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Macgregor suburb profile

Macgregor is a peaceful suburb located in the Belconnen district of Canberra, ACT, offering a family-friendly environment with a strong sense of community. Known for its spacious parks and green spaces, Macgregor provides residents with ample opportunities for outdoor activities and relaxation. The suburb features a mix of established homes and newer developments, catering to a variety of lifestyle preferences. With convenient access to local schools, shopping centers, and public transport, Macgregor is an attractive option for families and individuals seeking a balanced lifestyle. Its proximity to the city center and natural reserves adds to its appeal as a desirable place to live.

Macgregor property market performance

Property growth+2.9%Past 12 months

Macgregor's property market has shown a positive trend for houses with a 6.1% increase in median values over the past 12 months, bringing the median house price to $790,000. The unit market remains inactive with no sales recorded.

Sales activity for houses has been steady, with 29 houses sold over the last 12 months. Houses are in demand, spending an average of 30 days on the market, signifying a healthy turnover.

The rental market in Macgregor has seen moderate growth, with average rents for houses increasing by 3.2% over the past year to $650. The unit rental market remains unchanged with no reported activity.

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

5 year median price trend for houses and units

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Macgregor demographics

Macgregor, located in the Australian Capital Territory, is a suburb that offers a family-friendly environment with a strong sense of community. With a population of 7,049 and a median age of 34, it is a suburb that attracts young families and professionals who appreciate its balance of suburban tranquility and proximity to Canberra's amenities. The median total household income of $2,344 per week reflects a relatively affluent community, likely due to the high percentage of residents in stable employment.

Family life is a significant aspect of Macgregor, with 50.2% of households being couple families with children, indicating a strong presence of young families. Additionally, 31.8% of households are couple families without children, and 16.6% are one-parent families, showcasing a diverse range of family structures. The suburb's community-oriented atmosphere is further enhanced by its local parks, schools, and recreational facilities, making it an ideal place for families to settle.

In terms of housing, Macgregor has a high rate of homeownership, with 21% of properties owned outright and 58.4% owned with a mortgage. This suggests a stable housing market with a significant number of long-term residents. Only 20.6% of properties are rented, which is relatively low compared to other suburbs, indicating a preference for homeownership among residents. Overall, Macgregor offers a welcoming environment for families and individuals seeking a suburban lifestyle with easy access to the broader Canberra region.

Suburbs near Macgregor

Some popular suburbs near Macgregor include:

How does Macgregor compare to nearby suburbs?

  • Median house prices: Macgregor’s median house price is 0.6% higher than Holt’s.
  • House price growth: Over the past 12 months, house prices in Macgregor have grown 5.4% higher than in Holt.
  • Unit price growth: Property prices in nearby Dunlop have risen 14.4% more than in Macgregor over the past year.
  • Selling speed for houses: Properties in Macgregor are selling 11.8% faster than in Dunlop.
  • Selling speed for units: Properties in Macgregor are selling 66.7% faster than in Holt.
  • House price growth: Over the past 12 months, house prices in Macgregor have grown 20.2% lower than the average rate of growth across Canberra.
  • Unit price growth:Over the past 12 months, unit prices in Macgregor have grown 2.6% lower than the average rate of growth for units across Canberra.

Choose the right real estate agents in Macgregor

Choosing the right real estate agent in Macgregor can have a big impact on your sale. While there are 72 real estate agents working in the suburb, but just 5 of them were responsible for 26.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.06% to 2.55%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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