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City of Greater Geelong

Bannockburn

Bannockburn Property Market
& Suburb Profile

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MEDIAN PRICES IN BANNOCKBURN

Median house price

(all agencies, last 12 months)$763k*

House price change

(all agencies, last 12 months)-1.87%

Median unit price

(all agencies, last 12 months)$560k*

Unit price change

(all agencies, last 12 months)+14.29%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

BANNOCKBURN price TRACKER

HousesUnits

Bannockburn sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)72

Average days on market (units)

(all agencies, 12 months)17

Average held period in Bannockburn

(proptrack)9 years

Bannockburn Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$572pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$415pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.52%

Average rental yield for Units

(all agencies, last 12 months)4.7%

Bannockburn total population size

(as at the last census)6,470

Median household size in Bannockburn

(as at the last census)3

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Bannockburn property types

  • Houses 65%
  • Units 2%
  • Other 33%

OCCUPANCY in Bannockburn

  • Owned 87%
  • Rented 11%
  • Other/Not Stated 2%
  • Singles 14%
  • Families 86%
  • Other 1%

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About Bannockburn

Bannockburn is a flourishing rural township located within the picturesque Golden Plains Shire of Victoria, Australia. Perfectly balancing tranquil country living with modern convenience, this highly sought-after suburb sits approximately 88 km southwest of Melbourne and offers an unparalleled lifestyle just moments from Geelong.

While offering a peaceful retreat, Bannockburn boasts exceptional connectivity - a major drawcard for families and professionals alike. Commuting is effortless, with Geelong just a 20-minute drive. You can reach the famous surf coast at Torquay in only 35 minutes, Ballarat in a convenient 45 minutes, and the Melbourne CBD in approximately an hour’s drive, with easy access via the Geelong Ring Road and Midland Highway. This strategic position ensures you can enjoy a semi-rural lifestyle without sacrificing access to major urban hubs and Victoria's iconic attractions.

Bannockburn is not just growing; it is a town with deep roots. Originally known as Leigh Road, founded in the early 1850s, the town was officially renamed Bannockburn in 1892. The township offers unique glimpses into its past with notable examples of Victorian colonial architecture. Keep an eye out for historic landmarks like the former Somerset Hotel (1854) and the Bannockburn Railway Station (1863), which lend the area a charming, established character. The real estate market here is appealing, featuring spacious family homes set on generous blocks, perfect for those seeking privacy and room to move.

The central area serves as a vibrant, essential hub for the local community, meeting all daily needs and providing opportunities for leisure. Essential services include a full-service supermarket, petrol stations, medical clinics, and a hardware store. For dining and socializing, the historic Railway Hotel & Pub is a popular local landmark, alongside various takeaway shops and cafes. A strong local focus is maintained through the renowned Golden Plains Farmers Market, a fantastic community event offering fresh local produce. Furthermore, the surrounding region boasts excellent Victorian wineries, perfect for weekend exploration.

Bannockburn is also dedicated to outdoor recreation, offering superb facilities for all ages: a fantastic concrete bike and walking trail weaves throughout the town, ideal for fitness and family outings. Near the trail's starting point is a Lions Club-founded park with quality play equipment, complemented by a dedicated skate park near the local football ground. For nature lovers, the beautiful Bannockburn Lagoon is a local spot for fishing and relaxing picnic activities, enhancing the town's serene atmosphere.

In conclusion, Bannockburn offers more than just a place to live - it provides a balanced, fulfilling lifestyle in a location that is rich in history and future potential. Its blend of historical charm, modern convenience, and outstanding accessibility makes it a compelling choice for anyone looking to invest in a quality Victorian country lifestyle.

Education

Bannockburn P-12 College
St Mary MacKillop Catholic Primary School
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Bannockburn MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025119$661,250-1.87%46$494pw4.11%
202493$637,5002.63%43$492pw4.33%
2023103$633,0000.92%58$471pw4.06%
2022112$665,2505.25%51$439pw3.76%
2021109$597,70722.29%48$414pw3.46%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025119$661,250-1.87%
202493$637,500+2.63%
2023103$633,000+0.92%
2022112$665,250+5.25%
2021109$597,707+22.29%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202546$494pw4.11%
202443$492pw4.33%
202358$471pw4.06%
202251$439pw3.76%
202148$414pw3.46%

PROUDLY SERVICING Bannockburn

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.