The size of Phegans Bay is approximately 0.6 square kilometres. It has 2 parks covering nearly 21.2% of total area. The population of Phegans Bay in 2011 was 442 people. By 2016 the population was 445 showing a population growth of 0.7% in the area during that time. The predominant age group in Phegans Bay is 50-59 years. Households in Phegans Bay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phegans Bay work in a professional occupation. In 2011, 76.4% of the homes in Phegans Bay were owner-occupied compared with 72.4% in 2016.
Phegans Bay has 223 properties. Over the last 5 years, Houses in Phegans Bay have seen a 49.84% increase in median value, while Units have seen a 15.62% increase. As at 31 October 2024:
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