Koolewong vs Phegans Bay
Phegans Bay (median $1,055,000) is roughly 5% cheaper to buy into than Koolewong ($1,115,000).
Buying in Koolewong or Phegans Bay?
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Koolewong and Phegans Bay side by side
| Measure | Koolewong | Phegans Bay |
|---|---|---|
| Price and market | ||
| Median house | $1,115,000 | $1,055,000 |
| Median unit | $316,800 | $316,800 |
| House price change, 12 months | – | -4.1% |
| Renting | ||
| House rent | $650/wk | $650/wk |
| Unit rent | $498/wk | $498/wk |
| Owner occupied | 76.0% | 82.0% |
| Renter occupied | 22.0% | 17.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1008 | 1032 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 20 | 0 |
| Bike score | 25 | 40 |
| Population | 920 | 406 |
| Median age | 48 | 48 |
| Climate | ||
| Annual rainfall | 1244 mm | 1173 mm |
| Mean max, January | 27.4°C | 27.5°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Phegans Bay (1032) sits above Koolewong (1008).
- For buyers
- Phegans Bay is the lower entry point at $1,055,000 median, 5% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Phegans Bay offers the higher gross rental yield (3.20% vs 3.03%), favouring cash-flow investors.
- For families
- Phegans Bay edges out on average school ICSEA (1032 vs 1008).
Koolewong vs Phegans Bay: common questions
Is Koolewong or Phegans Bay cheaper to buy in?
Phegans Bay has the lower median house price at $1,055,000, roughly 5% below Koolewong ($1,115,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Koolewong or Phegans Bay have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Phegans Bay scores 1032 vs 1008 in Koolewong. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Koolewong or Phegans Bay?
Gross rental yield on houses is 3.20% in Phegans Bay vs 3.03% in Koolewong. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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