Bannockburn, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Bannockburn
VICCensus 2021 · Population 6,476
Bannockburn is a family-oriented suburb with a total population of 6,476. The median age is 35, which is slightly younger than the Victorian average of 38. The suburb has a balanced gender distribution with 50.2% males and 49.8% females. A significant portion of the population consists of families, with 54.5% being couples with children, and 33.4% being couples without children. The area is predominantly made up of separate houses, accounting for 95.9% of the housing stock, which is higher than the Victorian average of 73.4%.
Key Highlights
- High proportion of family households - 85.5%
- Above average median household income - $2,055 weekly (vs VIC $1,759)
- Low unemployment rate - 2.9% (vs VIC 5.0%)
- Predominantly Australian-born population - 86.9%
- High percentage of separate houses - 95.9% (vs VIC 73.4%)
Things to Consider
- Lower percentage of residents with bachelor's degrees - 15.1% (vs VIC 29.2%)
- Limited public transport options - 0.8% usage
- Higher median weekly rent - $390
- Lower diversity with 93.0% speaking only English at home
- Lower work-from-home percentage - 14.5% (vs VIC 25.7%)
What's it like living here?
Daily life in Bannockburn is characterized by a strong community feel, with many residents commuting by car, as 65.1% drive to work. The suburb has a relatively low public transport usage at 0.8%, which may reflect the rural setting and reliance on personal vehicles. Work-from-home arrangements are less common here, with 14.5% of the population working from home compared to the Victorian average of 25.7%.