Located in Australian Capital Territory within the Unincorporated ACT local government area, Phillip is a mid-sized suburb (postcode 2606). The area has roughly 5,197 residents and a mix of families and early-career residents, with a median age of 32. Households earn a median income of $108K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward public admin & safety and healthcare. 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.
On the investment side, Phillip shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($575K/$1.0M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +2.7% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.