Fast 50 Report 2026 Banner

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 $737,500.

The upward trend in home prices in BANNOCKBURN, 3331 averaged 1.17% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.23% increase in returns based on the current median price in BANNOCKBURN.

An average of 8 real estate transactions take place per month in BANNOCKBURN which translates to 96 per annum.

96 properties were sold in BANNOCKBURN in 2016, making it the 12th most active market in VIC based on total real estate transactions.

BANNOCKBURN, 3331 places 188th in Australia based on median property value growth during the quarter.

Surburb overview

Bannockburn is the principal township of Victoria’s Golden Plains Shire, located approximately 20 kilometres north-west of Geelong, 70 kilometres south-east of Ballarat and around 85 kilometres south-west of Melbourne’s CBD. Positioned along the Midland Highway, the town has developed into an important regional centre that services surrounding rural communities while benefiting from strong links to Geelong’s employment, education and commercial sectors. Bannockburn has experienced significant population growth in recent decades as part of the broader expansion of regional Victoria.

According to the 2021 Census, Bannockburn had a population of 8,186, making it one of the largest towns in the Golden Plains region. The population includes a high proportion of families and working-age residents, with ongoing residential development supporting continued growth. Housing is predominantly detached dwellings, ranging from established homes to newer residential estates and lifestyle properties. The town’s expanding population has contributed to increased demand for local services, retail facilities and community infrastructure.

Employment opportunities are supported by retail trade, healthcare, education, construction and professional services, while many residents commute to Geelong and surrounding employment centres. Agriculture remains an important component of the broader local economy, particularly grazing and mixed farming enterprises across the surrounding district. Bannockburn’s role as a regional service hub has strengthened through ongoing commercial and infrastructure development.

Road transport is the primary means of travel, with the Midland Highway providing direct connections to Geelong, Ballarat and Melbourne. Public transport services include regional bus connections to Geelong and neighbouring communities, while rail services are available from nearby Geelong stations. The town’s location provides relatively convenient access to major transport corridors throughout south-west Victoria.

Bannockburn offers a wide range of community and recreational facilities, including schools, sporting grounds, parks, retail centres and healthcare services. The Bannockburn Recreation Precinct supports numerous sporting clubs and community activities, while local reserves and walking paths provide opportunities for outdoor recreation. Residents also benefit from proximity to Geelong’s cultural, educational and entertainment facilities, alongside access to the natural attractions of the Golden Plains region.

You’re out of free articles for this month
Loading form...