Property investors who have had real estate in Phillip, 2606 should be pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 27.34%
The five-year average increase in median property values for Phillip,2606 has given property investors a potential capital gain of -14.42% across each of those five years.
Phillip, 2606 is offering ACT ‘s 53th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this ACT.
Advertised rents are around the $500 mark per week – giving a return of 5.84% based on the median price in Suburb
Phillip is an average performer in ACT when comparing median price capital growth over the last year. Phillip gave property investors a good capital gain figure when compared to the rest of the state, with 4.56%.
Over the longer term, Phillip has seen property prices show investors a 11.31% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Phillip is offering property investors an average of -3.82. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in ACT
Often selling an investment property can take time, and in Phillip the average time real estate has been on the market is 58.65 days.
Property investors should expect to get $420 weekly from the median priced house in this suburb.