With a capital gain of 10.00% for the last 12 months, Macgregor, 2615 has performed for property investments than its average annual 5.00% property growth over the last 5 years.
Macgregor,2615 has offered an average of 10.00% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Macgregor are currently offering property investors an average price cut of -2.69% below the asking price at the moment.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 5.00%, investors should hope to achieve an overall return of 4.73%
With a capital gain of 3.23% for the last 12 months, Macgregor, 2615 has performed for property investments than its average annual 3.02% property growth over the last 5 years.
While Macgregor,2615 ranked number 23th in ACT for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.
At number 93 in a list of fastest selling suburbs, Macgregor is in the TOP 10% of suburbs in Australia with an average of days on market 46.375 for properties listed there.
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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.