Phegans Bay vs Koolewong.
Comparing two suburbs with median house prices of $1,055,000 and $1,115,000. Phegans Bay edges out on more headline metrics in this comparison.
Phegans Bay (median $1,055,000) is roughly 5% cheaper to buy into than Koolewong ($1,115,000). Over the past year, Koolewong (0%) ran 4.1 percentage points ahead of Phegans Bay (-4.1%) on house-price growth.
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
Investors face a yield-versus-growth split: Phegans Bay delivers the better gross yield (3.20% vs 3.03%), but Koolewong has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Phegans Bay edges out on average school ICSEA (1032 vs 1008).
Common questions
Is Phegans Bay or Koolewong 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.
Which has stronger property growth, Phegans Bay or Koolewong?
Over the past 12 months, Koolewong grew 0% vs -4.1% in Phegans Bay, a gap of 4.1 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Phegans Bay or Koolewong 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, Phegans Bay or Koolewong?
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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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