Why here
Why buyers are watching this precinct.
A country town growing on purpose: the draft Bannockburn South East plan sets out about 5,677 homes for 16,749 future residents across 524 hectares, sixteen kilometres from Geelong.
First home buyers
- New builds in growth precincts are often the entry point to the market in the Geelong region.
- State grants and concessions can apply to new homes and vacant land purchases.
- Planned school sites and parks mean the neighbourhood grows with you.
Investors
- Bannockburn is a tightly held house market: 95.9% of dwellings are separate houses.
- Rental stock is thin at 11.1% of dwellings, in a suburb that is 87.2% owner-occupied.
- Modelled gross yield and growth figures on this site are estimates only, not advice.
Families and upgraders
- A median age of 35 and 3.0 person households: this is family country.
- Larger lots and space are still realistic here compared with Geelong's inner suburbs.
- Geelong is about 20 minutes away for work, hospitals and secondary schooling.
General information only. Eligibility for grants, concessions and stamp duty savings depends on your circumstances, confirm current rules with the State Revenue Office Victoria and your own adviser. The precinct plan is a draft and has not been approved or gazetted.