Suburb Profile Report for Macquarie ACT (2614)

Macquarie House: Median price $672,500, Annual capital growth 5.46%, Number of sales 18, Weekly median advertised rent $450

Macquarie Unit: Median price $475,000, Annual capital growth 5.03%, Number of sales 15, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

ACT has seen average median house prices change by 5.43% which means that Macquarie, 2614 has done well for property investors by showing a capital gain of 5.08% over the last year

Comparing Macquarie,2614 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

With the median price for a house in Macquarie being $672500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.48%

Property value increases in Macquarie have tracked just lower than the ACT average of -1.57% over the last 12 months.

Macquarie,2614 has offered an average of -6.31% return per annum in house price rises to property investors over the last three years.

In the last year 15 properties changed hands in Macquarie, which puts it as the 56th most active market in ACT when comparing the number of sales per suburb.

Property investors should expect to get $385 weekly from the median priced house in this suburb.

Peter Walker Information supplied by:

Peter Walker
Peter Blackshaw

M 0418 628 043
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W peterblackshaw.com.au
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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.
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.

Close
HOUSE UNIT
$672,500 $475,000
3.66% -0.11%
5.08% -6.31%
5.46% 5.03%
$450 $385
18 15
3.48% 4.21%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Macquarie ACT
Demographics
Total population 2557
Median household income ($/weekly) 1535
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 258 10.1
    20-24 years 243 9.5
    25-34 years 420 16.4
    35-44 years 390 15.3
    45-54 years 326 12.8
    Others 918 35.9
    Age Group
    Census Count Percent(%)
    Not Married 932 47.5
    Registered Married 842 42.9
    Defacto Relationship 189 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1742 70.8
    Croatia 108 4.4
    United Kingdom 123 5.0
    Viet Nam 44 1.8
    Other 162 6.6
    Others 282 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 3.4
    Christianity 1232 53.6
    Hinduism 27 1.2
    Islam 51 2.2
    No Religion 872 37.9
    Others 37 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 77 8.3
    $1,250-$1,499 78 8.4
    $1,500-$1,999 115 12.4
    $2,000-$2,499 86 9.2
    $2,500-$2,999 110 11.8
    Others 465 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 856 42.0
    Not in the labour force 650 31.9
    Employed, worked part-time 389 19.1
    Employed, away from work 88 4.3
    Unemployed, looking for work 56 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 193 14.5
    Professionals 458 34.5
    Technicians & trades workers 119 9.0
    Community & personal service workers 138 10.4
    Clerical & administrative workers 202 15.2
    Others 217 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 33 5.0
    Infants/Primary 162 24.4
    Secondary 151 22.7
    Technical or Further Educational Institution 86 13.0
    University or other Tertiary Institutions 219 33.0
    Others 13 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2037 83.9
    Semi-detached, row or terrace house, townhouse 219 9.0
    Flat, unit or apartment 173 7.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 397 39.8
    Being purchased 303 30.4
    Fully owned 292 29.3
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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