Mark Larmer And Aaron Lewis
10/116 Easty Street, Phillip, ACT 2606
Auction: Offers over $380,000
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Open Tuesday 17 November 10:00 am Auction Monday 7 December 12:30 pm🏛️ About This Suburb (Last Updated Date: 2026-03-05)
History, Aboriginal heritage, and the story behind the name.
Phillip — Ngunnawal Country
Phillip was established as the primary commercial and geographical centre of the Woden Valley during Canberra's rapid expansion in the 1960s. It was designed to serve as a 'satellite city' to reduce pressure on the North Canberra CBD. The suburb has transitioned from a purely administrative and retail hub into a high-density residential precinct over the last decade.
A bustling mix of commercial office towers, the Westfield Woden retail precinct, and a rapidly growing skyline of modern high-rise residential apartments.
Overall Score
7.2
A strong lifestyle and investment choice for those prioritizing convenience over land ownership.
Name Origin
Named after Arthur Phillip, the first Governor of New South Wales.
Established
Gazetted 1966
Urban Renewal
Undergoing one of Canberra's largest high-density transformations.
Health Hub
Directly adjacent to the Canberra Hospital precinct in Garran.
Recreation
Home to the Phillip Swimming & Ice Skating Centre, a regional landmark.
Transit
Major bus interchange and future terminus for Light Rail Stage 2B.
📊 Scorecard
12 key dimensions scored 0–10. Each score includes a one-line explanation.
Market Momentum
6.5
Steady demand for units, though price growth is tempered by consistent new supply entering the market.
Amenity
9.2
Exceptional access to Westfield, dining, health services, and recreational facilities within walking distance.
Schools
7.0
Good access to nearby Melrose High and Canberra College, though primary options are in adjacent suburbs.
Transport
8.8
Currently a major bus hub with significant future upside from the planned light rail extension.
Risk Profile
5.5
Moderate risk due to high-density apartment concentration and potential for building defects in newer towers.
Liveability
7.8
High for young professionals and downsizers seeking a 'lock-up-and-leave' lifestyle.
Demographics
7.2
Dominated by young professionals, healthcare workers, and a growing number of retirees.
Rental Demand
8.5
Very strong due to proximity to the hospital and government employment hubs.
Growth Potential
7.5
Driven by the Light Rail Stage 2B project and the ongoing Woden Town Centre master plan.
Affordability
8.2
One of the more accessible entry points into the premium Woden Valley region.
Crime & Safety
6.2
Typical for a major commercial hub; higher rates of petty crime compared to quiet residential streets.
Walkability
9.4
Extremely high; most residents can complete daily errands without a vehicle.
⚡ Quick Snapshot
Key metrics at a glance, plus your top advantages and watch-outs.
Property Type
95% Units/Townhouses
Minimal detached housing available.
Gross Yield
5.2% - 5.8%
Strong performance for unit investors.
Walk Score
94/100
Walker's Paradise.
Future Link
Light Rail 2B
Planned connection to City/Civic.
Employment
High
Proximity to Health and Gov hubs.
Median Age
34
Younger than the ACT average.
✅ Key Advantages
- Unbeatable convenience with Westfield Woden and local dining at your doorstep.
- High rental yields and low vacancy rates driven by healthcare and public service workers.
- Significant future capital growth potential linked to the Light Rail Stage 2B infrastructure.
- Excellent recreational facilities including the ice rink, pool, and nearby Eddison Park.
- Diverse price points making it accessible for first-home buyers and investors.
⚠️ Key Watch-Outs
- High volume of competing apartment stock can limit short-term capital gains.
- Significant construction noise and traffic disruption from ongoing town centre redevelopments.
- High strata levies in newer complexes with extensive lifestyle amenities (pools, gyms).
- Pockets of the suburb feel industrial or commercial rather than residential.
- Potential for 'canyon effect' and loss of views as more high-rise towers are approved.
🏘️ Suburb Overview
Character, property mix, price range and what drives value here.
🏙️ Character
Urban Professional
How this suburb feels day-to-day.
🏠 Property Types
Almost exclusively high-density apartments and modern townhouses.
Dominant dwelling stock.
💰 Price Range
$450,000 – $950,000 (Units/Townhouses)
Typical entry to ceiling.
💡 Why It Matters
Phillip is the primary high-density hub for Canberra's south. It offers a metropolitan lifestyle that is rare in the ACT outside of the City/Braddon, making it a critical location for those who value transit and amenity over backyard space.
💰 Price Guide & Market Trends
Medians, rental market, 5-year history and property split.
🏠 House Median
—
N/A (Limited detached stock)
🏢 Unit Median
$615,000
$420k – $1.1m
📈 Price Trend
+3.4% past 12 months
12-month movement
🔑 Weekly Rents
Units $540pw - $720pw
Current asking rents
📉 5-Year Price History
🏘️ Property Type Split
The market is heavily skewed towards units. While median prices appear stable, premium new builds are pushing the upper end of the range, while older 1970s-80s units offer value at the lower end.
🎯 Affordability
How this suburb compares to metro and state medians.
🏙️ vs Metro Average
15% below Canberra unit median
Price comparison
📋 Income Ratio
6.2x annual income
Median price ÷ median income
💳 Gross Yield
5.4% gross yield
Estimated rental yield
More AffordableModeratePremium
Entry levelMid rangePremium
Phillip remains one of the most affordable ways to enter the Woden Valley market, particularly for those who do not require a detached house. Rental yields are higher than the Canberra average.
🔥 Rental Demand
Vacancy rates, demand pressure, tenant profile, and investor outlook.
📊 Vacancy Rate
1.4%
Lower = tighter market
⏱️ Days to Lease
18 days
Avg time on market
📈 Rent Growth p.a.
+5.2% pa
Annual rental increase
Demand Level
High
👤 Tenant Profile
Young professionals, hospital staff (nurses/registrars), and government contractors.
💼 Investor Outlook
Strong income-producing potential. Investors should focus on buildings with lower strata fees or unique features to stand out in a crowded rental market.
🚀 Growth Potential
Historical capital growth, infrastructure pipeline, and 5-year outlook.
+3.4%
1-Year Growth
+12.5% cumulative
3-Year Growth
+26.8% cumulative
5-Year Growth
📍 Growth Drivers
- Light Rail Stage 2B (Woden to City) extension.
- Canberra Hospital expansion and modernization in adjacent Garran.
- Woden Town Centre Master Plan revitalizing public spaces.
- CIT Woden campus development bringing students to the area.
- Continued gentrification of the Phillip trades area into 'eat-street' precincts.
⛔ Headwinds
- Ongoing high-density pipeline creating supply-side pressure.
- Rising interest rates impacting the borrowing capacity of the target first-home buyer demographic.
- Potential for increased strata costs due to insurance and maintenance on high-rise builds.
🔮 5-Year Outlook
Positive, with the most significant gains expected upon the completion of the Light Rail and the CIT campus, which will cement Phillip as a primary transit-oriented development hub.
🛡️ Crime & Safety
Safety index, trend comparison, and what to check locally.
6
Safety Score
Average
📉 Trend
Stable
vs last 12 months
🏙️ vs Metro Average
10% above metro average for property-related incidents
Relative comparison
Risk Categories
Theft from Motor Vehicle: Medium
Property Damage: Medium
Personal Safety: Low
📋 What to Check Locally
Check secure parking arrangements and building security protocols. Most incidents are concentrated around the commercial car parks and the bus interchange.
⚠️ Risk Profile
Natural hazards and planning risks to verify before buying.
📋 Summary
The primary risks in Phillip are related to the high-density nature of the suburb, specifically building quality and future supply.
🌊 Flood Risk
Low risk; minor localized ponding possible near Yarralumla Creek during extreme events.
🔥 Bushfire Risk
Very Low; fully urbanized environment.
🏦 Insurance Impact
Potential for high premiums in buildings with identified combustible cladding or history of water ingress.
🗺️ Planning & Zoning
Development controls, overlays, and what's changing locally.
📐 Typical Zoning
CZ1 Core Zone and CZ2 Business Zone
🔲 Overlays
Woden Town Centre Precinct Code
🏗️ Development Hotspots
Woden Town Centre core and the former trades district.
Planning is heavily geared toward high-density residential and mixed-use, meaning your 'view' today could be a building site tomorrow.
🌳 Liveability
Day-to-day experience — transport, amenity, green space, schools and healthcare.
🚌 Transport
Excellent bus connectivity; future Light Rail hub.
🛍️ Amenity & Retail
World-class; everything from groceries to high-end dining is walkable.
🌲 Parks & Recreation
Good access to Eddison Park and the Woden Town Square.
🏫 Schools
Proximity to high-quality secondary and tertiary institutions.
🏥 Healthcare
Exceptional; walking distance to Canberra Hospital and various private clinics.
👥 Demographics
Who lives here — income, age, ownership, and education levels.
A diverse, transient, and professional population with a high proportion of single-person and couple-only households.
💵 Median Income
$98,000 pa (Individual)
🏠 Ownership
35% owner-occupied, 62% renting
🎂 Age Profile
Median age 34
🎓 Education
High; over 45% hold a bachelor's degree or higher.
📊 Age Distribution
The high rental population ensures a liquid rental market but can lead to less community 'stickiness' compared to outer suburbs.
🏗️ Major Developments
Infrastructure pipeline and what it means for values and liveability.
📋 Overview
The Woden Town Centre is undergoing a multi-billion dollar transformation.
📈 Positive Impacts
- New CIT Woden campus bringing 6,500 students.
- Light Rail Stage 2B connecting the south to the city.
- Upgraded Woden Bus Interchange.
- New community facilities and improved public realm in the Town Square.
📉 Negative Impacts
- Long-term construction noise and dust.
- Increased traffic congestion during peak hours.
- Loss of some traditional 'trades' services as land is redeveloped.
🗺️ Nearby Suburb Comparison
How neighbouring suburbs stack up on price, lifestyle and who they suit.
📍Garran
Position
East
Price
Significantly more expensive (houses)
Lifestyle
Quiet, leafy, family-oriented residential.
Best for
Established families and medical professionals.
📍Lyons
Position
West
Price
More expensive
Lifestyle
Mid-century houses with larger blocks.
Best for
Renovators and families.
📍Pearce
Position
South
Price
Premium prices
Lifestyle
Elevated, quiet, and very suburban.
Best for
Long-term owner-occupiers.
📍Mawson
Position
South-West
Price
Slightly more expensive
Lifestyle
Mix of units and houses with a local 'village' feel.
Best for
Downsizers and young families.
🔍 Similar Suburbs
Suburbs with a comparable profile — useful if this one is over budget or sold up.
Belconnen
ACT
7.5/10
Major town centre hub with high-density living and a large lake/recreation focus.
Gungahlin
ACT
7.0/10
Modern, transit-oriented development with high apartment concentration.
Parramatta
NSW
8.0/10
A secondary CBD with massive infrastructure investment and high-rise living.
Box Hill
VIC
7.8/10
Satellite city hub with significant high-rise development and medical proximity.
💬 Community Sentiment
Aggregated themes from resident discussions, forums and local feedback.
📊 Overall Community Sentiment
Residents love the '15-minute city' lifestyle where a car is optional, though some lament the loss of the suburb's older, low-key character.
★★★★★
Convenience
I walk to work at the hospital and do my grocery shopping on the way back. It's the easiest lifestyle I've ever had in Canberra.
Walkability
Work-life balance
★★★★☆
Investment Value
I bought here because of the light rail. The construction is a bit annoying right now, but I know it'll pay off in a few years.
Future growth
Construction noise
★★★★☆
Amenities
Moving from a big house in Garran to an apartment here was the best move. Everything is so close, and I feel very safe in my building.
Accessibility
Security
★★★☆☆
Strata Issues
The rental yield is great, but my strata fees have jumped 20% in two years. You have to watch the outgoings closely.
Yield
Strata costs
★★★★★
Location
Perfect for shift work. I can get home in 5 minutes and there's always somewhere open to grab food late at night.
Proximity
Dining options
★★★☆☆
Traffic
The traffic around the mall on weekends is a nightmare. I usually just stay on foot to avoid the gridlock.
Congestion
Walkability
💡 Tailored Advice
Personalised guidance for every role in this market.
🧑💼 Buyer Strategy
- Prioritize buildings with a high percentage of owner-occupiers to ensure better long-term maintenance.
- Check the 'Woden Town Centre Master Plan' to see if any future towers will block your apartment's sunlight or views.
- Request a full strata report to check for any history of cladding issues or structural defects.
- Look for apartments with two car spaces; they are rare in Phillip and hold significantly better resale value.
- Negotiate harder on properties that have been on the market for more than 45 days, as supply is currently high.
❓ Questions to Ask the Agent
- What is the owner-occupier to tenant ratio in this specific building?
- Are there any planned special levies or known structural issues in the strata minutes?
- What is the EER (Energy Efficiency Rating) of this unit?
- Are there any upcoming developments approved for the vacant lots nearby?
- How does the strata fee compare to other similar buildings in Phillip?
- What is the current vacancy rate for this specific complex?
- Is the parking space on a separate title or allocated?
- Has the building undergone a recent cladding audit?
🏷️ Seller Strategy
- Highlight energy efficiency ratings (EER), as Canberra buyers are highly sensitive to heating/cooling costs.
- Professional styling is essential to differentiate your unit from the high volume of similar stock.
- Focus marketing on the 'Light Rail' proximity and the walkability to Westfield.
- Ensure all minor maintenance is completed; buyers in this price bracket often want 'move-in ready' properties.
- Consider an auction if the property has a unique feature like a large terrace or top-floor position.
📣 Positioning Tips
Position the property as a 'lifestyle-first' investment that captures the upcoming infrastructure boom. Emphasize the ease of living and the proximity to major employment hubs.
💼 Investment Case
Phillip offers a classic 'yield-play' with significant infrastructure-led capital growth potential over a 7-10 year horizon.
⚠️ Investment Risks
Oversupply of generic 1-bedroom units and rising strata management costs.
📈 Action Plan
- Target 2-bedroom, 2-bathroom units with secure parking.
- Avoid buildings with excessive 'lifestyle' amenities if you want to keep strata fees low.
- Focus on the 'Eastern' side of Phillip for closer proximity to the hospital.
- Review the sinking fund of the owners corporation before committing.
- Consider a long-term lease strategy for hospital staff.
🔑 Renter Tips
- Look for apartments that include water in the rent to save on utilities.
- Check the mobile phone reception inside the building, as some concrete towers have dead zones.
- Ask about the parcel delivery system in the building; secure lockers are a major plus.
- Test the commute to the bus interchange during peak hours before signing.
🏘️ What Renters Love Here
Unbeatable access to shops and transport; modern living standards.
⚠️ Renter Watch-Outs
Construction noise can be a daily reality; visitor parking is often very limited.
🏢 Landlord Strategy
- Offer a 12-month lease to align with the hospital's registrar rotation cycle in February.
- Ensure the property is NBN-ready with high-speed capabilities to attract remote workers.
- Install high-quality window treatments to improve the EER and tenant comfort.
- Keep a close eye on the 'trades' area redevelopment for new amenity to mention in ads.
📋 Compliance & Management
Ensure all smoke alarm and electrical safety checks are up to date as per ACT legislation.
🤝 Agent Insights
- The market is currently bifurcated: high demand for premium/unique units, slower movement for generic stock.
- Buyers are increasingly asking about the future light rail route and stop locations.
- EER (Energy Efficiency Rating) is a primary filter for most Canberra buyers.
🎯 Marketing Angles
The '15-Minute City' lifestyle; Future-proofed by Light Rail; The heart of the Woden Valley renewal.
👤 Target Buyer Profile
First-home buyers (25-35), hospital professionals, and savvy long-term investors.
✅ Due Diligence Checklist
Tap items to tick them off. Don't skip these before signing anything.
✓
Review the ACT Section 119 Certificate (Strata Report).
✓
Check the ACT Planning 'Development Application' portal for nearby sites.
✓
Verify the distance to the nearest planned Light Rail stop.
✓
Inspect the property at peak hour to assess noise levels.
✓
Confirm the energy efficiency rating (EER) meets your requirements.
✓
Check for any 'land tax' implications if purchasing as an investment.
✓
Review the building's insurance policy and any exclusions.
✓
Test all appliances and the heating/cooling system during the inspection.
✓
Check the secure storage cage size and location.
✓
Verify the visitor parking arrangements for the complex.
✓
Assess the condition of common areas (gym, pool, lifts).
✓
Confirm the NBN connection type (FTTP is preferred).
📚 Government Sources & Disclaimer
Official council and government links only. Always verify independently before any property decision.
⚠️ Important Disclaimer
This report is based on data available as of 2026-03-05. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with professionals before making a purchase decision.
