Property investors who have had real estate in Phillip, 2606 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
The five-year average increase in median property values for Phillip,2606 has given property investors a potential capital gain of -17.50% across each of those five years.
Sellers are offering property buyers an average discount of -3.79% to buyers in Phillip at the moment, which is less than average for the rest of ACT.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.99%, without taking into account capital value appreciation, which has been averaging out at 2.05%.