Buchanan is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 212, the suburb has an established demographic with a median age of 38. Households earn a median income of $105K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Buchanan is $423,000, having dipped slightly 0.6% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $3,000.
Public transport access includes 3 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Buchanan offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($423K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved -0.6% year-on-year.
Buchanan is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 212, the suburb has an established demographic with a median age of 38. Households earn a median income of $105K per year, with an average household size of 3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Buchanan is $423,000, having dipped slightly 0.6% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $3,000.
Public transport access includes 3 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Buchanan offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($423K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved -0.6% year-on-year.