Bannockburn (VIC 3331): property prices & suburb profile

Bannockburn property prices

The typical Bannockburn house sold for around $714,000 in the year to 2025-Q4, +75.9% over 10 years and +34.4% over 5 years.

• Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
• The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
• The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
• Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
• Periods with fewer than 5 recorded sales are excluded.

Bannockburn medians by quarter

The most recent quarter on record for Bannockburn is 2025-Q4.

• Sale counts are shown so you can judge how solid each median is.

Who lives in Bannockburn

Bannockburn has a median age of 35 and a median household income of $2,055 a week.

• Figures labelled Bannockburn are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Bannockburn" and postcode 3331 both extend beyond Bannockburn.
• SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in Bannockburn

The 2 schools in Bannockburn sit at the 54th percentile nationally on ACARA's socio-educational index.

• ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
• Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
• Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near Bannockburn

Bannockburn's typical house price of $714,000 is the 12th highest of the 31 Geelong & Surf Coast suburbs we cover.

• Armstrong Creek 3217

  $665,000 typical house price

• Barwon Heads 3227

  $1,469,000 typical house price

• Bell Park 3215

  $671,000 typical house price

• Bell Post Hill 3215

  $696,000 typical house price

• Belmont 3216

  $705,000 typical house price

• Charlemont 3217

  $633,000 typical house price

• Clifton Springs 3222

  $672,000 typical house price

• Corio 3214

  $537,000 typical house price

All Geelong & Surf Coast suburb research

Bannockburn: common questions

How much does a house cost in Bannockburn?

About $714,000 across the 12 months to 2025-Q4, from 85 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.

Have Bannockburn prices gone up?

Prices have risen 75.9% over 10 years and moved +34.4% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.

Can I see Bannockburn prices street by street?

Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.

Which schools are in Bannockburn?

Bannockburn has 2 ACARA-registered schools: Bannockburn P-12 College, St Mary MacKillop Catholic Primary School.