Giving property investors a a solid capital gain of 31.31% for the last year, Phillip, 2606 is the 102th highest performer in Australia in this respect.
The five-year average increase in median property values for Phillip,2606 has given property investors a potential capital gain of -13.17% across each of those five years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.73% offered to property buyers. Sellers in Phillip itself are offering an average vendor discount of -1.37% to real estate investors.
Advertised rents are around the $460 mark per week – giving a return of 5.38% based on the median price in Suburb
Property investors who have had real estate in Phillip, 2606 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.15%
Over the longer term, Phillip has seen property prices show investors a 6.38% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Phillip is $357450, with sellers offering an average of -2.62% off the asking price.
At number 702 in a list of fastest selling suburbs, Phillip is just in the top half of suburbs in Australia with an average of days on market 65.31 for properties listed there.
The ACT suburb of Phillip, 2606 is in the Unincorporated ACT local government area.