ACT/
Reid

Suburb Profile

Reid - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2612

house
unit

REID, 2612 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,405,500.

Profits due to an upward trend in home prices in the suburb averaged 7.58% per annum over a 3-year period.

Because of this real estate investors could earn a rental income of $740 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In REID, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 18 properties were sold in REID during the past year, making it the 77th most active market in ACT based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,405,500 $481,000
GROWTH REPORT
Median Quarterly N/A 2.23%
Median 12 month -3.4% 12.38%
Median 3 years 22.75% -12.55%
Median 5 years N/A 1.8%
10 years average annual 1.03% 5.67%
Weekly media advert. rent $740 $420
Time on Market 0.0 days 0.0 days
Gross Rental Yield Percent 2.74% 4.54%
demographics (median values)
Total Population
1608
Weekly Household Income
1007
Household Size
2.00
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Reid, ACT
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