Question 1

Is Macgregor a nice place to live?

Accepted Answer

Macgregor is a small, established residential suburb in Canberra's Belconnen district with a quiet, settled feel. Its streets are lined with mature trees and the housing is mainly single-family brick and weatherboard homes with a scattering of low-rise units, giving the area a suburban character. Families dominate the household mix, with couple families with children making up just over half of all families (50.2%), and owner-occupation totals 79.4% of dwellings.

Residents make regular use of local parks, playgrounds and sporting ovals, and neighbourhood shops and services are a short trip away. Regular bus links connect to Belconnen town centre and the wider city, so daily errands and commutes are straightforward. Macgregor Primary School is being expanded and modernised, and the suburb sits at the edge of the Ginninderry West Belconnen precinct where new schools, shops and community facilities are planned. That mix tends to suit people after calm suburban living with easy access to urban amenities; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Macgregor?

Accepted Answer

Buying a house in Macgregor sits at about 6.5 times what a typical local household earned in a year at the last Census. With a median house price of $790,000 against an annual household income of $121,888 (2344 a week × 52), that multiple places buying well above local incomes at the time of the Census.

If you plan to rent, the average house rent of $650 a week would take about 28% of a typical local household's weekly income at the last Census (650 / 2344 ? 27.7%), which is a moderate share. On these figures, renting looks more manageable against local incomes than buying, but whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Macgregor a good place to invest?

Accepted Answer

For Macgregor, the figures for houses over the past 12 months show a solid 6.1% rise in median house values, while house rents increased a more modest 3.2% in the same period. Put simply, capital growth on houses outpaced rental income growth over the year, so the price change has been the stronger performer and rents have risen more gently.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$790K	N/A
Change in value Past 12 months	6.1%	N/A
Sold Past 3 months	29	N/A
Median days on market Past 12 months	30	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	3.2%	N/A

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