Suburb Profile Report for Phillip ACT (2606)

Phillip Unit: Median price $349,250, Annual capital growth 0.44%, Number of sales 119, Weekly median advertised rent $440

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

Are you moving house? Our tip: move your mortgage too.

Unit Report

Investment property in Phillip has done 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 -12.69%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Phillip has fallen somewhat when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -3.15% to buyers in Phillip at the moment, which is less than average for the rest of ACT.

Often selling an investment property can take time, and in Phillip the average time real estate has been on the market is 78.6556 days.

The ACT suburb of Phillip, 2606 is in the Unincorporated ACT local government area.

Metrics	HOUSE	UNIT
Median price	N/A	$349,250
Quarterly growth	N/A	-1.90%
12-month growth	N/A	-12.69%
Average Annual Growth	N/A	0.44%
Weekly median advertised rent	N/A	$440
Number of sales	N/A	119
Gross rental yield	N/A	6.55%
Days on market	N/A	78.6555555555556

DSR Score for property investment : Balanced (H), Above average (U)

Find another suburb

Find a mortgage broker in Phillip ACT

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