All About Phillip, Unincorporated ACT, ACT, 2606

Phillip, located within the district of Woden Valley in the Australian Capital Territory (ACT), serves as a vibrant hub for both commercial and residential life. As part of the larger Canberra area but lacking its own municipal status, Phillip is characterized by a dynamic housing market that reflects its strategic importance and desirable location. The housing market in Phillip is diverse, offering a mix of housing options from older, established homes with sizable plots to modern apartments that cater to a more urban lifestyle. Over recent years, Phillip has seen a steady increase in property prices, in part due to its proximity to the Canberra city center and its status as a key commercial precinct with amenities such as the Westfield Woden shopping center and various government departments. The demand is buoyed by its accessibility and the appeal of its mixed-use environment, which attracts a broad spectrum of residents, including young professionals, families, and older residents looking to downsize into more manageable properties.

Living in Phillip provides residents with a balanced lifestyle that combines convenience and community. The suburb's central location means that Canberra's myriad attractions and necessities are within easy reach, while the area itself hosts a variety of recreational options, including parks and sports facilities such as the Phillip Swimming and Ice Skating Centre. The local community is diverse and vibrant, with an inclusive atmosphere bolstered by the availability of restaurants, cafes, and cultural events that foster social interaction. Public transportation is well-established, making commuting straightforward, and the leafy streets provide a pleasant environment for walking and cycling. Phillip also benefits from educational institutions, medical facilities, and other essential services either within or close to its boundaries, which adds to its appeal as a convenient place to call home in the Canberra region.

Phillip Real Estate Market Outlook

Thinking about buying in Phillip? Now could not be a better time, with 6186 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $685,000 with prices in this suburb ranging from $78,000 to $23,863,000. The aproximate distance to the coast is 105 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Phillip are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Phillip provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Phillip to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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