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 0.85%.
Comparing Macgregor,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Macgregor, 2615 is offering ACT ‘s 52th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this ACT.
Advertised rents are around the $430 mark per week – giving a return of 4.87% based on the median price in Suburb
Property investors who have had real estate in Macgregor, 2615 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.49%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Macgregor has fallen somewhat when compared to the 5 year average annual rate.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.15%, investors should hope to achieve an overall return of 6.15%
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.