Buchanan, NSW 2323
Lake Macquarie City CouncilAll suburbs in postcode 2323
Updated
Median house price
$895,000
Median of 13 house sales · NSW Valuer General · calendar 2025
Selling in Buchanan?
Get the free selling guide, personalised to Buchanan, or ask for a free appraisal from a local agent.
Buchanan at a glance
- Median unit
- $274,320
- Weekly rent
- $640
- Houses · units $480
- Population
- 212
- Median age 38
Prices: Median of 13 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2323), June 2026 · Population: 2021 Census
House prices in Buchanan
Houses change hands at $895,000 on a typical sale, below the NSW median (13 house sales, NSW Valuer General, calendar 2025). Units come in around $274,320, roughly 69% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $179,000. Prices are below the NSW median, which keeps Buchanan on the radar for first-home buyers and right-sizers.
Rental data as of June 2026· NSW rental bond data (postcode 2323)
Free appraisal in Buchanan
What’s your home worth in Buchanan?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Buchanan
Buchanan (2323) sits in the Lake Macquarie region of NSW. The median house here is $895,000, below the NSW median of around $1.10M.
Buchanan has roughly 212 residents, with a typical family-age mix. Households are mostly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Buchanan scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 29°C (warm), winter mornings around 6°C (cool). Annual rainfall lands at about 888 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 10 government primary, 2 government secondary, 2 Catholic, 3 independent.
Schools in Buchanan
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 90/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Buchanan's population at 212, with a median age of 38. That sits as a typical family-age mix. Households are mostly owner-occupied (64% own, 7% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (76% family households, 19% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 76%
- Lone person
- 19%
- Owner occupied
- 64%
- Renter occupied
- 7%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.72% (median rent $640/wk against a $895,000 price tag). Units yield 9.10% gross, often the better cash-flow play for first-time investors. Renter share is modest (7%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 3.72%
- On the $895,000 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 9.10%
- On the $274,320 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
28 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 888 mm
- Hottest month, avg max
- 29.4°C
- Coldest month, avg min
- 6.3°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Buchanan
- What is the median house price in Buchanan?
- The median house price in Buchanan, NSW 2323 is $895,000 (median of 13 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $274,320.
- How much is my house worth in Buchanan?
- A useful starting point is the Buchanan median house price of $895,000 (units $274,320). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Buchanan a good investment?
- On the published figures, the gross rental yield on houses in Buchanan is 3.7%: the median weekly house rent is $640 (NSW rental bond data (postcode 2323), June 2026) against the median house price of $895,000 (NSW Valuer General, calendar 2025). No 12-month price change is published for Buchanan: the NSW Valuer General figures we hold do not measure one. Whether Buchanan is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Buchanan postcode?
- Buchanan is in the 2323 postcode, in NSW, in the Lake Macquarie City Council region.
- Where is Buchanan?
- Buchanan is a suburb in the Lake Macquarie City Council area, NSW 2323.
- What is the average rent in Buchanan?
- The median weekly rent for houses is $640, for units it's $480.
- What schools are in Buchanan?
- There are 17 schools serving Buchanan on this page, including Stanford Merthyr Infants School, Pelaw Main Public School, Holy Spirit Primary School.
- How walkable is Buchanan?
- Buchanan has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 90.
- What suburbs are near Buchanan?
- Buchanan is close to Buttai, Heddon Greta, Stanford Merthyr, Richmond Vale, Pelaw Main.
- What is the population of Buchanan?
- The population of Buchanan is approximately 212 (2021 Census). The median age is 38.
Selling in Buchanan? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.