ACT has seen average median house prices change by 7.78% which means that Macgregor, 2615 has done well for property investors by showing a capital gain of 2.44% over the last year
The five-year average increase in median property values for Macgregor,2615 has given property investors a potential capital gain of 12.47% across each of those five years.
Sellers are offering property buyers an average discount of -2.67% to buyers in Macgregor at the moment, which is less than average for the rest of ACT.
With the median price for a house in Macgregor being $461000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 4.91%
Investment property in Macgregor has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.58%
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 48th in ACT.
Macgregor is 4th on a list of best yielding suburbs for rents in ACT with a 5.84% return
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.