Phillip Bay (postcode 2036) is a close-knit residential community in New South Wales within the Randwick local government area. It is home to about 721 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $114K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Phillip Bay is $2.7 million, having dipped slightly by 1.6% over the past year. Units have a median price of $2.0 million (+23.7% YoY). The current median weekly rent is $1150. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,817.
Public transport access includes 2 bus stops. The crime rate in the Randwick LGA is below average at 2,666 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.3x is considered stretched. House prices have moved -1.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.