Buchan (postcode 3885) is a sparsely populated locality in Victoria within the East Gippsland local government area. It is home to about 201 residents, with a settled, mature resident base and a median age of 54. Households earn a median income of $56K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, community & personal service, professionals. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are English, Australian, Irish.
The current median weekly rent is $460. The median monthly mortgage repayment is $1,000.
Buchan is served by 1 school, including 1 primary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
On the investment side, Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.