With a capital gain of 5.52% for the last 12 months, Macgregor, 2615 has performed for property investments than its average annual 4.47% property growth over the last 5 years.
The five-year average increase in median property values for Macgregor,2615 has given property investors a potential capital gain of 18.44% across each of those five years.
At number 39th of ACT’s most discounted properties, Macgregor is in the TOP 40% of the state/territory when listing in order of most discounted to least.
If you compare the increase in value of investment property in Macgregor, 2615 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was 0.60%.
A 6.05% growth in median value for property investors in Macgregor,2615 puts this suburb at number 21th in terms of best performing suburbs in ACT
Our latest figures would indicate that property sellers in Macgregor are currently offering property investors an average price cut of -3.24% below the asking price at the moment.
At number 658 in a list of fastest selling suburbs, Macgregor is just in the top half of suburbs in Australia with an average of days on market 68.1 for properties listed there.
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.