Wright is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2611). With a population of 3,808, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $133K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Indian.
The median house price in Wright is $1.4 million, having grown strongly 7% over the past year. Units have a median price of $499,000 (-1.2% YoY). The median weekly rent is $461 (Census 2021). This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,950.
Public transport access includes 8 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 3,151 incidents per 100,000 population.
From an investment perspective, Wright offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +7.0% year-on-year.
Wright is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2611). With a population of 3,808, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $133K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Indian.
The median house price in Wright is $1.4 million, having grown strongly 7% over the past year. Units have a median price of $499,000 (-1.2% YoY). The median weekly rent is $461 (Census 2021). This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,950.
Public transport access includes 8 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 3,151 incidents per 100,000 population.
From an investment perspective, Wright offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($1.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +7.0% year-on-year.