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.
REID ranks 67th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
REID, 2612 has a capital gain of 12.38% for the past year, which is higher than average compared to its 1.8% growth within a five-year period.
With the median home price in REID sitting at $481,000, and the average rent at $420, property owners could potentially earn a 4.54% increase in gross rental yield.
Property investors have seen a 2.23% gain in REID based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on REID, 2612 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 12.38%.
A survey of average capital gains or median home price increase in suburbs across the country shows that REID, 2612 obtained a 5.67% growth over a ten-year period. It ranks 595th on our list of suburbs that property investors should look into.