Phillip Bay NSW 2036: Property Market Report & Real Estate Insights

Part of Randwick, NSW

Phillip Bay Real Estate Market Outlook

Thinking about buying in Phillip Bay? Now could not be a better time, with just 337 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,384,000 with prices in this suburb ranging from $818,000 to $3,848,000. Phillip Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Phillip Bay

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 Bay are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Phillip Bay classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Phillip Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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

Phillip Bay, located in the Randwick area of New South Wales, is a small and charming suburb that offers a unique blend of coastal living and urban convenience. The housing market in this region is characterized by a variety of property types, ranging from renovated historical homes to contemporary apartments. While property prices here have experienced growth over the years, the area remains relatively affordable compared to its more high-profile neighbors like Maroubra and Coogee. Buyers and renters alike are drawn to Phillip Bay for its relaxed atmosphere and the promise of a balanced lifestyle. Additionally, the suburb's proximity to beautiful beaches and parks makes it an attractive option for families and professionals seeking a refuge from the hustle and bustle of city life while still having access to essential amenities.

Living in Phillip Bay offers residents a serene environment with an emphasis on community and outdoor activities. The suburb is surrounded by natural beauty, including the stunning coastline and the tranquil waters of Botany Bay, which provide plenty of opportunities for water sports, fishing, and leisurely walks. Phillip Bay is also close to the Kamay Botany Bay National Park, where residents can enjoy hiking trails and scenic picnic spots. While the area is residential and peaceful, it is conveniently located near major roads and public transport links, making commutes to the Sydney CBD manageable. Schools, shops, and recreational facilities are accessible, ensuring that daily needs are met without the stress of navigating more densely populated areas. Overall, Phillip Bay offers a harmonious blend of comfort, community, and coastal beauty, making it a desirable place to call home.

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