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Phillip Bay, NSW 2036
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,495,000
list-price estimate
Median Unit
$880,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth (houses)
-9.5%
market range -17.5% to +0.0%
Investment snapshot for Phillip Bay
Phillip Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Phillip Bay market and investor summary
In Phillip Bay, NSW 2036, houses show a gross rental yield of 3.0%. House prices have moved -9.5% over the past year. At 4.6% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 74 days on market, so plan for a slower exit if you ever need one.
Living in Phillip Bay: people, income and schools
Phillip Bay has a resident population of roughly 721, and the area has been growing steadily, up about 8% over five years. At a median age of 44, it reads as skewed a little older, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $114,000 a year (about $2,190 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Locally, around 38% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 24 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Phillip Bay sits about 12 km from the CBD. It is fairly car-dependent; the suburb scores 43 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 721
- +8% over 5yr
- Median age
- 44 years
- Median household income
- $114,000/yr
- Households renting
- 23%
- Family households
- 78%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 24
- avg ICSEA 935
- Unemployment
- 7.6%
- Distance to CBD
- 12 km
- Walk score
- 43/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Phillip Bay
No properties currently listed in Phillip Bay
Search Phillip Bay listings →Frequently asked questions about Phillip Bay
What should I check before investing in Phillip Bay?
Phillip Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Phillip Bay show?
The gross rental yield in Phillip Bay is 3.0% for houses and 3.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Phillip Bay?
House prices in Phillip Bay are down 9.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Phillip Bay?
The current vacancy rate in Phillip Bay is 4.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Phillip Bay?
Phillip Bay has a population of approximately 721 residents, with a median age of 44.
What schools are near Phillip Bay?
There are 24 schools within roughly 5km of Phillip Bay. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Phillip Bay's population growing?
The population of Phillip Bay has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Phillip Bay from the CBD?
Phillip Bay is about 12 km from the CBD.
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