If you compare the increase in value of investment property in Macgregor, 2615 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 8.04%.
Comparing Macgregor,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Macgregor2615 is located in ACT which offers an average discount of -3.27% to property investors. Macgregor itself is showing figures that indicate -1.66% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Macgregor being $524000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 4.86%
Property investors who have had real estate in Macgregor, 2615 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 4.21%
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 7th in ACT.
Often selling an investment property can take time, and in Macgregor the average time real estate has been on the market is 43.5 days.
With the median price for a house in Macgregor being $396000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 5.78%
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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.