Wright, ACT 2611: Suburb Profile & Property Report

Market Report

House report
Unit Report

Wright has 27 houses available for sale. The median property price for a house is currently $1,361,000 with annual capital growth of 9.76% . There were 21 house sales in the past 12 months. On average, houses spend 52 days on market.

If you're thinking about buying an investment property in Wright, consider that rental yields for houses are currently 3.94% with an average median rent of $635 weekly. Houses have seen 2.14% growth in the past quarter, and 9.76% growth in the past 12 months.

The size of Wright is approximately 1.3 square kilometres. It has 5 parks covering nearly 6% of total area. The population of Wright in 2011 was 490 people. By 2016 the population was 2,751 showing a population growth of 461.4% in the area during that time. The predominant age group in Wright is 20-29 years.

Households in Wright are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wright work in a professional occupation. In 2011, 46.4% of the homes in Wright were owner-occupied compared with 76.8% in 2016.

Wright has 77 units available for sale. The median property price for a unit is currently $514,500 with annual capital growth of 2.69% . There were 90 unit sales in the past 12 months. On average, units spend 62 days on market.

If you're thinking about buying an investment property in Wright, consider that rental yields for units are currently 5.55% with an average median rent of $560 weekly. Units have seen 0.88% growth in the past quarter, and 2.69% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,361,000	$514,500
Quarterly growth	+2.14%	+0.88%
12-month growth	+9.76%	+2.69%
Average annual growth	+9.43%	+5.16%
Weekly median rent	$635	$560
Gross rental yield	3.94%	5.55%
Number of Sales (12m)	21	90
Avg. Days on Market (12m)	52	62

Jump to Market Trends

Key Demographics	2011	2016
Total population	490	2,751
Population change (5y)	-21.35%	+461.40%
Median household income (p/w)	$1,984	$2,317
Household income change (5y)	+42.32%	+16.78%
Median age of persons	31	30

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Wright is $1,361,000 for houses and $514,500 for units.

The Median Growth in Wright over the past 12 months is 9.76% for houses and 2.69% for units.

Over the past 12 months there were 21 houses sold and 90 units sold in Wright. On average, houses spent 52 days on market and units spent 62 days on market.

In the past 12 months up to August 2024 there were 21 houses sold and 90 units sold in Wright. On average, houses spent 52 days on market and units spent 62 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Wright is $635 for houses and $560 for units.

The Rental Yield in Wright is 3.94% for houses and 5.55% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Wright was 2,751 in 2016, a +461.40% change compared to 2011.

The predominant age group in Wright is 20-29 years.

The population of Wright was 2,751 in 2016, a +461.40% change compared to 2011.

The predominant age group in Wright is 40-49 years.

Most of the population in Wright were born in Australia.

Most of the population in Wright report their religion as No Religion.

Most of the population in Wright report their income range as between $78,000 and $130,000 .

The median household income in Wright was $2,317 in 2016, a +16.78% change compared to 2011.

Most of the population in Wright report their income range as between $78,000 and $130,000 .

The median household income in Wright was $1,984 in 2011, a +42.32% change compared to 2006.

Most of the population in Wright work as Professional.

The chart below demonstrates the various levels of education in Wright.

Most of the population in Wright reached a qualification level of Bachelor.

Most of the population in Wright reached a qualification level of Certificate.

2011 2016

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