Property value increases in Macgregor have tracked just lower than the ACT average of 2.42% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Macgregor comes in at number 16th in ACT.
In the last year 135 properties changed hands in Macgregor, which puts it as the 3rd most active market in ACT when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $26260 per annum or $505 every week.
At number 1052th in the list of Australian suburbs ordered by increase in median house value over the last year, Macgregor, 2615 is in the BOTTOM 30% with a property value increase of -2.77% recorded in median house prices.
Over the longer term, Macgregor has seen property prices show investors a 12.08% return over the last 3 years. This is worse than over the last 12 months
Property investors should expect to get $455 weekly from the median priced house in this suburb.
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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.