All About Reid, Unincorporated ACT, ACT, 2612

Reid, located in the heart of Canberra, is one of the oldest suburbs in the region and offers a unique blend of historical charm and modern convenience in the housing market. As part of the Australian Capital Territory, this area is known for its wide, tree-lined streets and heritage-listed homes that reflect early 20th-century architectural styles. The housing market in Reid is highly desirable due to its proximity to Canberra's city center and various cultural landmarks such as the Australian War Memorial and the National Gallery of Australia. Properties here, often characterized by their spacious lots and classic aesthetic, tend to attract both families seeking a serene yet accessible home environment and professionals working in the city. The real estate market in Reid is competitive, with demand consistently high due to the suburb's reputation for offering a quintessential Canberra lifestyle.

Living in Reid allows residents to enjoy the best of both worlds: the tranquility of a suburban setting combined with the convenience of urban amenities. The suburb is surrounded by lush green spaces, including Glebe Park and Mount Ainslie Nature Reserve, making it an ideal location for outdoor enthusiasts who appreciate walking trails and scenic views. Community life in Reid is vibrant, with a strong sense of neighborliness and various local events that bring residents together. The strategic location also means that essential services, educational institutions, and retail establishments are easily accessible, enhancing the overall quality of life. The area's unique blend of old-world charm with modern-day conveniences makes Reid a coveted place to call home in the ACT, offering a lifestyle that balances relaxation with activity.

Reid Real Estate Market Outlook

Thinking about buying in Reid? Now could not be a better time, with 1988 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $922,000 with prices in this suburb ranging from $154,000 to $133,439,000. The aproximate distance to the coast is 104 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Reid are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Reid provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Reid requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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