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    Nearby Suburbs
    Stony Creek (South Gippsland - Vic.)
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    Foster North
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    Koonwarra

    Real Estate Market: Is Buffalo VIC 3958 a Good Suburb to Buy Into?

    Housing Market in Buffalo
    Key Buffalo Metrics & Forecast to 2028
    Sample Graphic
    Sources: Property Listings and Microburbs, 2002 - 2023
    Field Value VS Latrobe Trend
    Capital Growth Forecast: Houses
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    Capital Growth Forecast: Houses (2-Year Outlook)
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    Median yield for houses
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    Smart median rent: All houses
    		$500 Bottom 24% 177% to Apr 2025
    Smart median sale price: All houses
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    Housing Supply in Buffalo
    Buffalo Real Estate Investor Report
    Sample Graphic
    The higher the supply score the more supply is on the market, both current and future.
    Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
    Buffalo
    45.5%
    Buffalo
    45.5%
    Latrobe
    33.6%
    Latrobe
    33.6%
    Compare
    Suburbs
    Field Value VS Latrobe Trend
    Development applications
    		0 Bottom 38% to 0 to Jun 2025
    Developments
    		0.0 Bottom 10% Data for Jul 2023
    Housing Stock Quality Indicator
    Total new residential buildings value (SA2)
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    Days on market: houses
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    Days on market: units
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    Number of Subdivisions
    		2 lots Bottom 18% Data for Mar 2023
    Volume of houses sold in the last 30 days
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    Volume of units sold in the last 30 days
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    Stock on Market
    		3 Top 29% to Mar 2025
    Housing Stock Quality in Buffalo
    The higher the score, the higher the quality of the houses and units.
    Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023
    Field Value VS Latrobe Trend
    Houses
    		100.0% Top 31% Data for Jan 2021
    Average bedrooms - all homes
    		2.5 Top 48% 15% to Jan 2021
    NBN connection: fibreoptic cable to node
    		0.0% Bottom 37% Data for Jun 2023
    Development Restrictions in Buffalo
    Buffalo Zoning Map
    Sample Graphic
    The higher the score, the more easily density can be increased.
    Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023
    Buffalo
    19.8%
    Buffalo
    19.8%
    Latrobe
    30.6%
    Latrobe
    30.6%
    Compare
    Suburbs
    Field Value VS Latrobe Trend
    Heritage overlay total area
    		0.0 sq km Bottom 18% Data for Jun 2023
    Risk in Buffalo
    Buffalo Risk Report
    Sample Graphic
    The higher the score, the more exposed households are to financial stress.
    Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
    Buffalo
    34.3
    Buffalo
    34.3
    Latrobe
    36.1
    Latrobe
    36.1
    Compare
    Suburbs
    Field Value VS Latrobe Trend
    % Owner Occupied
    		94.8% Top 39% 1% to May 2023
    % Rentals
    		5.2% Bottom 39% 24% to May 2023
    Housing Affordability Index
    		37 Top 35% Data for Jun 2023
    Median monthly mortgage
    		$3,520 Top 5% 23% to May 2023
    Rent Affordability Index (Houses)
    		80 Top 38% Data for Jun 2023
    Rent Affordability Index (Units)
    		72 Bottom 28% Data for Jun 2023
    Mortgage as a percent of income
    		16.0% Bottom 24% 36% to Jan 2021
    Mortgaged Dwellings
    		43.4% Top 36% 34% to May 2023
    Housing Demand in Buffalo
    The higher the score, the more demand their is for housing in the area, both current and future.
    Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030
    Buffalo
    36.9%
    Buffalo
    36.9%
    Latrobe
    55.8%
    Latrobe
    55.8%
    Compare
    Suburbs
    Field Value VS Latrobe Trend
    Net internal migration (LGA)
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    Net overseas migration (LGA)
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    Future Population (SA2)
    		10800 Bottom 42% 15% to Dec 2036
    Historical Population (SA3)
    		73700 Top 42% 43% to Dec 2023
    Historical population growth
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    Population (LGA)
    		31600 Top 35% 22% to Dec 2030
    Population Projection (LGA)
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    Auction clearance rate
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    Proportion of distressed listings
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    Unit Market in Buffalo
    Buffalo Unit Investor Report
    Sample Graphic
    Sources: Property Listings and Microburbs, 2002 - 2023
    Field Value VS Latrobe Trend
    Median yield for units
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    Smart median rent: All units
    		$394 Bottom 16% 131% to Mar 2025
    Smart median sale price: All units
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    Unit to house ratio
    		89.0% Top 19% 24% to Mar 2025
    Businesses (2)
    LGA Details (1)
    Recently Sold Houses (43)
    Turnover Rate by Street (27)
    Percent of Renters by Street (33)
    Planning Applications: Dwellings (1)
    Planning Applications: Other (1)
    Median House Sale Prices by Street (100)
    Recent Rental House Listings (100)
    Recently Sold Units (100)
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    Profiles
    People & Lifestyle
    Crime & Disadvantage
    Real Estate
    Affluence & Economy
    Environment
    Nearby Suburbs
    Stony Creek (South Gippsland - Vic.)
    Fish Creek
    Middle Tarwin
    Foster North
    Meeniyan
    Tarwin Lower
    Tarwin
    Foster
    Walkerville (Vic.)
    Koonwarra