True Cost of Buying in Phillip Bay
2036 NSW · 13km to CBD
A decision, not just a search · Phillip Bay
Does the lower estimated monthly cost make a property the better buy?
Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.
Questions that could change the answer
- Which costs are current supplied figures, and which are model defaults?
- What happens to your buffer if interest, repairs or vacancy costs rise?
- What finance, contract or inspection condition remains unresolved before an offer?
Evidence to obtain—not yet verified here
- Current lender terms and approval conditions, not only a borrowing estimate.
- Dated levy notices, rates, insurance quotes and maintenance information.
- Contract advice, inspection findings and comparable sales evidence.
Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.
Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.
When to revisit: Revisit when any input, approval condition, price or property finding changes.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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Market Intelligence
Phillip Bay is an exclusive waterfront locality in Sydney's Eastern Suburbs, situated within Randwick City Council area. This premium residential enclave offers direct access to Botany Bay and commands some of the highest property values in the region due to its waterfront position and proximity to the CBD. The area is characterized by low-density residential development with larger blocks accommodating luxury homes and premium apartments. With limited commercial amenities, residents typically travel to nearby suburbs for shopping and services, while enjoying immediate access to waterfront recreation and being within easy reach of Eastern Suburbs beaches. The suburb attracts affluent professionals and established families seeking a prestigious address with natural amenities. Transport options are primarily road-based, with limited public transport requiring connections to major routes. The property market remains strong despite low turnover due to limited stock, with waterfront properties commanding significant premiums. Investment appeal is driven by scarcity value and the enduring desirability of waterfront Eastern Suburbs locations.
Market Snapshot
Median House
$2.1M
+4.2% 1yr
Median Apartment
$1.8M
+3.8% 1yr
Median Townhouse
$1.9M
Vacancy Rate
1.8%
42 avg DOM
Yield (Apartment)
3.2%
Yield (House)
2.8%
Auction Clearance
72%
Population
450
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$1,750,000
Stamp Duty
$78,660
1st Year Total
$118,688
House
Purchase Price
$2,150,000
Stamp Duty
$100,660
1st Year Total
$146,314
Townhouse
Purchase Price
$1,950,000
Stamp Duty
$89,660
1st Year Total
$128,420
Run Your Own Numbers
These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.
Community Profile
Median Income
$145,000
Median Age
42
Family Households
68%
Owner-Occupied
78%
Walkability
45/100
Public Transport
4/10
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