AREA REPORTS

Phillip

Suburb Profile

Phillip - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2606

unit

Property investments in PHILLIP did not fare well against the rest of the country last year, registering a median home price decrease of -23.49%.

Figures from the previous quarter show that capital gains for real estate buyers in PHILLIP are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains PHILLIP, 2606 saw average decrease in the long term.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In PHILLIP, homes and units usually stay on listing for an average of 85.0 days.

the ACT 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 $329,900

Investors saw the median home price rise to $329,900.

PHILLIP ranks 4th on the list of best yielding suburbs for rental properties in ACT, posting a 6.3% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $329,900
GROWTH REPORT
Median Quarterly N/A -19.78%
Median 12 month N/A -23.49%
Median 3 years N/A -11.44%
Median 5 years N/A -9.86%
10 years average annual N/A 0.52%
Weekly media advert. rent N/A $400
Time on Market N/A 85.0 days
Gross Rental Yield Percent N/A 6.3%
demographics (median values)
Total Population
1911
Weekly Household Income
1187
Household Size
1.70
demographics
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