Phegans Bay (postcode 2256) is a sparsely populated locality in New South Wales within the Central Coast (NSW) local government area. With a population of 406, the suburb has a settled, mature resident base with a median age of 48. Households earn a median income of $108K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Phegans Bay has a median house price of $1.1 million, which has fallen by 4.1% year-on-year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,392.
Public transport access includes 5 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.8x is considered moderate. House prices have moved -4.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.