Bannockburn, VIC 3331
Compare Part of Golden Plains
74.13 km
Distance from Melbourne CBD
3 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $339,000 | 0.0% | $196,000 | $500,000 | 65 |
| 2010 | $393,000 | +13.7% | $272,500 | $750,000 | 58 |
| 2011 | $409,000 | +3.9% | $240,000 | $635,000 | 37 |
| 2012 | $415,000 | +1.4% | $220,000 | $720,000 | 64 |
| 2013 | $405,000 | -2.5% | $242,500 | $700,000 | 98 |
| 2014 | $423,000 | +4.3% | $285,000 | $650,000 | 89 |
| 2015 | $415,000 | -1.9% | $260,000 | $735,000 | 88 |
| 2016 | $421,000 | +1.4% | $250,000 | $770,000 | 92 |
| 2017 | $455,000 | +7.5% | $305,000 | $890,000 | 106 |
| 2018 | $530,000 | +14.2% | $375,000 | $1,215,000 | 67 |
| 2019 | $550,000 | +3.6% | $389,000 | $1,100,000 | 82 |
| 2020 | $595,000 | +7.6% | $329,000 | $1,800,000 | 92 |
| 2021 | $720,000 | +17.4% | $427,500 | $1,950,000 | 102 |
| 2022 | $760,000 | +5.3% | $470,000 | $2,810,500 | 103 |
| 2023 | $770,000 | +1.3% | $576,000 | $1,600,000 | 90 |
| 2024 | $755,000 | -2.0% | $590,000 | $1,120,000 | 20 |
Median Sale Price
$770K
Based on 89 recorded sales within the last 12 months
Updated on 20 Apr 2024
Suburb Growth
+2.6%
Current Median Price: $770,000
Previous Median Price: $750,000
Based on 181 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $350 | 0.0% | $240 | $450 | 28 |
| 2012 | $340 | -2.9% | $200 | $450 | 37 |
| 2013 | $350 | +2.9% | $220 | $440 | 60 |
| 2014 | $365 | +4.1% | $275 | $425,000 | 50 |
| 2015 | $360 | -1.4% | $280 | $460 | 63 |
| 2016 | $360 | 0.0% | $280 | $530 | 54 |
| 2017 | $410 | +12.2% | $295 | $550 | 44 |
| 2018 | $410 | 0.0% | $305 | $600 | 31 |
| 2019 | $430 | +4.7% | $300 | $600 | 44 |
| 2020 | $430 | 0.0% | $345 | $650 | 34 |
| 2021 | $440 | +2.3% | $400 | $600 | 30 |
| 2022 | $490 | +10.2% | $380 | $685 | 37 |
| 2023 | $520 | +5.8% | $350 | $1,200 | 40 |
| 2024 | $650 | +20.0% | $470 | $750 | 12 |
Median Rent Price
$550
per week
Based on 41 recorded rent within the last 12 months
Updated on 20 Apr 2024
Rent Price Growth
+9.1%
Current Median Rent: $550
Previous Median Rent: $500
Based on 81 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.7%
Current Median Price: $770,000
Current Median rent: $550
Based on 130 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Bannockburn
Houses sold in Last 12 months ends 13 Apr 2024
$850K
Median Sale Price
100%
Clearance Rate
10/10
Sold/Reported
$1.15M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M (Median Price Range) | 4 | |
| $600 K - $800 K | 4 | |
Similar Suburbs to Bannockburn 3331
Based on median house sale price sold in last 12 months
Schools closest to Bannockburn, VIC 3331
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Bannockburn Primary School | 32 HIGH STREETBannockburn 3331 | Primary | Government | 0.15 km |