Over the last year, property investments in Phillip, 2606 have given investors a capital gain of 14.16%. This compares very favourably with the 0.87% for ACT as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Phillip has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Phillip, 2606. Typically our figures indicate that -3.26% is being offered, which puts this ACT suburb at 986th most discounted overall in Australia.
Phillip is 13th on a list of best yielding suburbs for rents in ACT with a 5.90% return