Giving property investors a a solid capital gain of 23.15% for the last year, Reid, 2612 is the 208th highest performer in Australia in this respect.
Advertised rents are around the $850 mark per week – giving a return of 3.12% based on the median price in Suburb
Investment property in Reid has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.10%
Reid,2612 was ranked 908 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $405 and the average annual increase in value of a median property of 5.11%, investors should hope to achieve an overall return of 4.91%