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Bannockburn, VIC 3331

Home » VIC Real Estate Data » Golden Plains Shire, VIC » Bannockburn, VIC 3331

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bannockburn, VIC 3331 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Bannockburn, VIC 3331”

  1. The total adult population (15 years or older) of Bannockburn 3331 VIC is 4,849, with a median age of 35. Of those, 55.12% are married, 9.63% are divorced or separated, 30.87% are single and 4.37% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,928. The median monthly mortgage repayment for households in this suburb is $1,863 which is 20.87% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the State of Victoria, Bannockburn, postcode 3331, encompasses an estimated 2,633 households. As of Q3 2023, standard house pricing in this suburb sits at an impressive $801,250, coupled with median weekly rent of $489. This tandem creates an attractive indicative yield of 3.17% for potential investors.

    The socio-economic milieu, represented by an IRSAD score of 1000 out of 1217, is noteworthy, implying a favourable socio-economic status. Furthermore, the renter to owner ratio in Bannockburn is exceptionally low at 11%, making this market less saturated with rental properties and reducing competition among property investors.

    The unit to house ratio, at a low of 3%, suggests a dominance of houses over units, reducing the risk of oversupply and increasing rental yields through limited competition. However, the affordability index is slightly unfavourable with 35 years assumed to fully own a property, slightly above the standard 30-year mortgage term.

    When it comes to supply measures for houses, Bannockburn exhibits encouraging factors. The stock on the market percentage stands at a low 0.31% indicating low supply, while the inventory level remains favourable at 1.12 months. The building approvals ratio, which measures potential future supply, is moderate at 1.3%.

    Bannockburn’s demand metrics for houses are strongly favourable with a combined houses and units vacancy rate of 1.37% indicating high demand. The ‘Days on Market’ for houses is remarkably low at 25 days and the buy search index measuring online search interest sits neutrally at 4.

    Though some metrics fall in the unfavourable ranges such as the affordability index, the suburb demonstrates overwhelmingly positive indicators for investment. These statistics, monitored regularly and understood within context, should feature in the toolkit of savvy property investors. To expedite these analyses, the HtAG’s Relative Composite Score (RCS) system can provide a comprehensive investment outlook using over 80 market metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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