Macquarie has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 2.65% to date .
Comparing Macquarie,2614 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
Macquarie is 58th on a list of best yielding suburbs for rents in ACT with a 3.61% return
Over the last year, property investments in Macquarie, 2614 have given investors a capital gain of 4.47%. This compares favourably with the -1.01% for ACT as a whole.
A 24.67% growth in median value for property investors in Macquarie,2614 puts this suburb at number 3rd in terms of best performing suburbs in ACT
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Macquarie, 2614’s gross rental yield is 4.23%
Located close to the Canberra CBD and closer to major hub Belconnen, Macquarie gives investors and owner occupiers an attractive option for picking up a place in the nation's capital.
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Both house and unit medians come in under the city-wide numbers, while a reasonable rent and yield are also attractive.
The suburb is known for good quality schools, a local basic shopping centre and proximity to the large Westfield at Belconnen.
Three-bedroom houses close to schools are attracting the most interest from buyers.Full summary
Selling points: Just 7km to Canberra’s CBD; 2km to Westfield Belconnen Mall; Jamison Shopping Centre; Median House Price in Macquarie is $494,000 (Canberra median house price $515,000); 8% growth to June 2012; Unit Median Price in Macquarie $415,000 (Canberra median unit price $419,000); Median average rent (advertised) $440 per week at a 4.4% Gross rental yield.
Most sought after properties: Three-bed houses with a garage close to one of the schools are in high demand. Also apartments and townhouses.
Most common properties: Three to four-bedroom homes, especially those with renovation potential.
Top amenities: Public primary school and Canberra High School. Jamison Centre, including Coles, Aldi and several small stores. Big Splash Water Park – and public swimming pool. Local Macquarie shops with pharmacy, cafe, dog groomer, Vietnamese restaurant and more.
Local industry and business: Most residents are commuters to either the city or Belconnen town centre.
Recent changes: the building of apartments and townhouses. Also, the development of Jamison Inn Tavern site into apartments.
Best streets: The Cul-de-sacs off Castlereagh and Erskine Streets are quiet and well located to public open space.
Public transport: Public transport is easily accessible from the Jamison Centre. Park and ride buses are available. Bus Route 10 direct to the city also available, as well as Route 73, 74 and 942.
Main arteries: Belconnen Way to city; Bindubi St links to William Hovell to connect to Caswell Drive (Tuggeranong Parkway); and the Gungahlin Drive Extension.