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Buffalo, VIC 3958
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$615,000
market range $550K-$1.4M
Median Unit
$990,000
Gross Yield
-
1yr Growth
-
Investment snapshot for Buffalo
Buffalo has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Buffalo market and investor summary
Buffalo (VIC 3958) runs a median house price of $615K. At 3.5% vacancy, it is a softer rental market with more choice for tenants.
Houses also take time to sell, around 79 days on market, so plan for a slower exit if you ever need one.
Living in Buffalo: people, income and schools
Buffalo is home to around 284 people, a number that has held fairly steady over five years. The median age is 47, skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $86,000 a year, or roughly $1,650 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.2 times local household income, in line with much of metropolitan Australia.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 284
- +4% over 5yr
- Median age
- 47 years
- Median household income
- $86,000/yr
- Households renting
- 14%
- Family households
- 78%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 2.9%
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
No properties currently listed in Buffalo
Search Buffalo listings →Frequently asked questions about Buffalo
What should I check before investing in Buffalo?
Buffalo 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 Buffalo?
The median property price in Buffalo, VIC 3958 is $615K for houses and $990K for units.
How tight is the rental market in Buffalo?
The current vacancy rate in Buffalo is 3.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Buffalo?
Buffalo has a population of approximately 284 residents, with a median age of 47.
Is Buffalo affordable to buy in?
A median house in Buffalo costs about 7.2 times the median local household income (broadly in line with metropolitan Australia). 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's population growing?
The population of Buffalo has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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