Bannockburn

POSTAL CODE: VIC, 3331

HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $717,000.

The downward trend in home prices in BANNOCKBURN, 3331 averaged -0.55% per annum over a 3-year period.

Average weekly rents on listings have reached the $605 mark, reflecting a 4.39% increase in returns based on the current median price in BANNOCKBURN.

An average of 8.17 real estate transactions take place per month in BANNOCKBURN which translates to 98 per annum.

98 properties were sold in BANNOCKBURN in 2016, making it the 4th most active market in VIC based on total real estate transactions.

BANNOCKBURN, 3331 places 508th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$717,000	N/A
Growth Report
Median Quarterly	0.28%	N/A
Median 12 month	0.63%	N/A
Median 3 years	-1.65%	N/A
Median 5 years	23.62%	N/A
10 years average annual	6.54%	N/A
Weekly media advert. rent	$605	N/A
Time on Market	97.9 days	N/A
Gross Rental Yield Percent	4.39%	N/A

Demographics (Median Values)*

Total Population 5997

Weekly Household Income 1651

Household Size 3.00

Average Age 35

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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