Reid is a small community in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2612). With a population of 1,544, the suburb has an established demographic with a median age of 40. Households earn a median income of $118K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Reid is $2.4 million, having dropped significantly 13% over the past year. Units have a median price of $580,000 (+11.5% YoY). The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,300.
Public transport access includes 15 bus stops. The crime rate in the Unincorporated ACT LGA is higher than average at 8,484 incidents per 100,000 population.
From an investment perspective, Reid offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 19.9x is considered stretched. House prices have moved -13.0% year-on-year.
Reid is a small community in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2612). With a population of 1,544, the suburb has an established demographic with a median age of 40. Households earn a median income of $118K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Reid is $2.4 million, having dropped significantly 13% over the past year. Units have a median price of $580,000 (+11.5% YoY). The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,300.
Public transport access includes 15 bus stops. The crime rate in the Unincorporated ACT LGA is higher than average at 8,484 incidents per 100,000 population.
From an investment perspective, Reid offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 19.9x is considered stretched. House prices have moved -13.0% year-on-year.