Thinking about buying in Reedy? Now could not be a better time, with just 187 residential dwellings it's a highly sought after location.
Distance to the coast is 380 Km.
In Reedy there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Reedy 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 Reedy 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. 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.
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|Average Properties Within 50M||21.00|
None within suburb boundary(While the above schools are located with the suburb of Reedy there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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