Tuggerawong

POSTAL CODE: NSW, 2259
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 1.18% capital gain.

Property investors in TUGGERAWONG enjoyed capital gains of 2.38% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $860,000.

Profits due to an upward trend in home prices there averaged 0.39% per annum over a 3-year period.

Home owners selling their properties and realtors in TUGGERAWONG usually have to wait an average of 59.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $565 mark, reflecting a 3.42% increase in returns based on the current median price in TUGGERAWONG.

TUGGERAWONG, 2259 places 62nd in Australia based on median property value growth during the quarter.

Surburb overview

Tuggerawong (postcode 2259) lies on the shores of Tuggerah Lake in the Central Coast region of New South Wales, approximately 7 kilometres east of Wyong’s town centre. According to the 2016 Census, Tuggerawong had a population of 1,204. It is a compact lakeside suburb covering about 1.5 square kilometres.

The demographic profile reflects a mature community: local statistics indicate that around 83.7 per cent of residents were born in Australia and 91.9 per cent speak only English at home. Religious affiliations are varied, with Anglican, Catholic and “No Religion” among the most common.

Public transport in Tuggerawong is limited but present. On Census Day in 2016, approximately 4.6 per cent of employed people used public transport for some segment of their journey, with train use accounting for about 2.9 per cent. The majority of commuters (72.4 per cent) drove themselves to work, while a smaller share worked at home or travelled as car passengers. In more recent data covering the combined area including Tacoma and Rocky Point, 58.5 per cent travelled by private car and only 1.3 per cent used public transport.

Essential services are mainly accessed in neighbouring suburbs and in Wyong. Tuggerawong itself has a local neighbourhood character, while schools, hospitals, and larger retail and commercial facilities lie nearby in Wyong and the Tuggerah corridor.

Its lakeside setting and foreshore environment enhance recreation in Tuggerawong. Local paths and foreshore reserves support walking, cycling and passive enjoyment of water views. Council is developing shared pathway connections along the foreshore (Stage 5 of the shared path) to enhance walking and cycling access between key local points.

Property data suggests a median house listing price of around $850,000 in Tuggerawong, with roughly 24 per cent of dwellings rented.

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