Thinking about buying in Reid? Now could not be a better time, with just 181 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $547,000 with prices in this suburb ranging from $218,000 to $653,000. The aproximate distance to the coast is 22 Km.

Reid Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Reid due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Reid leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Reid the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Properties for sale Reid

	unit 230, metropol, 81 cooyong st, reid, act, 2612	1	1	1	Asking Price: $450,000
	unit 421, metropol, 81 cooyong st, reid, act, 2612	1	1	1	Asking Price: $460,000
	unit 120, argyle executive apartments, 33 currong st south, reid, act, 2612	3	2	1	$720,000 - $750,000
	6 booroondara st, reid, act, 2612	3	1	2	$2,075,000
	unit 716, metropol, 81 cooyong st, reid, act, 2612	1	1	1	$459,000 +
	unit 331, metropol, 81 cooyong st, reid, act, 2612	1	1	1	$450,000+
	unit 110, metropol, 81 cooyong st, reid, act, 2612	3	2	2	$759,000+
	unit 303, metropol, 81 cooyong st, reid, act, 2612	2	2	1	$559,000+

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General Points of Interest

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