Bannockburn

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

Bannockburn's population, as of November 2025, is approximately 8,767 people. This figure represents an increase of 1,013 individuals since the 2021 Census, which recorded a population of 7,754. The growth was inferred from the estimated resident population of 8,299 in June 2024 and the addition of 298 validated new addresses post-census. This results in a population density of 45 persons per square kilometer. Bannockburn's 13.1% growth since the 2021 census surpassed both the non-metro area average (6.0%) and the national average, positioning it as a leading region for growth. Interstate migration contributed approximately 69.9% of overall population gains during recent periods, with other factors such as natural growth and overseas migration also playing positive roles.

AreaSearch's projections for Bannockburn are based on ABS/Geoscience Australia data released in 2024, using 2022 as the base year. For areas not covered by this data, AreaSearch uses VIC State Government's Regional/LGA projections from 2023, adjusted via a weighted aggregation method from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. By 2041, Bannockburn is projected to grow by an exceptional 6,136 persons, reflecting a total gain of 64.6% over the 17-year period, placing it in the top 10 percent of Australia's non-metropolitan areas for growth.

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

Bannockburn has received approximately 69 dwelling approvals per year over the past five financial years, totalling 348 homes. In FY26, 31 approvals have been recorded so far. On average, each dwelling has attracted around 2.7 new residents annually between FY21 and FY25, indicating strong demand that supports property values. The average construction cost value of new homes is $378,000, slightly above the regional average.

This year, there have been $9.1 million in commercial approvals, reflecting Bannockburn's predominantly residential nature. Compared to Rest of Vic., Bannockburn exhibits similar building activity per capita, suggesting market stability aligned with regional trends. Detached dwellings account for 96.0% of new building activity, while medium and high-density housing makes up the remaining 4.0%, preserving the area's low-density character.

With approximately 168 people per dwelling approval, Bannockburn's population is expanding. By 2041, AreaSearch estimates that Bannockburn will grow by 5,667 residents. If current development rates persist, housing supply may not keep pace with population growth, potentially intensifying competition among buyers and supporting stronger price growth.

Bannockburn has moderate levels of nearby infrastructure activity, ranking in the 48thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 10 projects likely affecting the region. Notable initiatives include 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. The following list details those most relevant.

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

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Employment conditions in Bannockburn demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Bannockburn has a skilled workforce with essential services sectors well represented. Its unemployment rate is 2.4%, lower than the Rest of Vic.'s 3.8%.

Employment stability has been maintained over the past year. As of September 2025, 4,471 residents are employed, with an unemployment rate of 1.3% below the regional average and a workforce participation rate of 68.5%, compared to Rest of Vic.'s 57.4%. Key industries include construction, health care & social assistance, and retail trade. The area specializes in construction, with employment share at 1.5 times the regional level, while agriculture, forestry & fishing shows lower representation at 3.4% versus the regional average of 7.5%.

Local employment opportunities appear limited based on Census data comparison. Over a 12-month period ending September 2025, labour force decreased by 0.2%, and employment declined by 0.3%, causing unemployment to rise by 0.1 percentage points. In contrast, Rest of Vic. saw employment contract by 0.7% and labour force fall by 0.6%. State-level data as of 25-Nov-25 shows VIC employment grew by 1.13% year-on-year, with the state unemployment rate at 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that while national employment is projected to expand by 6.6% over five years and 13.7% over ten years, growth rates vary significantly between industry sectors. Applying these projections to Bannockburn's employment mix indicates local employment should increase by 6.2% over five years and 13.0% over ten years.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

The median income among taxpayers in Bannockburn SA2 was $55,524 in financial year 2022. The average income stood at $68,311 for the same period. This compares to figures of $48,741 and $60,693 respectively for Rest of Vic. Based on a Wage Price Index growth rate of 12.16% since financial year 2022, estimated incomes as of September 2025 would be approximately $62,276 (median) and $76,618 (average). According to census data, household, family and personal incomes in Bannockburn cluster around the 68th percentile nationally. Income distribution shows that 37.7% of individuals earn between $1,500 - 2,999, which is consistent with broader trends across the surrounding region at 30.3%. Housing accounts for 13.7% of income. Residents rank within the 78th percentile for disposable income. The area's SEIFA income ranking places it in the 6th decile.

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

The latest Census evaluation found that dwelling structures in Bannockburn comprised 96.3% houses and 3.6% other dwellings, compared to Non-Metro Vic.'s 98.0% houses and 2.0% other dwellings. Home ownership in Bannockburn was at 31.6%, with mortgaged dwellings at 58.0% and rented ones at 10.4%. The median monthly mortgage repayment was $1,907, higher than Non-Metro Vic.'s average of $1,800. The median weekly rent figure in Bannockburn was $386, compared to Non-Metro Vic.'s $330. Nationally, Bannockburn's mortgage repayments exceeded the Australian average of $1,863, while rents were higher than the national figure of $375.

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

Family households constitute 86.0% of all households, including 48.1% couples with children, 28.0% couples without children, and 9.5% single parent families. Non-family households account for the remaining 14.0%, with lone person households at 13.0% and group households comprising 0.9%. The median household size is 3.0 people, larger than the Rest of Vic average of 2.8.

The educational profile of Bannockburn exceeds national averages, with above-average qualification levels and academic performance metrics

The area's university qualification rate is 19.1%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 13.3%, followed by graduate diplomas (3.1%) and postgraduate qualifications (2.7%). Vocational credentials are prevalent, with 44.4% of residents aged 15+ holding them, including advanced diplomas (12.3%) and certificates (32.1%). Educational participation is high at 32.8%, with 13.2% in primary education, 9.7% in secondary education, and 2.8% pursuing tertiary education.

Educational participation is notably high, with 32.8% of residents currently enrolled in formal education. This includes 13.2% in primary education, 9.7% in secondary education, and 2.8% pursuing tertiary education.

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

Public transport analysis shows five active transport stops operating within Bannockburn. These stops serve a mix of bus routes, totaling seven individual routes that provide 65 weekly passenger trips. Transport accessibility is rated as limited, with residents typically located 1029 meters from the nearest transport stop.

Service frequency averages nine trips per day across all routes, equating to approximately thirteen weekly trips per individual stop.

Bannockburn's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts

Health data for Bannockburn shows positive health outcomes overall.

The prevalence of common health conditions among residents is low compared to the general population but higher than the national average for older and at-risk groups. Approximately 54% (~4,707 people) of the total population have private health cover. The most prevalent medical conditions are asthma (9.4%) and mental health issues (8.3%). About 69.5% of residents report having no medical ailments, compared to 68.7% in Rest of Vic. Bannockburn has 13.4% of its population aged 65 and over (1,171 people), which is lower than the 15.4% in Rest of Vic. However, health outcomes among seniors require more attention than those for 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, as per the census data from June 2016, had a population that was predominantly born in Australia, with 90.2%. The majority of residents were citizens, standing at 93.1%, and English was spoken exclusively at home by 96.0% of the population. Christianity was the dominant religion in Bannockburn, practiced by 48.2% of its people, compared to 45.6% across the rest of Victoria.

The top three ancestral groups based on parental birth were Australian (32.8%), English (29.4%), and Irish (8.7%). Notably, Dutch ancestry was overrepresented in Bannockburn at 2.4%, compared to 2.3% regionally, Croatian at 1.4% versus 0.8%, and Hungarian at 0.4% against 0.3%.

Bannockburn's population is slightly younger than the national pattern

The median age in Bannockburn is 36 years, which is significantly below Rest of Vic.'s average of 43 and somewhat younger than Australia's median age of 38 years. The 5-14 age group comprises 16.9% of the population, compared to Rest of Vic., while the 65-74 cohort makes up 8.0%. According to post-2021 Census data, the 35 to 44 age group has increased from 14.8% to 16.7%, whereas the 45 to 54 cohort has decreased from 13.8% to 13.0%. Population forecasts for 2041 suggest substantial demographic changes in Bannockburn, with the 25 to 34 age group projected to grow by 102%, reaching 2,013 people from a starting point of 995.