Property investors who have had real estate in Macquarie, 2614 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.67%
If we look at median property appreciation over just the last three months, Macquarie has given property investors a paper return of 1.82%. This puts Suburb as 34 on a list of fastest fasting appreciating suburbs in ACT
In the last year 23 properties changed hands in Macquarie, which puts it as the 81th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $540 weekly from the median priced house in this suburb.
Macquarie, 2614 ranked 53th in ACT when comparing growth in median property values or capital gain over the last 12 months. Macquarie 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, Macquarie comes in at number 36th in ACT.
With the median price for a house in Macquarie being $417000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.99%
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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.