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This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.
SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).
Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
est. as @ -- *
ABS ERP | -- people | --
2021 Census | -- people
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Bannockburn has an estimated 8,578 residents, up from 7,754 at the 2021 Census — a change of 824 people, or 10.6%. Growth has averaged 2.0% a year over five years. 303 new addresses have been validated here since Census night. Interstate and internal migration accounts for 53.9% of that increase. Density is about 45 people per square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.
Detail
According to the analysis by AreaSearch, the population of Bannockburn is close to 8,578 as of May 2026. This represents a growth of 824 residents (10.6%) from the 2021 Census, when the population was recorded at 7,754 individuals. This shift is calculated using the June 2025 ABS estimated resident population of 8,395, combined with 303 validated new addresses confirmed since the Census. With this population level, the density stands at 44 persons per square kilometer, offering residents a spacious living environment. The 10.6% expansion rate since the 2021 Census outperformed the Rest of Vic.
(4.3%) and the broader SA4 region, positioning the locality as a regional leader in growth. The primary catalyst for this demographic expansion was interstate migration, which accounted for roughly 53.9% of the total population increase during recent times, though natural growth and overseas migration also made positive contributions. Projections for each SA2 region are sourced from the ABS and Geoscience Australia releases from 2024, using 2022 as their baseline year. For SA2 regions lacking this data, projections are derived from the 2023 VIC State Government Regional/LGA releases, adjusted using a weighted aggregation method of population increases from the LGA to the SA2 level. Growth dynamics by age group from these aggregations are also applied across all regions for the span from 2032 to 2041. Looking at future demographic trends, the area is projected to experience extraordinary expansion that places it in the highest 10 percent of non-metropolitan zones in Australia, with an anticipated increase of 5,809 individuals by 2041 based on the most recent annual ERP statistics, representing a total rise of 65.6% over the 16 years.
Frequently Asked Questions - Population
348 new dwellings have been approved in Bannockburn over the past five years, an average of 69 a year. That places the area in the 78th percentile for residential development activity nationally, about 8 approvals per 1,000 residents a year. Of the 51 dwellings approved in the latest reporting year, 96% were detached houses and the rest townhouses or apartments. Approvals are currently running at an annualised 68, broadly in line with that longer-run average. Figures come from ABS building approvals aggregated to this SA2 boundary and are updated monthly as the ABS releases them.
Detail
Development approvals in Bannockburn have averaged approximately 69 dwellings annually, representing a total of 348 residential units over the preceding 5 financial years. In the current FY-26 period, 63 approvals have been logged. Over the 5 financial years from FY-21 to FY-25, an average of 2.3 new residents per dwelling each year suggests healthy demand that helps sustain property values. The average construction cost of these new residences is $378,000, which is slightly higher than the regional average and indicates a focus on higher-quality builds. Additionally, commercial approvals have reached $9.1 million in the current financial year, highlighting that the area remains predominantly residential.
Building activity per person in Bannockburn is comparable to the Rest of Vic., which helps maintain market stability in line with regional trends. The composition of new construction is heavily skewed toward detached houses at 96.0%, with medium and high-density formats making up the remaining 4.0%, thereby preserving the low-density character of the neighborhood and appealing to buyers seeking extra space. The area currently records around 171 people for each dwelling approval, pointing to a growing market. Projecting forward, Bannockburn is set to add 5,626 residents by 2041, based on the latest quarterly calculations from AreaSearch. Should construction rates remain at current levels, the supply of housing may fall short of population growth, which could intensify buyer competition and drive more robust price appreciation.
Frequently Asked Questions - Development
Development applications around Bannockburn
SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
AreaSearch tracks 6 current infrastructure and development projects inside Bannockburn, worth an estimated $12 million. A further 137 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $42.9 billion. 30 are already under construction and 45 are due for completion within three years. The pipeline spans residential development, communities, precincts & urban renewal and health & medical. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.
Detail
Changes in infrastructure, major developments, and local planning decisions are critical drivers of local performance. AreaSearch has identified a total of 9 key projects expected to influence the area. Among the most significant are 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, with details of the most relevant developments listed below.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Bannockburn Medical Services & Commercial Development
A modern architecturally designed commercial development anchored by Bannockburn Medical Services. Positioned in the heart of Bannockburn, the development provides spaces for allied health, professional services, retail, and a dedicated cafe tenancy, supported by extensive onsite parking.
St Mary MacKillop Catholic Primary School Upgrade
Stage 4 upgrade completing the senior building with four new general learning areas and a new dedicated visual arts building. The works are funded by 2.4 million AUD from the Victorian Government's Building Fund for Non-Government Schools - Catholic stream. Construction began in Q3 2024 and the new facilities are expected to be available to students in the second half of 2026, supporting growing enrolment in the fast growing Bannockburn community.
Bannockburn South East Precinct Structure Plan
A precinct structure plan to rezone and guide the transition of about 524 hectares of rural land to urban residential use, including around 4,685 dwellings for approximately 13,820 residents, a new high street town centre with retail and commercial space, schools, community facilities, sports reserves, key transport links including an east-west connector and Bruce Creek bridge, and environmental protections.
Bannockburn Family Services Centre Expansion
Expansion of the family services centre with a new modular kindergarten building featuring two rooms and an outdoor play area, creating up to 90 new kindergarten places for local families.
Bannockburn North West Development Plan Area
The Bannockburn North West Development Plan Area is a priority residential growth area identified within the approved Bannockburn Growth Plan. Located inside the existing township settlement boundary, it is intended to deliver around 3,738 new dwellings together with local roads, open space, community infrastructure and supporting services. The Growth Plan was incorporated into the Golden Plains Planning Scheme in September 2021. While the South East Precinct Structure Plan is currently progressing through detailed planning, the North West Development Plan Area remains identified as a future residential growth area requiring subsequent development planning before subdivision can occur.
Bannockburn South West Precinct
Medium-to-long term growth precinct from the Bannockburn Growth Plan (approved Sept 17, 2021). A future Precinct Structure Plan (PSP) is to be prepared after the South East PSP. Indicative area about 161 ha (approx. 97 ha developable) enabling around 1,159 dwellings with supporting employment and connections to new infrastructure delivered by the South East PSP, plus drainage and transport upgrades (including future Bruce Creek crossings and an east-west link road).
Catalina Heights Estate
A regional lifestyle land estate in Lethbridge offering large acreage lots (about 4,018 m2 to 5,328 m2). Stage 1 sold and Stage 2 released, with titling targeted for mid 2026. Estate is now selling and civil works are underway to deliver serviced lots in a rural residential community.
Valley Views Estate
A residential development offering vacant land and house & land packages, with a total of 9 new homes on 4.99 hectares.
4,472 residents of Bannockburn are employed, from a labour force of 4,577. Unemployment sits at 2.3%, with participation at 71.5%. Weighted for its industry mix, the area's sectors are forecast to grow about 6.2% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. The working-day population is estimated at 7,286, about 85% of the resident population, so more people leave the area for work than travel in. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.
Detail
A highly capable labor force resides in Bannockburn, with strong representation in essential services fields and an unemployment rate of only 2.3%. As of March 2026, there are 4,472 working residents, keeping the unemployment rate 1.4% below the 3.7% recorded for Regional Vic. Furthermore, labor force participation is exceptionally high at 71.5%, compared to 61.1% in Regional Vic. Census data indicates that a moderate 17.9% of the working population performed their duties from home, though this figure may reflect the influence of Covid-19 lockdowns. The primary employment sectors for local residents are construction, health care & social assistance, and retail trade.
The workforce shows a notable concentration in construction, with its employment share reaching 1.5 times the regional proportion. On the other hand, agriculture, forestry & fishing is less prominent, accounting for 3.4% of jobs compared to the regional average of 7.5%. The comparison between the Census working population and the resident population suggests that local employment opportunities within the area are relatively constrained. According to the AreaSearch analysis of SALM and ABS statistics, the workforce contracted by 0.9% and employment declined by 0.6% over the 12-month period, leading to a 0.4 percentage point drop in the unemployment rate. In comparison, Regional Vic. saw employment contract by 0.1%, the workforce decrease by 0.3%, and the unemployment rate fall by 0.2 percentage points. National employment projections from May-25 by Jobs and Skills Australia provide additional context for potential future employment trends in Bannockburn. These five and ten-year forecasts have been aligned with the local employment structure to project growth paths. Nationally, employment is predicted to grow by 6.6% over five years and 13.7% over ten years, though these figures vary widely across different sectors. Applying these industry-specific projections to the local workforce mix indicates that employment in Bannockburn could rise by 6.2% over five years and 13.0% over ten years, though this is a basic weighted projection for illustration and does not incorporate local population forecasts.
Frequently Asked Questions - Employment
Median household income in Bannockburn is $2,159 a week (about $112,000 a year), with median personal income at $865 a week. ATO records put median taxable income at $57,808 a year against an average of $70,246. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.
Detail
Taxpayer data from the ATO for financial year 2023, compiled by AreaSearch, indicates that incomes in the Bannockburn SA2 exceed the national benchmark. Taxpayers in the Bannockburn SA2 recorded a median income of $57,808 and an average income of $70,246, compared to $50,954 and $62,728 respectively for Regional Vic. Factoring in Wage Price Index growth of 9.62% since financial year 2023, estimated figures as of March 2026 would be roughly $63,369 for the median and $77,004 for the average. Census data places household, family, and individual earnings in Bannockburn around the 68th percentile nationally.
Income distribution figures show that 37.7% of the population (3,233 people) falls into the $1,500 - 2,999 weekly bracket, which aligns with the wider regional pattern of 30.3% in this bracket. Housing costs consume 13.7% of income, while strong earnings place the local population in the 78th percentile for disposable income, and the SEIFA index ranks the area in the 6th decile for income.
Frequently Asked Questions - Income
Bannockburn had 2,439 occupied dwellings at the 2021 Census, 96% detached houses and 0% apartments. 58% are owned with a mortgage, 10% rented and 32% owned outright. At that Census the median rent was $386 a week and the median mortgage repayment $1,907 a month. Rent absorbs 17.9% of household income here and mortgage repayments 20.4%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.
Detail
According to the latest Census, the housing stock in Bannockburn was made up of 96.3% separate houses and 3.6% other options like semi-detached properties, apartments, and alternative dwellings, compared to 90.1% houses and 9.9% other options in Regional Vic. The home ownership rate in Bannockburn was lower than the regional average, standing at 31.6%, with the remaining dwellings occupied by mortgage holders (58.0%) or renters (10.4%). The median monthly mortgage payment of $1,907 was significantly higher than the Regional Vic. average of $1,430, and the median weekly rent of $386 also exceeded the regional figure of $285.
On a national level, housing costs in Bannockburn are higher than the Australian averages of $1,863 for mortgages and $375 for weekly rent.
Frequently Asked Questions - Housing
Bannockburn counted 2,439 households at the 2021 Census, an estimated 2,698 today, averaging 3.0 people each. 48% are couples with children, more than in 93% of areas nationally, against 28% couples without children. 13% of households are people living alone, and families average 1.8 children. Household and family composition is measured only by the Census, so these are 2021 figures.
Detail
Families make up the vast majority of households at 86.0%, consisting of couples with children at 48.1%, couples without children at 28.0%, and single-parent households at 9.5%. Non-family households account for the remaining 14.0%, with single-person households representing 13.0% and group houses making up 0.9% of the total. The average household size in the area is 3.0 individuals, which is larger than the Regional Vic. average of 2.4.
Frequently Asked Questions - Households
19.1% of adults in Bannockburn hold a university qualification, including 13.3% with a bachelor degree and 2.7% with postgraduate qualifications. A further 32.1% hold a vocational qualification. 2 schools serve the area, with 1,222 enrolment places and an average ICSEA of 1,016 against a national benchmark of 1,000. Qualifications come from the 2021 Census; school enrolments, ICSEA and results come from ACARA's current release.
Detail
Educational attainment in the area shows room for development, as the university qualification rate of 19.1% is considerably lower than the VIC average of 33.4%. This gap highlights both an educational hurdle and an opening for focused programs. Among university graduates, bachelor degrees are the most common at 13.3%, followed by graduate diplomas at 3.1% and postgraduate degrees at 2.7%. Vocational and technical training is highly prevalent, with 44.4% of residents aged 15+ holding qualifications, consisting of advanced diplomas at 12.3% and certificates at 32.1%. School and study enrollment is exceptionally strong, with 32.8% of the local population actively participating in education.
This group comprises 13.2% in primary schools, 9.7% in high schools, and 2.8% in higher education.
Frequently Asked Questions - Education
Schools Detail
Getting around Bannockburn means driving: households keep an average of 2.2 vehicles, and scheduled services reach only a handful of stops. Service data is built from operators' published GTFS timetables; vehicle ownership is from the 2021 Census.
Detail
An assessment of public transit shows 5 active transport stops in service within Bannockburn. These stops are connected by 1 routes, which provide a total of 10 passenger journeys each week. Local transit options are considered limited, with residents living an average of 1029 meters from their nearest stop. Because the area is mostly residential, the majority of workers travel outside the community, making private vehicles the primary transit mode at 96%. Vehicle ownership stands at an average of 2.2 cars per household, which is higher than the regional average.
In addition, 17.9% of residents worked from home, according to the 2021 Census, which may reflect pandemic-era conditions. Service frequency across the network averages 1 journeys per day, which translates to approximately 2 weekly journeys for each individual transit stop.
Frequently Asked Questions - Transport
Transport Stops Detail
69.5% of residents in Bannockburn report no long-term health condition, a less healthy profile than 75% of areas nationally. 5.4% need daily assistance with core activities, and 53.9% hold private health cover. The standardised death rate runs at 7.0 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.
Detail
The local area faces notable health difficulties based on mortality and chronic illness data analyzed by AreaSearch, with various medical issues present in both younger and older demographics. The level of private health insurance coverage is slightly higher than the average SA2 region, encompassing approximately 54% of the population (~4,623 people), compared to 50.5% in Regional Vic. Asthma and mental health issues are the most prevalent medical concerns locally, affecting 9.4 and 8.3% of the population, respectively. However, 69.5% of residents reported having no chronic medical conditions, which compares favorably to 63.4% in Regional Vic.
Health status among working-age individuals is generally average. Residents aged 65 and over make up 13.9% of the community (1,194 people), a lower proportion than the 23.9% recorded in Regional Vic. The health profile of older residents presents some difficulties, with national rankings aligning closely with the general population.
Frequently Asked Questions - Health
Bannockburn is largely Australian-born, at 90.2% of residents, with 4.0% speaking a language other than English at home. The largest reported ancestries are Australian (32.8%) and English (29.4%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.
Detail
Cultural diversity in Bannockburn is lower than average, with 90.2% of the population born within Australia, 93.1% holding citizenship, and 96.0% speaking only English at home. The predominant religious affiliation is Christianity, chosen by 48.2% of the community, which is slightly above the 47.3% average for Regional Vic. Looking at ancestral origins, the three most common backgrounds reported in Bannockburn are Australian at 32.8% of the population, English at 29.4%, and Irish at 8.7%. There are also distinct differences in the representation of other backgrounds: Dutch ancestry is higher than the regional average at 2.4% (compared to 1.7% regionally), Croatian is at 1.4% (compared to 0.4%), and Hungarian stands at 0.4% (compared to 0.2%).
Frequently Asked Questions - Diversity
The median resident of Bannockburn is 36. 23.0% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.
Detail
The median age in Bannockburn is 36 years, which is notably lower than the Regional Vic. average of 43 years and also younger than the Australian median of 38 years. The 5 - 14 age bracket is highly represented at 16.9% compared to Regional Vic., while the 65 - 74 age group is less common at 8.2%. Data collected since the 2021 Census indicates that the 35 to 44 age group increased its share from 14.8% to 16.1%, whereas the 45 to 54 cohort shrank from 13.8% to 13.2%. Long-term forecasts for 2041 suggest major demographic shifts, led by the 25 to 34 age group, which is projected to grow by 98% (953 people) to reach 1,924 from a base of 970.
Frequently Asked Questions - Age
Data & MethodBoundaries, Sources & Method for Bannockburn
9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.
Everything is aggregated to the SA2 boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.
The ledger — source, cycle and currency by section
| Section | Source & update cycle | Currency |
|---|---|---|
| Updated within the last 12 months 9 sections | ||
| Population | ABS, GNAF, Geoscience Australia Annual (ABS ERP) | May 2026 3 months ago headline measures · 2021 Census baseline |
| Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline. | ||
| Age profile | ABS, Geoscience Australia, State governments Annual | May 2026 3 months ago headline measures · 2021 Census baseline |
| Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate. | ||
| Development & approvals | ABS, GNAF Monthly (ABS approvals) | Jun 2026 2 months ago headline measures · May 2026 baseline |
| Property sales & rents | Valuer General, Rental Board, ABS Weekly sales, quarterly rents | Aug 2026 this month all 21 measures |
| Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026. | ||
| Infrastructure projects | Infrastructure Australia, State agencies, Local governments Daily | Jul 2026 last month all 6 projects tracked here |
| Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated Jul 2026. | ||
| Employment | ABS, DEWR, JSA Quarterly (ABS SALM) | Mar 2026 5 months ago headline measures · 2021 Census baseline |
| Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census. | ||
| Education | ABS, ACARA Annual (ACARA) | Aug 2026 this month headline measures · 2021 Census baseline |
| Transport | ABS, State Transport Departments Each timetable release | Jul 2026 last month headline measures · 2021 Census baseline |
| Services & amenities | Provider directories, ACECQA Continuous | Jul 2026 last month all 14 measures |
| Annual and financial-year sources 2 sections | ||
| Income | ABS, ATO Annual (ATO) | FY 2023 3 years ago headline measures · 2021 Census baseline |
| ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail. | ||
| Health | ABS, ATO Annual | 2024 2 years ago headline measures · 2021 Census baseline |
| Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current. | ||
| Housing | ABS 5-yearly (Census) | 2021 Census next update 2026 all 30 measures |
| Households | ABS 5-yearly (Census) | 2021 Census next update 2026 all 18 measures |
| Cultural diversity | ABS, Geoscience Australia 5-yearly (Census) | 2021 Census next update 2026 all 44 measures |
"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.
How the numbers are built
Population
The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 303 validated new addresses here. The headline figure is therefore a current estimate for May 2026, not a 2021 count (7,754 at the 2021 Census → 8,578 now). Annual growth rates are compound (CAGR), not simple averages.
Age profile
Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to May 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".
Property sales
Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.
Rents
Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.
Development & infrastructure
Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.
Employment & income
Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.
Education, transport & amenities
School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.
Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.
Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.
Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (203011034). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.