Reidsdale is a small, quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 121, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $82K per year, with an average household size of 2.4 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Reidsdale is $1.5 million, having surged by 15.4% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 1.6%. 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 2,677 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.6%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 18.2x is considered stretched. House prices have moved +15.4% year-on-year.