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Median values are calculated based on data over a 12 month period.

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Market Report

Phillip has 15 houses available for sale. The median property price for a house is currently 570,000 with annual capital growth of -22.97 . There were 22 house sales in the past 12 months. On average, houses spend 29 days on market.

If you're thinking about buying an investment property in Phillip, consider that rental yields for houses are currently 5.14 with an average median rent of 595 weekly. Houses have seen -5.24 growth in the past quarter, and -22.97 growth in the past 12 months.

The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2011 was 2,083 people. By 2016 the population was 2,948 showing a population growth of 41.5% in the area during that time. The predominant age group in Phillip is 30-39 years.

Households in Phillip are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phillip work in a professional occupation. In 2011, 39.8% of the homes in Phillip were owner-occupied compared with 38.2% in 2016.

Phillip has 181 units available for sale. The median property price for a unit is currently 539,500 with annual capital growth of 7.15 . There were 180 unit sales in the past 12 months. On average, units spend 41 days on market.

If you're thinking about buying an investment property in Phillip, consider that rental yields for units are currently 5.56 with an average median rent of 550 weekly. Units have seen 1.22 growth in the past quarter, and 7.15 growth in the past 12 months.

The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2011 was 2,083 people. By 2016 the population was 2,948 showing a population growth of 41.5% in the area during that time. The predominant age group in Phillip is 30-39 years.

Households in Phillip are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phillip work in a professional occupation. In 2011, 39.8% of the homes in Phillip were owner-occupied compared with 38.2% in 2016.

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Key Market Data House Unit
Median price 570,000 539,500
Quarterly growth -5.24 +1.22
12-month growth -22.97 +7.15
Average annual growth +5.08 +6.21
Weekly median rent 595 550
Gross rental yield 5.14 5.56
Number of Sales (12m) 22 180
Avg. Days on Market (12m) 29 41
Jump to Market Trends
Key Demographics 2011 2016
Total population 2,083 2,948
Population change (5y) +9.06 +41.50
Median household income (p/w) 1,615 1,812
Household income change (5y) +22.53 +12.20
Median age of persons 33 34
Jump to Demographics Trends
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