Phillip

Phillip, ACT 2606 is a suburb with a population of 5197 residents. It has a diverse demographic spread across different age groups, with a significant number of professionals and managers. The suburb offers various commuting options, with a notable percentage of residents opting to use motor vehicles. The area has a high ICSEA value, indicating a higher level of educational advantage in government schools. For houses in Phillip, the market absorption rate is high at 40.0%, indicating strong demand and potential for price growth. The low vacancy rate and high room demand-supply ratio suggest a good market for investors looking to rent out properties. On the other hand, units have a high vacancy rate of 6.3% and a market absorption rate of 8.8%, which may require a cautious approach for investors. Phillip, ACT 2606 presents a vibrant community with a good mix of professionals and managers. The suburb offers convenient commuting options and educational advantages. For property investors, houses show strong demand and potential for growth, while units require a more careful assessment due to higher vacancy rates. Overall, Phillip presents opportunities for both homeowners and investors to consider. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022