Bannockburn at a glance
Median house
$707,000
Median unit
$293,040
Walk score
42
Car dependent
Population
7,202
Median age 36
The brief
What to know about Bannockburn.
The postcode for Bannockburn is 3331 (VIC).
The median house price in Bannockburn is $707,000.
Bannockburn (3331) sits in the Golden Plains region of Victoria. The median house here is $707,000, below the Victoria median of around $850K.
Bannockburn has roughly 7,202 residents, with a typical family-age mix. Households are dominated by renters. Daily life is car-friendly: most residents drive to work, school and the shops.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Bannockburn scores 42/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 25°C (mild), winter mornings around 3°C (cold). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Geelong Racecourse station, 83.9km away.
Schooling within or near the suburb covers 1 government primary, 1 Catholic.
Who lives here
Demographics.
The 2021 Census put Bannockburn's population at 7,202, with a median age of 36. That sits as a typical family-age mix.
Population
7,202
Median age
36
Family households
–
Lone person
–
Houses change hands at $707,000 on a typical sale, below the Victoria median. Units come in around $293,040, roughly 59% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $141,000. Prices are below the Victoria median, which keeps Bannockburn on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$707,000
+0.0% over the past year. Median unit price $293,040.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$390/wk
Weekly rent (unit)
$332/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$707,000
$293,040
7,202
Median age: 36
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For investors
Investment overview.
Gross rental yield on houses sits at 2.87% (median rent $390/wk against a $707,000 price tag). Units yield 5.89% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.87%
Based on $707,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20265.89%
Based on $293,040 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
121
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
42
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Bannockburn.
Local schools for Bannockburn
View the catchment for each school to find out more.
Government School Catchment
Bannockburn P-12 College
Lethbridge Primary School
Non-Government Schools
St Mary MacKillop Catholic Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
25.6°C
Coldest Month (avg min)
3.0°C
Monthly Rainfall (mm)
Weather data from BOM station Geelong Racecourse (84 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Bannockburn.
- What is the median house price in Bannockburn?
- The median house price in Bannockburn, VIC 3331 is $707,000. The median unit price is $293,040.
- What is the Bannockburn postcode?
- Bannockburn is in the 3331 postcode, in VIC, in the Golden Plains Shire Council region.
- Where is Bannockburn?
- Bannockburn is a regional suburb in VIC, postcode 3331, in the Golden Plains Shire Council region.
- What is the average rent in Bannockburn?
- The median weekly rent for houses is $390, for units it's $332.
- What schools are in Bannockburn?
- There are 3 schools serving Bannockburn on this page, including Bannockburn P-12 College, St Mary MacKillop Catholic Primary School, Lethbridge Primary School.
- How walkable is Bannockburn?
- Bannockburn has a Walk Score of 42 out of 100, car-dependent for most errands. transit score 0, bike score 100.
- What suburbs are near Bannockburn?
- Bannockburn is close to Russells Bridge, Sutherlands Creek, Gheringhap, Murgheboluc, Teesdale.
- What is the population of Bannockburn?
- The population of Bannockburn is approximately 7,202 (2021 Census). The median age is 36.
For Sale
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Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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