Property investors who have had real estate in Macquarie, 2614 should be 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 -8.57%
The five-year average increase in median property values for Macquarie,2614 has given property investors a potential capital gain of 214.75% across each of those five years.
Our latest figures would indicate that property sellers in Macquarie are currently offering property investors an average price cut of 0.00% below the asking price at the moment.
In the last year 29 properties changed hands in Macquarie, which puts it as the 82th most active market in ACT when comparing the number of sales per suburb.
A $0 per week rent on the median house gives suburb investors a gross yield of circa 0.00%, without taking into account capital value appreciation, which has been averaging out at 22.77%.
Property value increases in Macquarie have tracked just lower than the ACT average of -0.88% over the last 12 months.
Comparing Macquarie,2614 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Macquarie, 2614. Typically our figures indicate that -8.16% is being offered, which puts this ACT suburb at 40th most discounted overall in Australia.
Information supplied by:
Peter Walker
Peter Blackshaw
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0418 628 043
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W
peterblackshaw.com.au
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pwalker@bel.peterblackshaw.com.au
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.