Reidsdale is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 121, the suburb has a mature demographic with a median age of 50. Households earn a median income of $82K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Reidsdale is $750,000, having dropped significantly 21.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,900.
Public transport access includes 12 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Reidsdale offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($750K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -21.1% year-on-year.
Reidsdale is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 121, the suburb has a mature demographic with a median age of 50. Households earn a median income of $82K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Reidsdale is $750,000, having dropped significantly 21.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,900.
Public transport access includes 12 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Reidsdale offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($750K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -21.1% year-on-year.