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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+2.7%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
$799KN/A
Change in value
Past 12 months
5.8%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 10.6% higher than Charnwood’s.
  • House price growth: Over the past 12 months, house prices in Macgregor have grown 4.5% 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 14.3% 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 19.9% 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 69 real estate agents working in the suburb, but just 5 of them were responsible for 30.1% 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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