Phillip is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2606). With a population of 5,197, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $108K per year, with an average household size of 1.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
Units have a median price of $575,000 (+2.7% YoY). The median weekly rent is $440 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,608.
Phillip is served by 1 school, including 1 secondary. The average ICSEA score is 1087, which is above the national average of 1,000. Public transport access includes 1 rail station, 42 bus stops. The crime rate in the Unincorporated ACT LGA is higher than average at 14,566 incidents per 100,000 population.
From an investment perspective, Phillip offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($575K/$1.0M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +2.7% year-on-year.
Phillip is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2606). With a population of 5,197, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $108K per year, with an average household size of 1.9 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
Units have a median price of $575,000 (+2.7% YoY). The median weekly rent is $440 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,608.
Phillip is served by 1 school, including 1 secondary. The average ICSEA score is 1087, which is above the national average of 1,000. Public transport access includes 1 rail station, 42 bus stops. The crime rate in the Unincorporated ACT LGA is higher than average at 14,566 incidents per 100,000 population.
From an investment perspective, Phillip offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($575K/$1.0M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +2.7% year-on-year.