Investment property in Phillip has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.51%
While Phillip,2606 ranked number 35th in ACT for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.
Property buyers and investors in Phillip 2606 should be seeing an average reduction in asking price of around -3.77% . This means that Phillip is holding prices well when compared to other suburbs in ACT.
Residents and property investors in Phillip have been waiting around 67.13 days to sell a property.
A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 5.95%, without taking into account capital value appreciation, which has been averaging out at 1.72%.