Investment property in Phillip has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.96%
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.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.24% offered to property buyers. Sellers in Phillip itself are offering an average vendor discount of -3.56% to real estate investors.
Often selling an investment property can take time, and in Phillip the average time real estate has been on the market is 80.0341 days.
Advertised rents are around the $450 mark per week – giving a return of 6.48% based on the median price in Suburb