Fern Bay vs Phegans Bay
Property investment comparison - Fern Bay, NSW 2295 vs Phegans Bay, NSW 2256
Head-to-head across core investment metrics: Fern Bay wins 1, Phegans Bay wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Fern Bay | Phegans Bay |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $815K | $690K |
| Gross rental yield (houses) | 3.50% | - |
| Gross rental yield (units) | 4.00% | 4.27% |
| 1-year house growth | +6.5% | +9.5% |
| 3-year house growth | +10.6% | - |
| Vacancy rate | 1.0% | 2.5% |
| Population | 4,046 | 406 |
Fern Bay vs Phegans Bay: what the numbers say
The median house price is $1.1M in Fern Bay and $1.1M in Phegans Bay, so Phegans Bay is the cheaper entry point.
For units, Fern Bay sits at a median of $815K against $690K in Phegans Bay, which makes Phegans Bay the more affordable unit market and Fern Bay the pricier one.
Over the past year house prices moved +6.5% in Fern Bay and +9.5% in Phegans Bay, so recent momentum favours Phegans Bay, although both suburbs recorded growth.
Rental vacancy is 1.0% in Fern Bay and 2.5% in Phegans Bay, so landlords in Fern Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Fern Bay is the bigger suburb, with a population of 4,046 against 406, roughly 10 times the size of Phegans Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Phegans Bay for a lower purchase price, Phegans Bay for recent price momentum, Fern Bay for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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