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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+3.1%Past 12 months

Macgregor’s property market has shown growth, particularly for houses, with a 6.5% increase in value over the past 12 months. The median house price now stands at $835,000. There were no unit sales, and the unit price and rent changes remained static.

In the past three months, 38 houses were sold, with houses spending a median of 30 days on the market. This indicates a relatively brisk market for houses, with no data available for units during this period.

The rental market for houses in Macgregor has seen a 4.8% increase over the last 12 months, with the average house rent sitting at $650. No changes were observed in the unit rental market.

HousesUnits
Median price
Past 3 months
$835KN/A
Change in value
Past 12 months
6.5%N/A
Sold
Past 3 months
38N/A
Median days on market
Past 12 months
30N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
4.8%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.

Macgregor infrastructure, key developments and investment opportunities

Macgregor continues to benefit from its position within the broader Belconnen district, with residents gaining flow-on advantages from ongoing upgrades to nearby shopping, employment and health hubs in the town centre, which support local housing demand by improving access to jobs and services.[5][6] The established Macgregor Primary School catchment and proximity to other Belconnen education options remain key drawcards for families, underpinning steady owner-occupier interest across the suburb.[5]

Transport connectivity via major arterial roads linking Macgregor to the Canberra CBD and wider Belconnen area continues to make the suburb attractive to commuters, and incremental improvements to road infrastructure across the district are gradually enhancing travel times and accessibility.[6] Beyond this, there are currently no widely publicised major new infrastructure or redevelopment projects specific to Macgregor that are expected to significantly alter local property dynamics in the short term.

Macgregor rental market trends

In Macgregor, the rental market shows moderate growth, with house rents increasing 4.8% over the past year to $650 per week. There is currently no data for unit rents. This suburban area continues to attract interest due to its family-friendly environment and proximity to Canberra's amenities, making it a desirable location for renters seeking community-focused living.

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 5.0% higher than Holt’s.
  • House price growth: Over the past 12 months, house prices in Macgregor have grown 0.3% higher than in Dunlop.
  • 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 19.4% 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.

Common questions about Macgregor

  • Is Macgregor a nice place to live?

    Macgregor is a charming suburb that offers a delightful blend of suburban tranquility and accessibility, making it a lovely place to call home. Nestled within the Belconnen district, it boasts a peaceful atmosphere with a strong sense of community, perfect for families seeking a nurturing environment. The suburb is known for its lush green spaces and parks, providing ample opportunities for outdoor activities and relaxation, which are ideal for both children and adults to enjoy.

    The vibe in Macgregor is one of warmth and friendliness, with a community-oriented culture that makes it easy for new residents to feel welcome. The suburb's proximity to essential amenities such as schools, shopping centers, and public transport ensures that residents have everything they need within easy reach. Safety is generally not a major concern, contributing to its appeal as a family-friendly location.

    For families, Macgregor offers a supportive environment with access to quality educational facilities and recreational options. The suburb's layout includes a mix of established homes and newer developments, catering to diverse lifestyle preferences. However, one trade-off of living in Macgregor is that while it offers a peaceful suburban lifestyle, it may not have the bustling nightlife or cultural attractions found in more urban areas. Nonetheless, the convenience of being close to the city center and natural reserves makes it an attractive option for those who appreciate a balanced lifestyle.

    Overall, Macgregor is a delightful suburb that provides a harmonious blend of community spirit, accessibility, and natural beauty, making it a wonderful place for families and individuals seeking a serene yet connected lifestyle.

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  • Is it expensive to live in Macgregor?

    Living in Macgregor can be relatively affordable compared to the broader Canberra area. The median house price in Macgregor is currently $835,000, which is quite reasonable when you consider the rising property prices in many parts of the ACT. However, it's important to note that there are no units available, which means options for more affordable housing types are limited.

    The average rent for houses in Macgregor is around $650 per week, which aligns with the general rental market in Canberra. With an average annual wage of $88,000, residents in Macgregor earn a decent income, slightly above the national average. This income level can comfortably support the cost of living in the suburb, particularly for those looking to buy a house.

    Overall, Macgregor offers a balanced lifestyle with its reasonable housing prices and rental costs, making it a viable option for those earning an average income in the area. If you are thinking of living in Macgregor, it's a good idea to evaluate your financial situation to ensure it fits with the housing market and living expenses in this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Macgregor a good place to invest?

    Macgregor presents a promising opportunity for property investors, particularly those interested in houses. Over the past 12 months, the suburb has experienced a 6.5% increase in median house values, indicating a healthy demand and potential for capital growth. This upward trend in house prices suggests that Macgregor is becoming increasingly attractive to buyers, which is a positive sign for investors looking for appreciation in property value.

    While the median unit values and rents have remained stable, the rental market for houses has seen a 4.8% increase, highlighting a strong demand for family homes. This makes Macgregor an appealing choice for investors seeking reliable rental income. The suburb's family-friendly environment and community appeal contribute to its desirability, ensuring a steady influx of renters and potential buyers.

    Overall, Macgregor offers a balanced investment opportunity with its combination of capital growth in house values and solid rental returns. For investors focusing on houses, the suburb provides a compelling mix of growth potential and rental demand, making it a worthwhile consideration in the current market.

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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 68 real estate agents working in the suburb, but just 5 of them were responsible for 30.3% 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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