Macgregor

POSTAL CODE: QLD, 4109
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A steady increase in median property prices over a five-year period in the suburb translates to a 53.03% 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 $1,476,694

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $720.

Home owners selling their properties and realtors in MACGREGOR usually have to wait an average of 34.9 days days before their assets are lifted off the market.

The QLD suburb ranks 685th on the list of best yielding suburbs for rental properties in QLD, posting a 2.54% return.

It also places places 620th in Australia based on median property value growth during the quarter.

Surburb overview

MacGregor is a suburb located approximately 11 kilometres south of Brisbane's central business district (CBD). The suburb was established in 1967 and named after Scottish-born Sir William MacGregor, who served as the Governor of Queensland from 1909 to 1914. 

According to the 2011 census, MacGregor had 5,576 residents, with a median age of 32, five years below the Australian median. The suburb is culturally diverse, with 41.9% of residents born in Australia. Significant communities include those born in China (15%), Taiwan (6.3%), India (4.6%), New Zealand (3.3%), and Vietnam (2.3%). 

MacGregor is well-serviced by public transport, including bus routes that provide convenient access to Brisbane's CBD and surrounding areas. The South East Busway enhances residents' connectivity with nearby stations such as Upper Mount Gravatt.

The suburb offers a range of amenities, including the Westfield Garden City shopping centre, which offers various retail and dining options. MacGregor is also home to educational institutions such as MacGregor State High School and MacGregor State School, both known for their academic performance. 

Residents can enjoy outdoor activities at local parks, including D.M. Henderson Park, which offers sports facilities and green spaces for leisure. The suburb's proximity to the Griffith University Nathan campus provides additional recreational and cultural opportunities.

As of recent reports, the median house price in MacGregor is approximately $1,357,000, with a 12-month growth of 34.22%. Rental yields for houses are around 2.99%, with a median rent of $695 per week. 

MacGregor's cultural diversity, proximity to the CBD, and comprehensive amenities make it a desirable residential suburb in Brisbane. The area's educational institutions, shopping centres, and recreational facilities attract families and professionals.

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