Auction Activity: Is This The ‘best Winter Market Ever’?
Auction clearance rates across capital cities have held steady amid higher volumes, new data has revealed. ...
Based on its average 5-year and quarterly capital gains MACARTHUR, 2904 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MACARTHUR, 2904 obtained a 2.99% growth over a ten-year period. It ranks 2769th on our list of suburbs that property investors should look into.
MACARTHUR, 2904 in ACT belongs to the local government area of Unincorporated ACT.
MACARTHUR, 2904 has a capital gain of 6.67% for the past year, which is higher than average compared to its 16.55% growth within a five-year period.
Figures from the previous quarter show that capital gains for real estate buyers in MACARTHUR are high, as opposed to average gains per annum over the past five years.
A 6.67% increase in median property prices in MACARTHUR, 2904 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 61st.
Macarthur is a suburb of the Tuggeranong district in Canberra, bounded by the arterial roads of Coyne Street and Isabella Drive. Gazetted in 1982, Macarthur’s namesake is John Macarthur, who was instrumental in the Australian wool industry. Street names in Macarthur were named in honour of wool industry workers and pioneers.
Real estate environment
Macarthur is among the best postcodes in Canberra to buy a larger property one can buy. Homes in Macarthur usually have four or more bedrooms – other suburbs that share the same characteristic are Fadden, Forde, Nicholls, and Chapman.
This is not the first time that Macarthur finds itself on a “best of” list. Macarthur is among the top tourism destinations in the ACT, along with the suburbs of Canberra, Belconnen, and Macquarie.
The average house price in Macarthur has increased by some 12 per cent in the past five years. Rental income is on an upward trend at an estimated 5 per cent.
Amenities in Macarthur
Macarthur is a well-established neighbourhood with easy access to the amenities in neighbouring suburbs. Macarthur has a number of shops and service providers that are distributed across various housing estates. The suburb is within a good distance from schools, churches, and shopping centres in Chisholm.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.67%||N/A|
|Median 3 years||-0.89%||N/A|
|Median 5 years||16.55%||N/A|
|10 years average annual||2.99%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|