Bannockburn (Vic.)

Bannockburn lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

The suburb of Bannockburn (Vic.) had an estimated population of around 7,286 as of Nov 2025, based on AreaSearch's analysis of ABS population updates and new addresses. This figure reflects a growth of 816 people since the 2021 Census, which reported a population of 6,470 people in the suburb. The estimated resident population (ERP) was 6,916 as of June 2024, according to AreaSearch's examination of the latest ABS ERP data release and an additional 275 validated new addresses since the Census date. This results in a population density ratio of 102 persons per square kilometer. Bannockburn's 12.6% growth since the 2021 census exceeded both the non-metro area average (6.0%) and the national average, indicating significant growth for the suburb. Interstate migration contributed approximately 70.0% of overall population gains during recent periods, with natural growth and overseas migration also being positive factors.

AreaSearch's projections for Bannockburn are based on ABS/Geoscience Australia projections released in 2024 with a base year of 2022 for each SA2 area. For areas not covered by this data, AreaSearch uses the VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends predict exceptional growth for Bannockburn, placing it in the top 10 percent of national non-metropolitan areas. By 2041, the suburb is expected to increase by 5,140 persons based on aggregated SA2-level projections, reflecting a total increase of 64.3% over the 17-year period.

AreaSearch assessment of residential development activity positions Bannockburn among the top 25% of areas assessed nationwide

Based on AreaSearch analysis of ABS building approval numbers allocated from statistical area data, Bannockburn has seen around 65 new homes approved each year. Over the past five financial years, between FY-21 and FY-25, approximately 326 homes were approved, with an additional 22 approved so far in FY-26. This suggests solid demand for housing in the area, supporting property values.

The average number of people moving to Bannockburn per new home constructed over these five financial years is around 2.3. New homes are being built at an average expected construction cost value of $519,000. In FY-26, $8.1 million in commercial approvals have been registered, indicating the area's residential character.

Compared to Rest of Vic., Bannockburn has similar development levels per person, maintaining market balance with the broader area. However, development activity has moderated in recent periods. New development consists predominantly of detached houses at 97.0%, with attached dwellings making up the remaining 3.0%, reflecting the area's traditional low density character focused on family homes. Currently, Bannockburn reflects a developing area with around 144 people per approval. According to AreaSearch's latest quarterly estimate, Bannockburn is forecasted to gain approximately 4,684 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially increasing buyer competition and supporting price increases.

Bannockburn has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Six projects have been identified by AreaSearch as likely to impact the area, with key projects including Brand New Commercial Spaces in Bannockburn, St Mary MacKillop Catholic Primary School Upgrade, Bannockburn South East Precinct Structure Plan, and Bannockburn North West Development Plan Area.

Professional plan users can use the search below to filter and access additional projects.

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The employment environment in Bannockburn shows above-average strength when compared nationally

Bannockburn's workforce is balanced across white and blue collar jobs. Key sectors include health care & social assistance, construction, and retail trade.

Construction is particularly prominent, with an employment share 1.4 times the regional level. Conversely, agriculture, forestry & fishing employs only 2.4% of local workers, lower than Rest of Vic.'s 7.5%. As of June 2025, 3,656 residents are employed, with an unemployment rate of 2.6%, and estimated employment growth of 2.3% over the past year. The unemployment rate is 1.1% below Rest of Vic.'s rate of 3.8%.

Workforce participation in Bannockburn is high at 68.1%, compared to Rest of Vic.'s 57.4%. Over a 12-month period ending Sep-22, employment increased by 2.3% while the labour force rose by 2.4%, causing unemployment to rise slightly by 0.1 percentage points. In contrast, Rest of Vic. saw employment contract by 0.9% and unemployment rise by 0.4 percentage points during this period. National employment forecasts from Sep-22 project growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Bannockburn's employment mix suggests local employment should increase by 6.2% over five years and 13.0% over ten years, though these are simple extrapolations for illustrative purposes only.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

Bannockburn's median income among taxpayers was $54,240 and average income stood at $66,731 in the financial year 2022. This compares to figures for Rest of Vic.'s of $48,741 and $60,693 respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, current estimates would be approximately $60,836 (median) and $74,845 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes in Bannockburn cluster around the 63rd percentile nationally. The data shows the $1,500 - 2,999 bracket dominates with 39.1% of residents (2,848 people). Housing accounts for 14.4% of income while strong earnings rank residents within the 72nd percentile for disposable income and the area's SEIFA income ranking places it in the 5th decile.

Bannockburn is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

In Bannockburn, as per the latest Census evaluation, 95.8% of dwellings were houses while 4.1% consisted of other types such as semi-detached homes, apartments, and 'other' dwellings. This differs from Non-Metro Vic.'s figures of 98.0% houses and 2.0% other dwellings. Home ownership in Bannockburn stood at 30.0%, with mortgaged dwellings at 58.5% and rented ones at 11.4%. The median monthly mortgage repayment in the area was $1,863, higher than Non-Metro Vic.'s average of $1,800. The median weekly rent figure in Bannockburn was $390, compared to Non-Metro Vic.'s $330. Nationally, Bannockburn's mortgage repayments align with the Australian average of $1,863, while rents are higher at $390 compared to the national figure of $375.

Bannockburn features high concentrations of family households, with a higher-than-average median household size

Family households account for 85.8 percent of all households, including 47.3 percent couples with children, 27.5 percent couples without children, and 10.2 percent single parent families. Non-family households constitute the remaining 14.2 percent, with lone person households at 13.6 percent and group households comprising 0.9 percent of the total. The median household size is 3.0 people, which is larger than the Rest of Vic. average of 2.8.

Bannockburn performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's university qualification rate is 17.2%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 11.8%, followed by graduate diplomas (2.9%) and postgraduate qualifications (2.5%). Vocational credentials are prevalent, with 45.7% of residents aged 15+ holding them, including advanced diplomas (12.5%) and certificates (33.2%). Educational participation is high at 32.2%, comprising 13.0% in primary, 9.3% in secondary, and 2.6% in tertiary education.

St Mary MacKillop Catholic Primary School and Bannockburn P-12 College serve a total of 1,222 students. The area has typical Australian school conditions (ICSEA: 1016) with balanced educational opportunities. It functions as an education hub with 16.8 school places per 100 residents, attracting students from surrounding communities.

Transport servicing is very low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis shows one active public transport stop in Bannockburn. This stop serves a mix of bus routes, with six individual routes operating weekly, providing 60 passenger trips in total. Residents' accessibility to transport is limited, with an average distance of 979 meters from the nearest stop.

The service frequency averages eight trips per day across all routes, resulting in approximately sixty weekly trips per stop.

Health outcomes in Bannockburn are marginally below the national average with the level of common health conditions among the general population somewhat typical, though higher than the nation's average among older cohorts

Bannockburn's health indicators show below-average results.

Common health conditions are somewhat typical but higher than the national average among older cohorts. Private health cover is at approximately 53%, slightly above the average SA2 area (~3,877 people). The most prevalent medical conditions are asthma (9.7%) and mental health issues (8.8%). About 68.9% of residents report no medical ailments, similar to Rest of Vic.'s 68.7%. The area has 13.4% seniors aged 65 and over (976 people), lower than Rest of Vic.'s 15.4%. Health outcomes among seniors require more attention than the broader population.

Bannockburn is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Bannockburn, surveyed in June-August 2016, had a predominantly Australian-born population of 89.9%. Citizenship was held by 93.0%, with English being the sole language spoken at home for 96.5%. Christianity was the leading religion (47.2%), slightly higher than the regional average of 45.6%.

Ancestry showed Australians as the largest group at 33.2%, followed by English at 30.2% and Irish at 8.0%. Notably, Hungarians were overrepresented at 0.5% compared to 0.3% regionally, Dutch at 2.2% (regional average 2.3%), and Croatians at 1.2% (regional average 0.8%).

Bannockburn's population is younger than the national pattern

Bannockburn has a median age of 35 years, which is significantly lower than the Rest of Vic. average of 43 and somewhat younger than the Australian median of 38. Compared to the Rest of Vic., the 35-44 cohort is notably over-represented in Bannockburn at 17.0%, while the 65-74 age group is under-represented at 7.8%. According to the 2021 Census, the 35-44 age group has grown from 15.2% to 17.0% of Bannockburn's population, whereas the 45-54 cohort has declined from 13.1% to 12.4%. By 2041, demographic modeling suggests that Bannockburn's age profile will change significantly, with the 25-34 cohort projected to grow by 100%, adding 909 residents to reach a total of 1,820.