Question 1

Is Budgewoi a nice place to live?

Accepted Answer

Budgewoi sits on the western shore of Budgewoi Lake and has a relaxed coastal rhythm centred on boating, fishing and foreshore walks. A compact town centre of local shops and cafés sits close to the water. Housing is low-density, mixing older weatherboard cottages and brick homes with newer single-storey residences on tree-lined streets, and the suburb appeals to families and retirees seeking a quieter pace. The community numbers 3,497 people and has a median age of 44.

A council Masterplan guides foreshore and public-realm improvements, with works such as Mackenzie Reserve upgrades, foreshore sand nourishment, public art and a bush regeneration program under way, and proposed beach-access upgrades undergoing community consultation. State funding has also been listed for active and public-transport infrastructure, safety and urban design. Road links to neighbouring coastal towns and larger Central Coast centres make beaches, coastal reserves and weekend recreation readily accessible. Whether Budgewoi suits you depends on whether you want a small lakeside suburb with easy water access and a compact town centre.

Question 2

Is it expensive to live in Budgewoi?

Accepted Answer

On these figures, buying a house in Budgewoi sits well above what a typical local household earned at the last Census: the median house price of $855,500 is about 12.8 times a typical local year's household income. Renting also takes a sizeable share of local incomes, with a house rent of $580 a week equal to roughly 45% of a typical local household's weekly income at the last Census, and a unit rent of $475 a week about 37%.

If you're looking at Budgewoi, the rent share will be the most relevant number if you plan to rent, while the price multiple is the key figure for buyers. Whether those ratios feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Budgewoi a good place to invest?

Accepted Answer

The clearest movement over the past year is in house prices, which climbed 13.2%, a strong rise in what a house is worth. Rents rose too: house rents increased 9.4% and unit rents increased 5.6%, so the rent a house earns grew faster than the rent a unit earns. For someone weighing Budgewoi as an investment, the house numbers show notable capital growth over the year while the rent figures are the measures to watch if rental income is your priority; whether that combination fits your plans depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$856K	N/A
Change in value Past 12 months	13.2%	N/A
Sold Past 3 months	17	2
Median days on market Past 12 months	21	N/A
Average rent Past 12 months	$580	$475
Change in rent Past 12 months	9.4%	5.6%

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