Suburb Profile Report for Reid ACT (2612)

Reid House: Median price $1,390,000, Annual capital growth 2.94%, Number of sales 16, Weekly median advertised rent $745

Reid Unit: Median price $459,000, Annual capital growth 4.16%, Number of sales 22, Weekly median advertised rent $415

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

Source: CoreLogic

  • House Report
  • Unit Report

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 0.18%.

While Reid,2612 ranked number 74th in ACT for increase in median house value (annualised) increase, it is ranked 80th over the last 5 years.

Reid is 81th on a list of best yielding suburbs for rents in ACT with a 2.79% return

Reid, 2612 ranked 21th in ACT when comparing growth in median property values or capital gain over the last 12 months. Reid is one of 126 in our list for ACT

If we look at median property appreciation over just the last three months, Reid has given property investors a paper return of 0.88%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in ACT

Situated 0.88km from the CBD, Reid is one of Unincorporated ACT localities in the postcode 2612.

Metrics i HOUSE UNIT
$1,390,000 $459,000
-1.10% 0.88%
0.18% 7.24%
2.94% 4.16%
$745 $415
16 22
2.79% 4.70%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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
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