Bannockburn (Vic.)

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According to ABS demographic updates for the wider region and recent address validations conducted by Districts after the Census, the suburb of Bannockburn (Vic.) has an estimated population of approximately 7,161 as of May 2026. This represents an expansion of 691 individuals (10.7%) since the 2021 Census, which recorded 6,470 residents. The variation is derived from an estimated resident population of 7,002 computed by Districts using the latest ABS ERP release (June 2025) plus 277 validated new addresses added since the Census. This population level translates to a density of 101 persons per square kilometer, indicating low density with potential room for future expansion. The 10.7% growth rate for the suburb of Bannockburn (Vic.) since the 2021 census outpaced the Rest of Vic. (4.3%) and the local SA4 territory, positioning it as a regional growth leader. This expansion was mainly propelled by interstate migration, which accounted for roughly of the population increase in recent times, though natural growth and overseas arrivals also made positive contributions.

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The local workforce consists of a balanced mix of professional and manual labor roles, with a strong presence in vital service industries, an unemployment rate of only 2.5%, and steady job numbers over the last year, according to statistical data aggregated by Districts. As of March 2026, there are 3,692 working residents, which keeps the local unemployment rate 1.2% lower than the Regional Vic. average of 3.7%. Participation in the labor force is exceptionally high at 71.3%, compared to 61.1% for Regional Vic. Census data indicates that a moderate 16.7% of the workforce worked from home, though this figure may have been influenced by COVID-19 pandemic restrictions.

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Tax data compiled by Districts for the 2023 financial year indicates that incomes in the suburb of Bannockburn are slightly below the national average. The median income for local taxpayers is $54,240, while the average income is $66,731, compared to $50,954 and $62,728 respectively in Regional Vic. Factoring in Wage Price Index growth of 9.62% since the 2023 financial year, current estimates would be roughly $59,458 for the median and $73,151 for the average as of March 2026. The 2021 Census reveals that household, family, and individual incomes in Bannockburn sit near the 63rd percentile nationally. The weekly income band of $1,500 - 2,999 is the most common, accounting for 39.1% of residents (2,799 people), compared to 30.3% across the wider region. Housing expenses consume of income, while strong net earnings place residents in the nd percentile for disposable income, and the local SEIFA income index ranks in the th decile.

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According to the latest Census, residential dwellings in Bannockburn consisted of 95.8% detached houses and 4.1% other housing types (including apartments and semi-detached properties), compared to 90.1% houses and 9.9% other dwellings in Regional Vic. Home ownership rates in Bannockburn stood at 30.0%, trailing Regional Vic., with the remaining households holding a mortgage (58.5%) or renting (11.4%). The median monthly mortgage payment of $1,863 was higher than the Regional Vic. average of $1,430, and the median weekly rent of $390 was also higher than the regional average of $285. Nationally, local monthly mortgage repayments align with the Australian median of $1,863, while weekly rents exceed the national median of $375.

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Families make up the vast majority of households at 85.8%, consisting of couples with children at 47.3%, couples without children at 27.5%, and single parent families at 10.2%. Non-family households account for the remaining 14.2%, with single-person households at 13.6% and group houses making up 0.9% of the total. The median household size of 3.0 individuals is larger than the Regional Vic. average of 2.4.

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The locality displays low levels of tertiary education, with university qualification rates of 17.2% sitting well below the Victorian state average of 33.4%. This represents both a developmental challenge and an opening for targeted educational programs. Among university graduates, bachelor degrees are the most common at 11.8%, followed by graduate diplomas at 2.9% and postgraduate qualifications at 2.5%. Practical and technical skills are highly prevalent, with 45.7% of residents aged 15 and over holding a vocational qualification, consisting of advanced diplomas at 12.5% and certificates at 33.2%.

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Public transport data shows 1 active transit stop operating in Bannockburn, serviced by 1 route that provides 10 passenger trips weekly. Accessibility is rated as low, with residents living an average of 979 meters from their nearest stop. Being a commuter suburb, most residents travel out of the area for work, and private vehicles are the primary mode of transport at 96%. Households average 2.1 vehicles, which is above the regional average. According to the 2021 Census, 16.7% of residents work from home, which may reflect pandemic-related working arrangements.

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Health metrics point to below-average outcomes in Bannockburn, based on Districts evaluations of mortality rates and chronic health conditions. While general health condition rates among the wider population are relatively standard, they are higher than the national average within older age cohorts. Private health insurance coverage is slightly ahead of the average SA2 region, covering approximately 53% of the population (~3,811 people), compared to 50.5% across Regional Vic.

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Bannockburn exhibits lower cultural diversity compared to average figures, with 89.9% of residents born in Australia, 93.0% holding citizenship, and 96.5% speaking only English at home. Christianity is the dominant religion, practiced by 47.2% of the population, which is comparable to the 47.3% average across Regional Vic.

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The median age of 35 years in Bannockburn is much lower than the Regional Vic. average of 43 and slightly younger than the national median of 38. Compared to Regional Vic., children aged 5 - 14 are highly represented at 16.8% locally, while residents aged 65 - 74 are under-represented at 8.1%. Since the 2021 Census, the 35 to 44 age cohort has increased from 15.2% to 16.4% of the population. Demographic models suggest the age profile of Bannockburn will change notably by 2041, with the 25 to 34 cohort projected to grow the fastest at 99%, adding 872 people to total 1,753.

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Bannockburn currently has an estimated 529 children under 5 years old, comprising approximately 292 children aged 0-2 and 194 children aged 3-4. This cohort grew by an estimated 4% since the previous census. while population forecasts indicate future growth, with an anticipated increase of 71% by 2041 (to approximately 906 children). Meanwhile the 5-12 cohort currently amounts to 971. Recent growth has been driven by high birth rates observed in the area, with approximately 12.6 births per 1,000 residents recorded over the latest two-year period analysed which ranks the area among the top 30% of areas assessed nationally.