Macquarie

POSTAL CODE: ACT, 2614
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A steady increase in median property prices over a five-year period in the suburb translates to a 0.92% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,010,250

The augmented property values in the suburb are trailing above the territorial average of 0.81% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $610.

Home owners selling their properties and realtors in MACQUARIE usually have to wait an average of 52 days days before their assets are lifted off the market.

The ACT suburb ranks 75th on the list of best yielding suburbs for rental properties in ACT, posting a 3.14% return.

It also places places 10th 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.

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