MacGregor is a prime example of the ripple effect taking place in Canberra, says Raine & Horne Canberra director Peta Barrett, and it’s starting to challenge Gungahlin for the mantle of Canberra’s outlying hotspot.
“Gungahlin is a popular hotspot, however MacGregor is further from the city and is beginning to generate good returns,” says Barrett. “There are plenty of buyers and a lot of properties selling at good prices.”
At 20-odd kilometres north-west of the Canberra CBD, close to the border with New South Wales, Macgregor’s not exactly the most central of ACT’s suburbs, but homebuyers have been radiating in this direction in search of a home that’s within their budget.
If Barrett’s recent experience in marketing a four-bedroom home with double garage is anything to go by, it’s the larger family-oriented properties that are doing well here.
“We had 18 groups through the first open home and three people competing to buy it,” she says. “It sold well above the owner’s expectations.”
And with SQM Research recording a vacancy rate of just 0.3% in Macgregor, it looks as if it’s also a suburb that’s proving to be extremely popular with renters.
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