Suburb Profile Report for Reid ACT (2612)

Reid House: Median price $1,376,000, Annual capital growth -3.10%, Number of sales 13, Weekly median advertised rent $750

Reid Unit: Median price $431,500, Annual capital growth 3.34%, Number of sales 20, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Reid, 2612 have given investors a capital gain of -0.47%. This compares very badly with the 5.72% for ACT as a whole.

If we look at median property appreciation over just the last three months, Reid has given property investors a paper return of -0.42%. This puts Suburb as 59 on a list of fastest fasting appreciating suburbs in ACT

With the median price for a house in Reid being $1376000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.83%

Reid is in the bottom 20% in ACT when comparing median price capital growth over the last year. Reid gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.97%.

Over the longer term, Reid has seen property prices show investors a 1.53% return over the last 3 years. This is worse than over the last 12 months

In the last year 20 properties changed hands in Reid, which puts it as the 50th most active market in ACT when comparing the number of sales per suburb.

Reid is 31th on a list of best yielding suburbs for rents in ACT with a 5.06% return

HOUSE UNIT
$1,376,000 $431,500
-0.42% -10.10%
-0.47% -18.97%
-3.10% 3.34%
$750 $420
13 20
2.83% 5.06%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Reid ACT
Demographics
Total population 1582
Median household income ($/weekly) 1344
Median age of persons 39
Median housing loan repayment ($/monthly) 2141
Average household size 2
  • Census Count Percent(%)
    20-24 years 184 11.6
    25-34 years 296 18.7
    35-44 years 178 11.2
    45-54 years 248 15.7
    55-64 years 213 13.5
    Others 464 29.3
    Age Group
    Census Count Percent(%)
    Not Married 688 57.9
    Registered Married 393 33.1
    Defacto Relationship 107 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 973 68.9
    Croatia 27 1.9
    Papua New Guinea 26 1.8
    United Kingdom 74 5.2
    Other 121 8.6
    Others 191 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 4.1
    Christianity 698 52.7
    Hinduism 22 1.7
    Islam 50 3.8
    No Religion 485 36.6
    Others 16 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 47 7.5
    $300-$399 68 10.8
    $1,500-$1,999 48 7.6
    $2,500-$2,999 72 11.5
    $4,000 or more 59 9.4
    Others 334 53.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 493 39.2
    Not in the labour force 435 34.6
    Employed, worked part-time 207 16.5
    Unemployed, looking for work 63 5.0
    Employed, away from work 60 4.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 120 15.9
    Professionals 302 39.9
    Technicians & trades workers 51 6.7
    Community & personal service workers 56 7.4
    Clerical & administrative workers 119 15.7
    Others 109 14.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 75 18.8
    Secondary 77 19.3
    Technical or Further Educational Institution 70 17.6
    University or other Tertiary Institutions 154 38.7
    Other type of educational institution 14 3.5
    Others 8 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 632 44.5
    Separate house 625 44.0
    Semi-detached, row or terrace house, townhouse 163 11.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 391 57.4
    Fully owned 175 25.7
    Being purchased 112 16.4
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals