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Suburb Insights ยท VIC 3737

Buffalo River 3737, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Buffalo River is a regional centre in Victoria, Australia, with a population of approximately 285, making it a boutique locality. Located approximately 196 km from the Melbourne CBD, Buffalo River is a regional area in Victoria. The median household income is $73,892 AUD per year (ABS 2021 Census).

Investment Score

32 / 100 Weak

Buffalo River has a solid income profile that supports reliable occupancy rates. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Buffalo River, Victoria, Australia.

Key Indicators

Postcode
3737

Official Australia Post postcode for Buffalo River. A postcode may cover multiple suburbs.

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Population
285

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$130/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$73,892/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
196 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,733/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
88% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Buffalo River serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $130/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Buffalo River over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Buffalo River's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Limited buyer depth in Buffalo River makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Buffalo River property

Full Property Analysis

30-year projections for Buffalo River

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Buffalo River is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Buffalo River is thinner โ€” flexible lease terms could help secure tenants faster. Buffalo River is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Buffalo River a good suburb for investment?

Buffalo River is a regional area in Victoria with a population of 285. The median rent is $130/week and the median household income is $73,892/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Buffalo River?

Key demand drivers in Buffalo River include regional employment hubs, lifestyle, and affordability. 88% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Buffalo River?

According to the ABS 2021 Census, Buffalo River has a population of approximately 285. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Buffalo River from the Melbourne CBD?

Buffalo River is approximately 196 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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