Suburb Profile Report for Macquarie ACT (2614)

Macquarie House: Median price $705,000, Annual capital growth 4.73%, Number of sales 26, Weekly median advertised rent $550

Macquarie Unit: Median price $410,500, Annual capital growth 1.94%, Number of sales 29, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Macquarie has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.37%

Macquarie,2614 was ranked 546 in Australia by increase in median property value over the quarter.

With the median price for a house in Macquarie being $705000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.06%

Property value increases in Macquarie have tracked lower than the ACT average of 4.05% over the last 12 months.

If we look at median property appreciation over just the last three months, Macquarie has given property investors a paper return of 0.00%. This puts Suburb as 31 on a list of fastest fasting appreciating suburbs in ACT

The ACT suburb of Macquarie, 2614 is in the Unincorporated ACT local government area.

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Peter Blackshaw

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Selling points: Just 7km to Canberra’s CBD; 2km to Westfield Belconnen Mall; Jamison Shopping Centre; Median House Price in Macquarie is $494,000 (Canberra median house price $515,000); 8% growth to June 2012; Unit Median Price in Macquarie $415,000 (Canberra median unit price $419,000); Median average rent (advertised) $440 per week at a 4.4% Gross rental yield.

Most sought after properties: Three-bed houses with a garage close to one of the schools are in high demand. Also apartments and townhouses.

Most common properties: Three to four-bedroom homes, especially those with renovation potential.

Top amenities: Public primary school and Canberra High School. Jamison Centre, including Coles, Aldi and several small stores.  Big Splash Water Park – and public swimming pool. Local Macquarie shops with pharmacy, cafe, dog groomer, Vietnamese restaurant and more.

Local industry and business: Most residents are commuters to either the city or Belconnen town centre.

Recent changes: the building of apartments and townhouses. Also, the development of Jamison Inn Tavern site into apartments.

Best streets: The Cul-de-sacs off Castlereagh and Erskine Streets are quiet and well located to public open space.

Public transport: Public transport is easily accessible from the Jamison Centre. Park and ride buses are available. Bus Route 10 direct to the city also available, as well as Route 73, 74 and 942.

Main arteries: Belconnen Way to city; Bindubi St links to William Hovell to connect to Caswell Drive (Tuggeranong Parkway); and the Gungahlin Drive Extension.

Metrics i HOUSE UNIT
$705,000 $410,500
4.44% 0.00%
3.37% -13.58%
4.73% 1.94%
$550 $400
26 29
4.06% 5.07%
61.36842 51.190475

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2557
Median household income ($/weekly) 1535
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 258 10.1
    20-24 years 243 9.5
    25-34 years 420 16.4
    35-44 years 390 15.3
    45-54 years 326 12.8
    Others 918 35.9
    Age Group
    Census Count Percent(%)
    Not Married 932 47.5
    Registered Married 842 42.9
    Defacto Relationship 189 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1742 70.8
    Croatia 108 4.4
    United Kingdom 123 5.0
    Viet Nam 44 1.8
    Other 162 6.6
    Others 282 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 3.4
    Christianity 1232 53.6
    Hinduism 27 1.2
    Islam 51 2.2
    No Religion 872 37.9
    Others 37 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 77 8.3
    $1,250-$1,499 78 8.4
    $1,500-$1,999 115 12.4
    $2,000-$2,499 86 9.2
    $2,500-$2,999 110 11.8
    Others 465 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 856 42.0
    Not in the labour force 650 31.9
    Employed, worked part-time 389 19.1
    Employed, away from work 88 4.3
    Unemployed, looking for work 56 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 193 14.5
    Professionals 458 34.5
    Technicians & trades workers 119 9.0
    Community & personal service workers 138 10.4
    Clerical & administrative workers 202 15.2
    Others 217 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 33 5.0
    Infants/Primary 162 24.4
    Secondary 151 22.7
    Technical or Further Educational Institution 86 13.0
    University or other Tertiary Institutions 219 33.0
    Others 13 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2037 83.9
    Semi-detached, row or terrace house, townhouse 219 9.0
    Flat, unit or apartment 173 7.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 397 39.8
    Being purchased 303 30.4
    Fully owned 292 29.3
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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