Property investors who have had real estate in Macquarie, 2614 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.71%
While Macquarie,2614 ranked number 78th in ACT for increase in median house value (annualised) increase, it is ranked 20th over the last 5 years.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
The ACT suburb of Macquarie, 2614 is in the Unincorporated ACT local government area.
Giving property investors a a solid capital gain of 22.35% for the last year, Macquarie, 2614 is the 120th highest performer in Australia in this respect.
Macquarie,2614 has offered an average of 22.35% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Macquarie 2614 should be seeing an average reduction in asking price of around -6.05% . This means that Macquarie is holding prices well when compared to other suburbs in ACT.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 4.64%, investors should hope to achieve an overall return of 3.98%
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.