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Phegans Bay, NSW 2256
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,095,000
market range $975K-$1.4M
Median Unit
$690,000
Gross Yield (units)
4.3%
1yr Growth (houses)
+9.5%
market range +0.0% to +12.5%
Investment snapshot for Phegans Bay
Phegans Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Phegans Bay market and investor summary
In Phegans Bay, NSW 2256, the median house sells for around $1.1M. House prices have moved +9.5% over the past year. At 2.5% vacancy, it is a broadly balanced rental market.
Living in Phegans Bay: people, income and schools
Phegans Bay is home to around 406 people, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $108,000 a year (about $2,080 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 10.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 10 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Phegans Bay sits about 43 km from the CBD. It is fairly car-dependent; the suburb scores 5 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 406
- +1% over 5yr
- Median age
- 48 years
- Median household income
- $108,000/yr
- Households renting
- 17%
- Family households
- 71%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 10
- avg ICSEA 1023
- Unemployment
- 4.9%
- Distance to CBD
- 43 km
- Walk score
- 5/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Phegans Bay
View all →Frequently asked questions about Phegans Bay
What should I check before investing in Phegans Bay?
Phegans Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +9.5% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Phegans Bay?
The median property price in Phegans Bay, NSW 2256 is $1.1M for houses and $690K for units.
What rental yield does Phegans Bay show?
The gross rental yield in Phegans Bay is 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Phegans Bay?
House prices in Phegans Bay are up 9.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Phegans Bay?
The current vacancy rate in Phegans Bay is 2.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Phegans Bay?
Phegans Bay has a population of approximately 406 residents, with a median age of 48.
What schools are near Phegans Bay?
There are 10 schools within roughly 5km of Phegans Bay. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Phegans Bay affordable to buy in?
A median house in Phegans Bay costs about 10.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Phegans Bay's population growing?
The population of Phegans Bay has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Phegans Bay from the CBD?
Phegans Bay is about 43 km from the CBD.
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