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Buffalo River, VIC 3737
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,335,000
Median Unit
$165,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Buffalo River
Buffalo River has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Buffalo River market and investor summary
In Buffalo River, VIC 3737, the median house sells for around $1.3M, on a gross rental yield of 2.1% for houses. At 1.7% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 97 days on market, so plan for a slower exit if you ever need one.
Living in Buffalo River: people, income and schools
About 285 people live in Buffalo River, a number that has held fairly steady over five years. At a median age of 54, it reads as an older, established demographic, and 80% 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 $74,000 a year (about $1,420 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 a steep 18.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 40% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
- Population
- 285
- -2% over 5yr
- Median age
- 54 years
- Median household income
- $74,000/yr
- Households renting
- 16%
- Family households
- 72%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 4.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Buffalo River
No properties currently listed in Buffalo River
Search Buffalo River listings →Frequently asked questions about Buffalo River
What should I check before investing in Buffalo River?
Buffalo River has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Buffalo River?
The median property price in Buffalo River, VIC 3737 is $1.3M for houses and $165K for units.
What rental yield does Buffalo River show?
The gross rental yield in Buffalo River is 2.1% for houses. 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 Buffalo River?
The current vacancy rate in Buffalo River is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Buffalo River?
Buffalo River has a population of approximately 285 residents, with a median age of 54.
Is Buffalo River affordable to buy in?
A median house in Buffalo River costs about 18.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Buffalo River's population growing?
The population of Buffalo River has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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