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Buchanan suburb profile

Buchanan is a small rural locality in the Hunter Valley hinterland, characterised by grazing paddocks, pockets of native bush and a scattering of acreage properties and hobby farms. It appeals to people after a quieter, semi-rural pace while remaining within easy reach of Cessnock and the Hunter Valley wine country. The suburb has a low-key, country feel rather than a defined town centre, with unsealed and sealed rural roads linking residents to nearby services, cellar doors and open-air recreation. Housing is predominantly single-lot country homes and small farms, making Buchanan a place for outdoor living and space rather than urban convenience.

Buchanan property market performance

There aren't enough recent sales to publish a reliable median price for houses or units. House values have risen sharply, up 34.5% over the last 12 months.

Over the last 3 months five houses changed hands; unit sales are too few to report.

In Buchanan, the rental market shows house rents averaging $650 a week, down a modest 3.7% over the last 12 months. There isn't enough recent data to report unit rents.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
34.5%N/A
Sold
Past 3 months
5N/A
Median days on market
Past 12 months
N/AN/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
-3.7%N/A

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Buchanan demographics

Buchanan is a community of 212 people, with a median age of 38 and a median total household income of $2,028 a week, about $105,456 a year.

Household composition is weighted towards couples. Couple families with children are the largest group at 42.6%, while couple families without children make up 33.3% and one-parent families account for 24.1%. Together, the couple-family groups represent about three in four families (75.9%).

Homes in Buchanan are predominantly owner-occupied, with 50.0% owned with a mortgage and 40.0% owned outright, giving a combined owner-occupied share of 90.0%; renters make up 10.0%.

Suburbs near Buchanan

Some popular suburbs near Buchanan include:

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