As a first-order approximation, I would say that phenomenality is "availability for introspective attention": Consciousness is a property of all those mental contents to which you can in principle direct your attention.
I think that there is an ongoing conspiracy in the philosophical community, an organized form of self-deception, as in a cult, to simply all together pretend that we knew what "first-person perspective" (or "quale" or "consciousness") means, so that we can keep our traditional debates running on forever.
I believe that if we would carefully apply the distinction between transparency and opacity to the different layers of the human self-model, looking at self-consciousness in a much more careful and fine-grained manner, then we might also arrive at a new answer to your original question: What a "first-person perspective" really is.
Consciousness is phenomenologically subjective whenever there is a stable, consciously experienced first-person perspective.
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