Unit 417,
METROPOL 81 COOYONG STREET Reid ACT 2612

About Reid

With an average age of 31, households expect an average monthly mortgage payment of $1,993 or a weekly rent payment of $462. The average family earns a weekly income of $2,520 with a typical household size of 1.8 and a 96.43% employment rate.

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.

Public Transport

EPIC and Racecourse Macarthur Avenue Ipima Street Alinga Street Phillip Avenue Dickson Interchange Swinden Street Elouera Street Sandford Street Canberra

General Points of Interest

Canberra Centre (Monaro Mall Yamba Club Aboriginal Tent Embassy ANU Medical School Taglietti House 03 Mckeown House Australian National University Air Disaster Memorial Burbidge Amphitheatre Royal Military College Golf Club National Capital Exhibition

Population

(Country of Birth not stated 4%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• Merici College

  Braddon, ACT, 2612 Independent 7-12

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• O'Connor Cooperative School

  O'Connor, ACT, 2602 Independent K-2

  NAPLAN

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• Black Mountain School

  O'Connor, ACT, 2602 Independent 7-12

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website