Buchanan, located in the Cessnock region of New South Wales, offers a tranquil living environment characterized by its semi-rural charm and spacious surroundings. The housing market in Buchanan features a blend of established homes and sprawling properties, making it appealing to those seeking a quieter lifestyle away from the urban hustle. In recent years, the area has seen moderate growth in property values, reflective of its appeal to families and retirees looking for more space and a strong sense of community. With the Cessnock region experiencing broader development, Buchanan's housing market benefits from increased interest while retaining a balance between affordability and quality of life.
Living in Buchanan offers residents a unique blend of rural serenity and accessibility to essential services and amenities. The community-oriented nature of the suburb means that neighbors often know each other, contributing to a welcoming and supportive environment. Residents can enjoy the picturesque landscapes and opportunities for outdoor activities, as well as the convenience of being a short drive away from Cessnock’s town center. This proximity allows for easy access to shops, schools, and healthcare facilities. The region's celebrated wineries and natural attractions, such as the nearby Watagan Mountains, offer plenty of recreational options. Overall, Buchanan provides a peaceful lifestyle with the added benefit of connection to the vibrant offerings of the Hunter Valley region.
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Housing Stock
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Thinking about buying in Buchanan? Now could not be a better time, with just 102 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,966,000 with prices in this suburb ranging from $798,000 to $3,179,000. The aproximate distance to the coast is 19 Km.
In Buchanan there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Buchanan is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Buchanan leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Buchanan the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationStanford Merthyr Infants School
Pelaw Main Public School
Holy Spirit Primary School
Kurri Kurri High School
Kurri Kurri Public School
(While the above schools are located with the suburb of Buchanan there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 4.9 | 25.2 | 38.0 | 31.7 | 80.2 | 3.9 | 24.8 |
| Feb | 4.0 | 24.0 | 37.0 | 29.8 | 77.6 | 3.5 | 23.8 |
| Mar | 1.8 | 22.7 | 37.2 | 24.1 | 70.1 | 3.3 | 23.7 |
| Apr | 0.8 | 19.3 | 34.7 | 20.1 | 62.1 | 3.2 | 21.4 |
| May | 0.2 | 14.8 | 30.6 | 20.1 | 61.4 | 3.6 | 18.3 |
| Jun | 0.0 | 11 | 27.6 | 19.3 | 57.4 | 3.5 | 17.9 |
| Jul | 0.2 | 10.3 | 28.9 | 17.0 | 58.3 | 3.2 | 18.4 |
| Aug | 0.0 | 11.3 | 30.0 | 11.8 | 41.4 | 3.6 | 21 |
| Sept | 1.3 | 16.9 | 33.3 | 15.7 | 50.8 | 3.8 | 23.4 |
| Oct | 0.7 | 22.4 | 39.3 | 12.3 | 42.3 | 3.9 | 25.9 |
| Nov | 0.8 | 24.4 | 40.1 | 14.4 | 49.2 | 3.8 | 25.4 |
| Dec | 3.7 | 25.0 | 39 | 24.2 | 68.8 | 3.7 | 24.3 |
source: Australian Government Bureau of Meteorology
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