Suburb Profile Report for Phillip ACT (2606)

Phillip Unit: Median price $330,000, Annual capital growth 1.72%, Number of sales 104, Weekly median advertised rent $378

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report

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%.

Metrics i HOUSE UNIT
N/A $330,000
N/A 0.00%
N/A -3.51%
N/A 1.72%
N/A $378
N/A 104
N/A 5.95%
N/A 67.13

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2083
Median household income ($/weekly) 1594
Median age of persons 32
Median housing loan repayment ($/monthly) 1904
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 216 10.4
    25-34 years 686 32.9
    35-44 years 354 17.0
    45-54 years 240 11.5
    55-64 years 167 8.0
    Others 419 20.1
    Age Group
    Census Count Percent(%)
    Not Married 916 53.1
    Registered Married 551 31.9
    Defacto Relationship 258 15.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1132 57.1
    Indonesia 259 13.1
    Philippines 57 2.9
    United Kingdom 109 5.5
    Other 122 6.2
    Others 304 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 4.0
    Christianity 977 51.2
    Hinduism 105 5.5
    Islam 75 3.9
    No Religion 615 32.2
    Others 60 3.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 94 9.1
    $1,250-$1,499 121 11.8
    $1,500-$1,999 196 19.0
    $2,000-$2,499 102 9.9
    $2,500-$2,999 131 12.7
    Others 385 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1050 58.3
    Not in the labour force 363 20.1
    Employed, worked part-time 259 14.4
    Employed, away from work 78 4.3
    Unemployed, looking for work 52 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 171 12.4
    Professionals 584 42.2
    Technicians & trades workers 94 6.8
    Community & personal service workers 132 9.5
    Clerical & administrative workers 237 17.1
    Others 166 12.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 62 15.9
    Secondary 39 10.0
    Technical or Further Educational Institution 69 17.6
    University or other Tertiary Institutions 177 45.3
    Other type of educational institution 30 7.7
    Others 14 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 995 50.9
    Semi-detached, row or terrace house, townhouse 920 47.1
    Separate house 39 2.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 644 59.5
    Being purchased 244 22.5
    Fully owned 192 17.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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