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Buchan, VIC 3885
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$270,000
market range $250K-$425K
Median Unit
$335,000
Gross Yield (units)
3.3%
1yr Growth
-
Investment snapshot for Buchan
Buchan has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Buchan market and investor summary
In Buchan, VIC 3885, the median house sells for around $270K. At 2.7% vacancy, it is a broadly balanced rental market.
Houses also take time to sell, around 124 days on market, so plan for a slower exit if you ever need one.
Living in Buchan: people, income and schools
Buchan has a resident population of roughly 201, a number that has held fairly steady over five years. At a median age of 54, it reads as an older, established demographic, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $56,000 a year (about $1,080 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to roughly 4.8 times local household income, leaving more headroom than most capital-city markets. Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 201
- +5% over 5yr
- Median age
- 54 years
- Median household income
- $56,000/yr
- Households renting
- 13%
- Family households
- 61%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 985
- Unemployment
- 3.6%
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Buchan
No properties currently listed in Buchan
Search Buchan listings →Frequently asked questions about Buchan
What should I check before investing in Buchan?
Buchan has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Buchan?
The median property price in Buchan, VIC 3885 is $270K for houses and $335K for units.
What rental yield does Buchan show?
The gross rental yield in Buchan is 3.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Buchan?
The current vacancy rate in Buchan is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Buchan?
Buchan has a population of approximately 201 residents, with a median age of 54.
What schools are near Buchan?
There are 1 school within roughly 5km of Buchan. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Buchan affordable to buy in?
A median house in Buchan costs about 4.8 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Buchan's population growing?
The population of Buchan has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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