Bannockburn
Suburb profile, market snapshot and recent listings for Bannockburn, VIC 3331.
About Bannockburn
Welcome to Bannockburn
Bannockburn sits on the Midland Highway around 20 kilometres south-west of Geelong, close enough for a straightforward commute but far enough to keep its own small-town identity. Once a farming service town on the Barwon River, it has grown steadily into one of the region's most popular growth corridors, drawing families and first-home buyers who want space without giving up access to the coast and the city.
With a population of 6,470 and a median age of 35, it's a suburb built around young households and new estates, though pockets of established rural-residential character remain around the older town centre. It suits buyers after a house-and-land package or a larger block, rather than those chasing apartment living or inner-urban convenience.
Lifestyle & dining
Bannockburn's day-to-day life still revolves around its compact town centre, where cafes, takeaway options and a supermarket cover the essentials without requiring a trip into Geelong. It's a practical, unpretentious kind of place — the appeal lies less in a buzzing dining strip and more in the space, quiet and small-town pace that comes with a rural backdrop just minutes from the highway.
For a bigger night out or a wider choice of restaurants and bars, Geelong's waterfront and CBD precincts are a short drive away, making Bannockburn a base for people happy to travel a little for entertainment in exchange for more affordable land at home.
Getting around
The Midland Highway runs straight through Bannockburn, giving residents an easy, direct link to Geelong and, beyond that, the Princes Freeway towards Melbourne. Most daily travel here is by car, and the road network has been built around that reality, with growing estates connected back to the highway.
Public transport options are more limited than in established Geelong suburbs, so buyers who rely on trains or frequent bus services should factor in the drive to Geelong's rail connections. Neighbouring Russells Bridge shares this car-dependent character, and both areas are best suited to households with their own vehicles.
Schools & families
Education is well catered for locally, with Bannockburn P-12 College offering a full run from primary through to secondary schooling within the town itself — a drawcard for families wanting to avoid long school runs. St Mary MacKillop Catholic Primary School adds a Catholic education option for younger children.
The combination of a P-12 college, new housing estates and a young median age of 35 has made Bannockburn a natural landing spot for families at the school-age stage of life, and much of the suburb's community infrastructure has developed around that demographic.
Housing & architecture
New housing dominates Bannockburn's current listings, with houses making up 80% of stock, land at 19% and apartments or units a negligible 1%. This mix reflects the suburb's identity as a growth-area township rather than an established inner suburb — buyers are typically choosing between a new build on a house-and-land package or a vacant block to build on, rather than shopping for older character homes or unit developments.
Block sizes tend to be generous compared with closer-in Geelong suburbs, and the newer estates bring contemporary, energy-conscious designs, while a smaller stock of older homes near the original town centre offers a bit more character for buyers after something different.
The property market
The median house price in Bannockburn currently sits at $835,000, having posted recent growth of 2.1%. That places it firmly in family-suburb territory for the Geelong region — a step up from some outer growth areas but still well below Geelong's more established, closer-in suburbs.
With land making up close to a fifth of current listings, there's still meaningful opportunity for buyers wanting to build rather than buy established, and the steady rather than explosive growth rate suggests a market that has been absorbing new supply in an orderly way. It's a suburb that tends to appeal to owner-occupiers first, with investors a secondary part of the buyer pool given the dominance of house and land stock over units.
Market snapshot
Bannockburn property market
Median sale price
$835k
House · 4 bed
Median rent
—
per week
Gross rental yield
—
annual rent ÷ sale price
Typical price range
Entry
$679k
Median
$835k
Premium
$1.35m
Days on market
34
Auction clearance
0%
Sold this year
78
Median sold price trend · House 4 bed
Compound growth +2.1% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Bannockburn by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Bannockburn, VIC 3331.
Population
6,470
residents (2021)
Median age
35
years
Household income
$2,055
median, per week
Median rent
$390
per week
Median mortgage
$1,863
per month
Mortgage / income
21%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Bannockburn
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Bannockburn
$850k
50 Rosemond Way
Sold ~July 2026
$475k
156 Burnside Road
Sold ~July 2026
$360k
91 Dardel Drive
Sold ~July 2026
$1.20m
12 Le Maitre Drive
Sold ~July 2026
$1.24m
57 Kelly Road
Sold ~July 2026
$710k
1 Darriwell Drive
Sold ~July 2026
$780k
17 Somerset Court
Sold ~July 2026
$610k
10 Victor Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Bannockburn
Compare the area
Price map around Bannockburn
Every listing for sale near Bannockburn, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Common questions
Bannockburn suburb FAQ
What is the median property price in Bannockburn?
The median house price in Bannockburn, VIC is $835k for a 4-bedroom home. Over the past year, median sold prices have risen about 2.1%.
Is Bannockburn a good place to live?
Bannockburn is a town located near Geelong, Victoria, Australia, approximately 88 km southwest of Melbourne. Bannockburn is an established residential suburb in VIC, with a population of around 6,470 and 2 schools in the area.
What is the population of Bannockburn?
Bannockburn has a population of 6,470 (ABS 2021 Census), with a median age of 35.
What schools are in Bannockburn?
There are 2 schools in or near Bannockburn, including Bannockburn P-12 College and St Mary MacKillop Catholic Primary School.
How long do homes take to sell in Bannockburn?
Properties in Bannockburn take around 34 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Bannockburn?
Entry-level properties in Bannockburn start around $679k, while premium homes reach $1.35m.
What suburbs are near Bannockburn?
Suburbs near Bannockburn include Russells Bridge.
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