Estimate from records
$1.62M
Likely range $1.06M – $2.42M · model suburb-records
Phillip Bay rarely goes to auction, so the main model has never seen it. This estimate comes from the suburb's own sales instead: the median of 8 sales over the last 60 months, brought up to date, and blended with its own last sale ($1.50M in Aug 2024, worth about $1.48M today). Bedrooms play no part in it. Measured on 5,979 such homes sold March to August 2026, this method misses by 18.4% typically for a unit, and the range below held the sale price 80% of the time.
How this estimate was made
- Method: Suburb sales estimator · data through 2026-09-05
- Inputs used for this home: previous sale
- Comparable support: 8 suburb sales inform the local price level.
- When to be more cautious: Condition, aspect, renovation and the contract are not model inputs and can move the sale price.
What is on record
TypeUnit
Bedroomsnot on record; not used by this method
Building's parcel888 m²
Land value$2.50M (July 2025)
Last sale on record$1.50M (Aug 2024)
ZoneR2