A 2.89% 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 73rd.
A steady increase in median property prices over a five-year period in the suburb translates to a 24.56% 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 $712,500
The augmented property values in the suburb are trailing behind the territorial average of 8.7% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $485.
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 64th on the list of best yielding suburbs for rental properties in ACT, posting a 3.54% return.
It also places places 78th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that MACQUARIE, 2614 obtained a 4.51% growth over a ten-year period. It ranks 787th on our list of suburbs that property investors should look into.
MACQUARIE, 2614 has a capital gain of -17.57% for the past year, which is lower than average compared to its 38.11% growth within a five-year period.
With the median home price in MACQUARIE sitting at $511,000, and the average rent at $410, property owners could potentially earn a 4.17% increase in gross rental yield.
A -17.57% 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 66th.
Figures from the previous quarter show that capital gains for real estate buyers in MACQUARIE are low, as opposed to average gains per annum over the past five years.
MACQUARIE, 2614 in ACT belongs to the local government area of Unincorporated ACT.