With a capital gain of -1.67% for the last 12 months, Macgregor, 2615 has performed for property investments than its average annual 3.15% 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 11.11% across each of those five years.
At number 54th 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.
At number 886 in a list of fastest selling suburbs, Macgregor is in the TOP 30% of suburbs in Australia with an average of days on market 59.8 for properties listed there.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 3.15%, investors should hope to achieve an overall return of 4.97%
Macgregor, 2615 ranked 40th 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
The most recent median price for Macgregor is $332500, with sellers offering an average of -1.53% off the asking price.
Residents and property investors in Macgregor have been waiting around 89.83 days to sell a property.
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.