All About Buchan, East Gippsland, VIC, 3885
Buchan, located in East Gippsland, Victoria, is renowned for its scenic landscapes, including the famous Buchan Caves and lush National Parks. The housing market in Buchan is characterized by more affordable prices compared to urban centers, reflecting its rural setting. Many properties in Buchan are spacious, reflecting the area's wide-open spaces and agricultural roots. The market here usually includes a mix of standalone houses, often on large plots, which appeal to those seeking tranquility and a slower pace of life. Investment in the region has been gradually increasing as more people look to escape the hustle and bustle of city living, yet it still retains a quaint and untouched charm.
Living in Buchan offers a peaceful, community-focused lifestyle. The town is small, fostering a close-knit community where everyone knows each other, contributing to a welcoming and warm atmosphere. It's an ideal spot for nature lovers, with countless opportunities for outdoor activities such as hiking, fishing, and exploring the natural surrounds. The presence of essential amenities and regular community events ensures that while Buchan is off the beaten path, it still provides a good quality of life for its residents. The area’s rich Aboriginal culture and historical significance add to the tapestry of life here, making it a unique place to settle for those looking to experience the serenity of rural Victoria.
Household Makeup
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Housing Stock
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Buchan Real Estate Market Outlook
Thinking about buying in Buchan? Now could not be a better time, with just 346 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $400,000 with prices in this suburb ranging from $37,000 to $1,437,000. The aproximate distance to the coast is 30 Km.
Consistent high demand relative to supply is a key feature in Buchan driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Buchan due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Buchan changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Buchan 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 Valuation
Local Schools
Buchan Primary School
(While the above schools are located with the suburb of Buchan there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Buchan weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.7 | 12.2 | 24.8 | 42.2 | 88.1 | 3.6 | 22.4 |
| Feb | 2.8 | 11.8 | 23.4 | 47.3 | 91.1 | 3.6 | 19.0 |
| Mar | 2.7 | 10.3 | 20.6 | 51.2 | 90.2 | 3.5 | 15.4 |
| Apr | 1.9 | 7.7 | 17.0 | 54.3 | 92.4 | 3.3 | 12.3 |
| May | 1.7 | 4.9 | 13.0 | 58.8 | 93.1 | 3.8 | 9.4 |
| Jun | 2.5 | 3 | 10.2 | 61.6 | 92.5 | 3.7 | 8.1 |
| Jul | 1.9 | 2.7 | 10.2 | 57.5 | 90.7 | 4.2 | 8.4 |
| Aug | 1.8 | 2.7 | 10.8 | 53.9 | 90.6 | 4.2 | 10.7 |
| Sept | 1.9 | 4.5 | 14.3 | 47.1 | 91.6 | 4.3 | 15.1 |
| Oct | 2.9 | 6.5 | 17.0 | 49.0 | 91.3 | 3.9 | 19.3 |
| Nov | 2.7 | 8.5 | 19.4 | 49.4 | 91.3 | 3.6 | 21.3 |
| Dec | 2.8 | 10.1 | 22.2 | 47.4 | 93.0 | 3.6 | 24.6 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Buchan: Natural Spring - Less than 10 KM
Nearby Suburbs
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