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Budgewoi

POSTAL CODE: NSW, 2262
HOUSE

Property investors have seen a 0% gain in BUDGEWOI based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BUDGEWOI, 2262 saw average growth in the long term.

The NSW 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 $790,000

Profits averaged 1.67% per annum over a 3-year period, due to an upward trend in home prices in BUDGEWOI, 2262.

This means, real estate investors could earn a rental income of $540 based on current median home prices for the suburb.

The gross rental yield in BUDGEWOI, 2262 is 3.55%.

An average of 6.92 real estate transactions take place per month in BUDGEWOI which translates to 83 per annum.

Surburb overview

Budgewoi lies on the Central Coast of New South Wales, positioned on two peninsulas between the waters of Budgewoi Lake and the Pacific Ocean, with the township also adjacent to Lake Munmorah. The suburb uses postcode 2262 and falls within the Central Coast Council's jurisdiction.

By road, the distance to the Sydney central business district is approximately 110 kilometres, and it typically takes around 1 hour and 20 minutes under normal conditions.

According to the 2021 Census, Budgewoi recorded a population of 3,493 individuals, with a median age of 44 years. The Indigenous population (Aboriginal and/or Torres Strait Islander) comprised about 6.7 per cent of residents, compared with 3.4 per cent for New South Wales.

Households in the suburb were commonly occupied by separate houses, which accounted for about 88.4 per cent of dwellings. About 89.5 per cent of residents spoke English only at home, indicating fairly limited cultural or linguistic diversity relative to broader state averages.

Transport access in Budgewoi is dominated by private vehicle use, with around 54.7 per cent of employed persons reporting driving a car as their primary mode of travel to work. 

Bus services link the suburb to nearby centres and to the rail network via stations such as Wyong Station. However, a complete direct rail service is not available in the immediate area.

In 2024, the NSW Government announced a $6 million investment for upgrades to Scenic Drive in Budgewoi to improve transport network connectivity.

Essential services are available within and near the suburb, including a primary school (Budgewoi Public School), local shops, medical centres and a supermarket. Commercial and retail hubs are found along major roads linking into surrounding suburbs, and residents often access larger shopping centres in the nearby regional nodes. 

Recreationally, the suburb’s lakeside and coastal setting supports fishing, boating, swimming and walking along foreshore pathways.

The property market in Budgewoi reflects recent upward trends: the median house price over the past year was approximately $790,000, with house pricing growth of around 10.3 per cent.

Rental yields for houses were around 4.1 per cent, and median weekly rent for houses was around $525 during the most recent reporting period.

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