Garden Suburb vs Phegans Bay
Property investment comparison - Garden Suburb, NSW 2289 vs Phegans Bay, NSW 2256
Head-to-head across core investment metrics: Garden Suburb wins 2, Phegans Bay wins 2. 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 | Garden Suburb | Phegans Bay |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $690K |
| Gross rental yield (houses) | 3.80% | - |
| Gross rental yield (units) | 3.96% | 4.27% |
| 1-year house growth | +11.5% | +9.5% |
| 3-year house growth | +27.4% | - |
| Vacancy rate | 1.4% | 2.5% |
| Population | 1,959 | 406 |
Garden Suburb vs Phegans Bay: what the numbers say
The median house price is $1.1M in Garden Suburb and $1.1M in Phegans Bay, so Phegans Bay is the cheaper entry point.
Over the past year house prices moved +11.5% in Garden Suburb and +9.5% in Phegans Bay, so recent momentum favours Garden Suburb, although both suburbs recorded growth.
Rental vacancy is 1.4% in Garden Suburb and 2.5% in Phegans Bay, so landlords in Garden Suburb face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Garden Suburb is the bigger suburb, with a population of 1,959 against 406, roughly 4.8 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, Garden Suburb for recent price momentum, Garden Suburb 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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