32% N/A
-1.28% N/A
2.85% N/A
$350 N/A
79 N/A
4.73% N/A
108.7 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
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Recent sales & rentals