ACT has seen average median house prices change by 8.25% which means that Reid, 2612 has done well for property investors by showing a capital gain of -3.40% over the last year
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
With the median price for a house in Reid being $1405500 and the advertised rent reaching $740 the gross rental yield for property investors calculates out to be 2.74%
Giving property investors a a stable capital gain of 11.63% for the last year, Reid, 2612 is the 431th highest performer in Australia in this respect.
While Reid,2612 ranked number 18th in ACT for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
In the last year 24 properties changed hands in Reid, which puts it as the 47th most active market in ACT when comparing the number of sales per suburb.
Situated 0.89km from the CBD, Reid is one of Unincorporated ACT localities in the postcode 2612.