Question 1

Is Reid a nice place to live?

Accepted Answer

Reid sits on the edge of the city centre and the Lake Burley Griffin foreshore, mixing low-rise apartment blocks and interwar cottages with pockets of commercial and government offices. That mix gives the area a weekday bustle that settles into quiet residential streets in the evenings. Many residents are professionals and public servants who value walking access to Civic’s shops, galleries and eateries, frequent bus connections and a network of cycle paths. Nearby parks and the lake make outdoor recreation easy, and small cafés and local services keep everyday errands within a short stroll.

Home to 1,544 people with a median age of 40 and a median household income of $2,272 a week, Reid’s households are dominated by couple families, especially couples without children, and housing is mostly owner-occupied though almost half is rented. Local upgrades under the Age Friendly Suburbs Program have delivered path and access improvements, there is a government commitment to repairs at Reid Oval, the former CIT Reid site is being repurposed for the UNSW Canberra City campus, and a feasibility review has examined redevelopment options for several Ainslie Avenue public housing sites in Reid. Whether Reid suits you depends on how much you value close city access and lakeside recreation.

Question 2

Is it expensive to live in Reid?

Accepted Answer

On the figures, housing costs in Reid sit differently for renters and buyers. Against what a typical local household earned at the last Census — $2,272 a week — renting a house at $890 a week would take about 39.1% of that income, a sizeable share, while renting a unit at $620 a week would take about 27.3%, a moderate share.

For buyers, the median unit price of $485,000 is about 4.1 times a typical local household's annual income at the last Census, which sits somewhat above local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Reid a good place to invest?

Accepted Answer

House rents in Reid jumped 27.1% over the past 12 months, a strong rise. If rental income is your priority, that is the figure that will matter most.

Units tell a different story: unit values fell sharply, down 14.5% over the year, while unit rents rose a solid 5.1%. In short, rental income from houses has been the stronger performer this year, whereas units experienced a large drop in prices alongside smaller rent growth. Whether that balance suits your goals depends on whether you are focused on rental income or recent price movements.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	$485K
Change in value Past 12 months	N/A	-14.5%
Sold Past 3 months	5	16
Median days on market Past 12 months	N/A	112
Average rent Past 12 months	$890	$620
Change in rent Past 12 months	27.1%	5.1%

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