Bannockburn · Urban Centre

Housing & Dwellings in Bannockburn

Where and how people live — the homes, how they are held, and what they cost.

Almost every resident in Bannockburn lives in a detached house, with 95.5% of homes being separate dwellings. This creates a landscape dominated by large family homes, where 94.1% of houses have three or more bedrooms. It is a place where the vast majority of people own their own homes rather than rent.

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📍 Bannockburn, Urban Centre

Where Bannockburn sits — Median rent (weekly)

$390
  • $0–$21: 2 areas
  • $21–$43: 6 areas
  • $43–$64: 18 areas
  • $64–$86: 38 areas
  • $86–$107: 35 areas
  • $107–$129: 46 areas
  • $129–$150: 25 areas
  • $150–$171: 104 areas
  • $171–$193: 82 areas
  • $193–$214: 143 areas
  • $214–$236: 130 areas
  • $236–$257: 175 areas
  • $257–$279: 114 areas
  • $279–$300: 125 areas
  • $300–$321: 194 areas
  • $321–$343: 101 areas
  • $343–$364: 128 areas
  • $364–$386: 82 areas
  • $386–$407: 92 areas
  • $407–$429: 41 areas
  • $429–$450: 24 areas
  • $450–$471: 32 areas
  • $471–$493: 13 areas
  • $493–$514: 19 areas
  • $514–$536: 14 areas
  • $536–$557: 9 areas
  • $557–$579: 6 areas
  • $579–$600: 15 areas

All urban centre areas, 2021. The marker is Bannockburn — higher than 86% of areas.

Median rent (weekly) compared with the state and national average
Bannockburn$390
3331, VIC $390
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rents have jumped by $190 since 2016 to reach $390, a figure much higher than most similar areas. Similarly, the usual monthly home loan payment is much higher than in most areas, rising by $671 since 2011 to hit $1,863.

$390

Higher than 86% of urban centre areas.

  • 2016: $200
  • 2021: $390

Median weekly rent paid by households renting their home.

$1,863 ▲ +56.3%

Higher than 84% of urban centre areas.

  • 2011: $1,192
  • 2016: $1,127
  • 2021: $1,863

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Bannockburn, $350–$549 is the majority at 64%; $200–$349 is next at 30%.

Monthly mortgage distribution

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In Bannockburn, the largest group is $1,800–$2,999 at 44%, followed by $1,000–$1,799 (36%) and Under $1,000 (11%).

Owning & renting

How homes are owned or rented.

Home ownership is very common here, as only 11.3% of households rent, which is far below the national figure of 30.6%. The number of people who own their home outright has fallen by 9.5 percentage points since 2011 to 28.8%, while 58.5% of homes are held with a mortgage.

11.3% ▼ -62.0%

Lower than 83% of urban centre areas.

  • 2011: 29.6%
  • 2016: 29.7%
  • 2021: 11.3%

Share of occupied private dwellings that are rented.

28.8% ▼ -24.8%

Lower than 78% of urban centre areas.

  • 2011: 38.2%
  • 2016: 38.8%
  • 2021: 28.8%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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In Bannockburn, Owned with a mortgage is the majority at 59%; Owned outright is next at 29%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses are far more common here than in the rest of the state, making up 95.5% of all homes. Large properties dominate the area, with 54.5% of homes having four bedrooms and the proportion of houses with three or more bedrooms rising by 22 percentage points since 2011.

0.80 ▼ -27.3%

Higher than 57% of urban centre areas.

  • 2011: 1.10
  • 2016: 0.70
  • 2021: 0.80

Average number of usual residents per bedroom — a crowding measure.

95.5% ▲ +13.1%

Higher than 61% of urban centre areas.

  • 2011: 84.5%
  • 2016: 87.9%
  • 2021: 95.5%

Share of occupied private dwellings that are separate houses.

94.1% ▲ +30.3%

Higher than 94% of urban centre areas.

  • 2011: 72.2%
  • 2016: 71.5%
  • 2021: 94.1%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Bannockburn, Separate house is the majority at 96%; Townhouse / semi-detached is next at 4%.

Bedrooms per home

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In Bannockburn, 4 bedrooms is the majority at 54%; 3 bedrooms is next at 33%.

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Bannockburn

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Bannockburn [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/ucl/UCL214002/bannockburn/topic/housing-dwellings