HIGH YIELD FREEHOLD INVESTMENT
- BUILDING 5066 SQM (APP)
- SITE AREA 12770 SQM (APP)
The size of Old Reynella is approximately 2.2 square kilometres. It has 8 parks covering nearly 9.4% of total area. The population of Old Reynella in 2011 was 3,300 people. By 2016 the population was 3,365 showing a population growth of 2.0% in the area during that time. The predominant age group in Old Reynella is 30-39 years. Households in Old Reynella are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Old Reynella work in a trades occupation. In 2011, 76.9% of the homes in Old Reynella were owner-occupied compared with 71.7% in 2016.
Old Reynella has 1,835 properties. Over the last 5 years, Houses in Old Reynella have seen a 106.28% increase in median value, while Units have seen a 153.03% increase. As at 31 October 2024:
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