Question 1

Is Phillip Bay a nice place to live?

Accepted Answer

Phillip Bay is a small coastal suburb on the northern shore of Botany Bay with a quiet, seaside character. It is largely residential, made up of low-rise housing, older weatherboard cottages and modest beachfront units that catch bay breezes and views. The area attracts people after a relaxed, beach-oriented life, from families to retirees, and offers easy access to foreshore reserves for walking, fishing and picnics. Day-to-day needs are met by nearby local shops and neighbouring coastal precincts, and regular bus routes and main roads connect Phillip Bay to the wider eastern suburbs.

The community is small, with 721 people and a median age of 44, and families make up the bulk of households. Most homes are owner-occupied (77.8%) rather than rented (22.2%). Local anchors include Yarra Bay Beach and the Yarra Bay Sailing Club. Phillip Bay is also the site of the state’s Kamay Ferry Wharves project, and a proposed cruise ship terminal in Yarra Bay remains contested locally. Whether it suits you will depend on how much you value a quiet coastal setting and close foreshore access.

Question 2

Is it expensive to live in Phillip Bay?

Accepted Answer

Renting a house in Phillip Bay runs to about $1,325 a week. Against a typical local household income of $2,193 a week as recorded at the most recent Census, that rent would take about 60.4% of a household's weekly income, which is a large share. For people weighing up renting, that rent share is the most relevant number; whether it feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Phillip Bay a good place to invest?

Accepted Answer

House rents in Phillip Bay declined sharply over the past 12 months, falling 19.7%. House values also fell, down 3.9% over the year, a more moderate decline compared with the much larger drop in rents.

If you're looking at Phillip Bay as an investment, the rent figure is the one that relates to rental income and it shows rental income fell far more than capital value over the year. Whether that pattern fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-3.9%	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$1325	N/A
Change in rent Past 12 months	-19.7%	N/A

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