Over the last year, property investments in Macgregor, 2615 have given investors a capital gain of 1.72%. This compares very badly with the 6.96% for ACT as a whole.
While Macgregor,2615 ranked number 27th in ACT for increase in median house value (annualised) increase, it is ranked 73th over the last 5 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.
Advertised rents are around the $430 mark per week – giving a return of 4.87% based on the median price in Suburb
With a capital gain of -0.75% for the last 12 months, Macgregor, 2615 has performed for property investments than its average annual 1.77% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Macgregor,2615 has racked up an average of -0.75% over the period. This ranks it number 1476th in the whole country for real estate investors looking at median house price increases.
Macgregor is 4th on a list of best yielding suburbs for rents in ACT with a 6.15% return
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.