Giving property investors a an average capital gain of 5.21% for the last year, Macgregor, 2615 is the 2175th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 52th in ACT.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.07% offered to property buyers. Sellers in Macgregor itself are offering an average vendor discount of -2.82% to real estate investors.
Advertised rents are around the $400 mark per week – giving a return of 4.54% based on the median price in Suburb
Macgregor is an average performer in ACT when comparing median price capital growth over the last year. Macgregor gave property investors a average capital gain figure when compared to the rest of the state, with -0.59%.
Taking the average capital gain, or increase in median house value, Macgregor,2615 has racked up an average of -0.59% over the period. This ranks it number 1387th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Macgregor are currently offering property investors an average price cut of -3.40% below the asking price at the moment.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
With the median price for a house in Macgregor being $335000 and the advertised rent reaching $355 the gross rental yield for property investors calculates out to be 5.51%
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.