Phillip is in the bottom 10% in ACT when comparing median price capital growth over the last year. Phillip gave property investors a dismal capital gain figure when compared to the rest of the state, with -24.58%.
Over the longer term, Phillip has seen property prices show investors a -12.53% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Phillip are currently offering property investors an average price cut of -3.16% below the asking price at the moment.
Phillip, 2606’s gross rental yield is 6.34%