Giving property investors a an unimpressive capital gain of 1.12% for the last year, Macgregor, 2615 is the 2761th highest performer in Australia in this respect.
Over the longer term, Macgregor has seen property prices show investors a 7.39% return over the last 3 years. This is worse than over the last 12 months
At number 51th of ACT’s most discounted properties, Macgregor is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Macgregor, 2615’s gross rental yield is 4.61%
Macgregor, 2615 ranked 42th in ACT when comparing growth in median property values or capital gain over the last 12 months. Macgregor is one of 126 in our list for ACT
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 47th in ACT.
Property investors looking for a bargain in Macgregor should be aiming for at least -3.09% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.43%, without taking into account capital value appreciation, which has been averaging out at 2.17%.
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.