Powered by MOMENTUM MEDIA
AREA REPORTS

Macquarie

Suburb Profile

Macquarie - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2614

house
unit

A 6.88% increase in median property prices in MACQUARIE, 2614 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 42nd.

A steady increase in median property prices over a five-year period in the suburb translates to a 10.81% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $753,500

The augmented property values in the suburb are trailing above the territorial average of 5.84% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $540.

Home owners selling their properties and realtors in MACQUARIE usually have to wait an average of 0.0 days days before their assets are lifted off the market.

The ACT suburb ranks 47th on the list of best yielding suburbs for rental properties in ACT, posting a 3.73% return.

It also places places 24th in Australia based on median property value growth during the quarter.

Surburb overview

Macquarie is a suburb in the district of Belconnen in Canberra, ACT. Like its NSW counterpart, the suburb’s namesake was Lachlan Macquarie, NSW’s governor during the early 19th century. The suburb’s streets were named in honour of Macquarie’s peers at the time.

Macquarie is bounded by the suburbs of Belconnen to its north, Aranda to its east, Cook to its south, and Weetangera to its west. It lies along the arterial road of Belconnen Way, which runs in the middle of the district.

Overview of real estate environment

Macquarie has seen a boost in tourist arrivals and ranks among the top five ACT suburbs where tourists prefer to stay. Canberra, on the whole, is experiencing a rise in tourism as reflected by the millions funnelled by its hospitality industry to its local economy.

Occupancy rates were equally high for private dwellings with just 7 per cent of the properties unoccupied. Separate houses dominate Macquarie’s streetscapes, followed by flats or apartments, and lastly, a small number of semi-detached, row or town houses. Most of these houses are three-bedroom homes.  

Things to do in Macquarie

Macquarie is popular among residents of Belconnen for its Big Splash Waterpark, a pool resort located next to the shopping complex of Jamison Centre. Its lifestyle corridor is located on the eastern corner of the suburb, encompassing Jamison Centre shops, a gym, salon, a supermarket, cafe, and a news agency. Surrounding points of interest include the Canberra Southern Cross Club and the Canberra High School.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $753,500 $455,000
GROWTH REPORT
Median Quarterly 5.38% 5.69%
Median 12 month 6.88% 11.25%
Median 3 years 10.81% -2.67%
Median 5 years 23.52% -8.08%
10 years average annual 3.21% 2.27%
Weekly media advert. rent $540 $420
Time on Market 0.0 days 54.6 days
Gross Rental Yield Percent 3.73% 4.8%
demographics (median values)
Total Population
2382
Weekly Household Income
1164
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Sydney house prices swell

Slightly ‘disappointing’ auction results, but Sydney house prices swell

The latest auction figures are showing a booming market, with buyers looking to make the most of the ultra-cheap money, but while their inte...

Australian home values rise

Australian home values rise at fastest rate in 17 years

Overall, Australian home values surged 2.1 per cent higher in February, the largest month-on-month change in CoreLogic’s national home va...

New stock on market in March

New stock on market in March, expert predicts

With the mismatch between supply and demand pushing prices higher, an expert believes new listing numbers could see a more substantial lift ...

Extreme disparity in Aussie rental markets revealed

Extreme disparity in Aussie rental markets revealed

The disparity in rental markets across Australia has been extreme, with overly tight rental conditions in Perth and Darwin contrasting the p...

Mortgage stress reaches 3-year low

Mortgage stress reaches 3-year low

Despite mortgage-holders experiencing record levels of comfort, red flags are emerging with financial stress tipped to rise, new research ha...

commercial property market

How to win in today’s commercial property market

Despite the disruption caused by COVID-19, Australia’s commercial property market remained resilient, offering unique opportunities to sma...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.