Bannockburn
A 60.1% share of Bannockburn homes have four or more bedrooms, helping explain why the 6,470-resident township attracts families and mortgage holders rather than apartment buyers. The median age is 35, five years below the national figure, while household income sits at the 77th percentile. Separate houses account for 95.8% of dwellings and 58.0% are mortgaged, so the suburb is more exposed to borrowing costs than a high-rental market. Compared with nearby Lara, buyers weighing Bannockburn should focus on its lower-density, car-oriented setting and larger-lot housing choice. Growth is forecast at 2.92% annually, driven by internal migration, although the trajectory is ageing.
Population
6,470
Median Age
35.0
Household IncomeiMedian weekly household income (ABS Census)
$2,055/wk
DAs (12 months)iDevelopment Applications lodged in the past year
13
Median House
$705K
October to December 2025
A typical mortgage indicator is $1,863 per month, and 58.0% of households already hold a mortgage, compared with only 29.8% owning outright. The market is overwhelmingly separate-house based at 95.8%, with 60.1% of homes offering four or more bedrooms and 34.1% offering three. Check lot size, commute and future subdivision potential because the large-home profile can carry higher maintenance costs.
For Buyers
A typical mortgage indicator is $1,863 per month, and 58.0% of households already hold a mortgage, compared with only 29.8% owning outright. The market is overwhelmingly separate-house based at 95.8%, with 60.1% of homes offering four or more bedrooms and 34.1% offering three. Check lot size, commute and future subdivision potential because the large-home profile can carry higher maintenance costs.
For Investors
Bannockburn's $390 weekly rent and 3.7% vacancy rate point to a rental market with income potential, but the 11.2% renting share is lower than the 58.0% mortgage share, so the tenant pool is smaller than in established rental-heavy suburbs. Fourteen development applications were recorded in the last 12 months, indicating ongoing supply activity without proving a large apartment pipeline. Rents have grown 43.0% across the shift period, while growth is driven by internal migration and runs at 2.92% annually. Detached houses dominate at 95.8%, which can support family demand but raises land, maintenance and insurance exposure compared with compact dwellings. Investors should stress-test vacancy above 3.7% and confirm local costs before relying on headline yield.
Development Activity
Total DAs
37
Last 12 Months
13
YoY ChangeiYear-over-year change in DA lodgements
+8.3%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Bannockburn
Open-register school locations for education access. This is not a school-quality ranking.
Bannockburn P-12 College
St Mary MacKillop Catholic Primary School
Demographics
With a median age of 35, Bannockburn is 5 years younger than the national figure, but its ageing trajectory is visible in the 4.0 percentage-point rise in the senior share and 0.6-point fall in the young share. Average household size is 3.0, or 0.5 above the national level, matching the 54.5% share of couples with children. Overseas-born residents account for 10.1%, 11.5 points below the national comparison, and university attainment is 20.0%, 10.1 points below national. English, Scottish and Irish ancestry counts are 2,672, 712 and 711, while no religion and Christianity record 3,120 and 2,864 people. These patterns support family-oriented services, although population stability is high: 82.2% stayed at the same address.
Age Distribution
Bedrooms
Dwelling Structure
95.8%
Houses
4.0%
Townhouse
0.1%
Apartment
Tenure
Detached housing defines Bannockburn: 95.8% of dwellings are separate houses, compared with 0.1% apartments and 4.0% semi-detached homes. The bedroom profile is similarly family-sized, with 60.1% containing four or more bedrooms and 34.1% containing three. Ownership is concentrated among mortgage holders at 58.0%, versus 29.8% owning outright and 11.2% renting. A 20.9% mortgage-to-income ratio and 19.0% rent-to-income ratio sit below the local stress flags, both of which are false, but larger homes can still mean higher running costs than smaller stock.
Mortgage / mo
$1,863
Rent / wkiABS Census 2021 median across all dwelling types. Current market rents are typically higher.
$390
Census 2021
HH Size
3.0
Personal Income / wk
$845
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
3.7%
Unoccupied
78
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.0%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
20.9%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
54.5%
Couples with children
33.4%
Couples, no children
11.9%
Single parent
1,793
Total families
Economy & Employment
Bannockburn combines a 2.9% unemployment rate with a 68.1% participation rate, supporting household income of $2,055 a week at the 77th percentile. Healthcare is the largest industry at 18.7%, followed by construction at 14.5%, education at 12.8%, public administration at 8.4% and manufacturing at 7.7%. Trades lead occupations with 620 workers, ahead of professionals at 485 and community/personal roles at 444. The SEIFA pattern is uneven: economic resources rank in decile 10, while education and occupation sit in decile 5, pointing to stronger household means than formal qualification levels. Compared with a university-heavy labour market, the mix is more trade and service oriented, which fits local construction, healthcare and education employment.
Unemployment
2.9%
Labour Force
3,300
Unemployed
97
Source: ABS Census 2021
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
57.5%
Part-time
35.1%
Participation
68.1%
Employed
3,203
Full-time and part-time are shares of the employed. Source: ABS Census 2021
Occupations
Top Industries
University
20.0%
Postgraduate
3.5%
Born Overseas
10.1%
Dwellings
2,050
Transport to Work
Bannockburn is practical for households with cars: 77.4% drive to work, compared with 0.4% using public transport, while 17.3% work from home. Local education access includes 2 schools across government and Catholic sectors, with a primary option and a P-12 college; check enrolment zones against the exact address because boundaries can cross suburb edges. Recorded crime is 136 offences, or 21.0 per 1,000 residents, with property and deception offences accounting for 82. The IRSAD score sits in decile 6, while volunteering is 14.3% and 6.0% report needing assistance. Compared with a transit-oriented suburb, daily errands and commuting are likely to require more driving because public transport use is very low.
Drive
77.4%
Public Transport
0.4%
Walk / Cycle
1.5%
Work from Home
17.3%
Population Forecast
+2.92%/yr
(+245 people/yr)
EstablishedBannockburn is on a 2.92% annual growth trend, above 0%, with internal migration identified as the primary driver. Population change across the wider area is 64.5% over 10 years, signalling a higher-growth setting than a static market, while 14 development applications in 12 months indicate continued subdivision and planning activity. The demographic trajectory is labelled Aging: the senior share has risen 4.0 points and the working share has fallen 3.3 points. Gentrification is scored 12 and classified as Not gentrifying, although a separate shift measure records a score of 24 and Early signs. That combination suggests expansion through family migration and subdivision activity rather than premium-led displacement.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Internal Migration
Net Overseas / yr
+17
Net Internal / yr
+96
Gentrification Signal
Not gentrifying
Net internal migration +96/yr
Safety & Crime
Total Offences
136
Year ending June 2024
Rate per 1,000 People
21.0
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Bannockburn compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Bannockburn a good suburb to live in?
Bannockburn can suit households wanting space, schools and detached housing. About 95.8% of dwellings are separate houses, 60.1% have four or more bedrooms and 77.4% of workers drive, so it is better suited to car-oriented living than a transit-focused lifestyle.
What schools are in Bannockburn?
Bannockburn has Bannockburn P-12 College, a government school covering primary and secondary years, and St Mary MacKillop Catholic Primary School. There are 2 local schools across 2 sectors, and families should check the exact enrolment zone before signing a contract.
Is Bannockburn safe?
Recorded crime was 136 offences, equal to 21.0 per 1,000 residents. Property and deception offences made up 82 cases, compared with 32 crimes against the person. Check current local conditions and property security needs, since suburb-level totals can vary between reporting periods.
Is Bannockburn good for property investment?
It can suit investors seeking detached family rentals, with a $390 weekly median rent, 3.7% vacancy rate and 11.2% renting share. Annual growth is 2.92% and 14 development applications were recorded over 12 months, so investors should compare yield against maintenance, insurance and future supply.
How is Bannockburn's population changing?
Bannockburn's current population is 6,470. The wider area's population change is 64.5% over 10 years, with growth running at 2.92% annually and internal migration the primary driver. The trajectory is labelled Aging, alongside a 4.0-point rise in the senior share.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), Valuer-General Victoria (house prices), state education open registers (school locations), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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