39 Greenman Street, Macgregor ACT 2615
39 Greenman Street, Macgregor ACT 2615
Established-family layout | Reserve-adjacent street | School catchment edge | Infill potential nearby | Solid demand profile
This property presents as a classic Macgregor family house, sitting within an established residential pocket where detached homes on moderate blocks are the standard. The street’s quiet character, combined with its proximity to local primary schooling and nearby parkland, gives it a practical appeal that suits families and long-term owner-occupiers. In a suburb where infill townhouses are becoming more common, a well-located detached house retains a clear advantage: private outdoor space, single-level living potential, and a layout that does not rely on shared management. That combination tends to hold demand well, especially for buyers who want a settled neighbourhood without the complexity of strata living.
What may materially affect value is the condition and layout of the existing dwelling, along with the exact land dimensions. If the house has been updated or well-maintained, the premium over run-down stock in the suburb can be significant. Conversely, a dated interior may place the property at the lower end of the range for similar houses, though the land component still offers a floor for value. The size and shape of the block may also influence whether future redevelopment or an extension is feasible, which buyers with a longer horizon should weigh when forming a view on price.
>> Comparable Sales: 38 Dagmar Berne Street sold $840,000 | Property Price Band: $800K-$900K | Value Drivers: land size, dwelling condition, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 39 Greenman Street, Macgregor ACT 2615
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Macgregor ACT 2615, in northwest Canberra, is an established family suburb with good road and bus links to Belconnen and Civic. Demand is driven by middle-income families, with a high share of mortgaged owners and a moderate renter base. House prices sit around $823,000, with annual growth of 2–4.5% across sources, while units range from $561,000 to $630,000 with mixed growth. Houses sell in about 28–37 days, with annual sales of 126–137. Rental demand is firm: vacancy under 1% and house yields near 4.3%. Future drivers include consistent owner-occupier demand and low rental supply. Key risks: affordability constraints-prices near $823,000 for middle-income households-and rate sensitivity given high mortgage prevalence. Stock variance up 23.5% signals possible supply fluctuations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
558m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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