Over the last year, property investments in Macgregor, 2615 have given investors a capital gain of -1.99%. This compares very badly with the 5.75% for ACT as a whole.
Macgregor,2615 was ranked 3239 in Australia by increase in median property value over the quarter.
Macgregor, 2615 is offering ACT ‘s 57th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this ACT.
With a capital gain of -0.75% for the last 12 months, Macgregor, 2615 has performed for property investments than its average annual 2.21% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 59th in ACT.
The most recent median price for Macgregor is $332500, with sellers offering an average of -1.53% off the asking price.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.21%, investors should hope to achieve an overall return of 6.10%
MacGregor is around 20km northwest of the Canberra CBD and is perfect for familiesFull summary
Information supplied by:
For impressive views of nature, such as Ginninderra Creek Valley or the Brindabella Range, look no further than Macgregor.
It is about 20km northwest of the Canberra CBD and is perfect for families attracted by its proximity to Belconnen (less than 10 minutes away), one of Canberra’s busiest shopping centres, and to schools (both public and private) and public transport links.
According to the most recent ABS Census, Macgregor’s population is young and well off, with a median age of just 31 (six years younger than the national average) and a median weekly household income of $1,898 ($664 above the national average).
There is a great combination of new and established housing in this suburb, with renovation opportunities as well.
Houses are more affordable than in neighbouring Dunlop, where the median house price is $490,000.
Moreover, landlords shouldn’t struggle to find a tenant as the vacancy rate is just 1.01%.
Houses on Mileham Street and Archdall Street are close to buses and Macgregor Primary School, and a few minutes’ drive from the Kippax shopping hub and the Charnwood and Dunlop supermarkets.
Three-bedroom single storey houses on big blocks of land can be bought for around $450,000.
Some properties have lovely mountain views.