Phillip Bay is a small community in New South Wales within the Randwick local government area (postcode 2036). With a population of 721, the suburb has an established demographic with a median age of 44. Households earn a median income of $114K per year, with an average household size of 3.1 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Phillip Bay is $2.1 million, having dropped significantly 21.1% over the past year. Units have a median price of $2.0 million (+23.7% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,817.
Public transport access includes 2 bus stops. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Phillip Bay offers a gross rental yield of 2.7%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -21.1% year-on-year.
Phillip Bay is a small community in New South Wales within the Randwick local government area (postcode 2036). With a population of 721, the suburb has an established demographic with a median age of 44. Households earn a median income of $114K per year, with an average household size of 3.1 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Phillip Bay is $2.1 million, having dropped significantly 21.1% over the past year. Units have a median price of $2.0 million (+23.7% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,817.
Public transport access includes 2 bus stops. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Phillip Bay offers a gross rental yield of 2.7%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -21.1% year-on-year.