Investment property in Macgregor has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.94%
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 75th in ACT.
At number 36th of ACT’s most discounted properties, Macgregor is in the middle of the state/territory when listing in order of most discounted to least.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 2.97%.
If you compare the increase in value of investment property in Macgregor, 2615 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 5.15%.
The five-year average increase in median property values for Macgregor,2615 has given property investors a potential capital gain of 1.02% across each of those five years.
Advertised rents are around the $395 mark per week – giving a return of 5.92% based on the median price in Suburb
MacGregor is around 20km northwest of the Canberra CBD and is perfect for familiesFull summary
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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.