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Wright is a suburb in Unincorporated Act, Australia with 2753 residents. The median house price is $1.4M with a rental yield of 4.1%. Our analysis rates Wright with a suburb score of 51/100 for investment timing.
Property prices in this suburb may grow below average in the short term. Rental growth could also slow during this consolidation phase. Consider monitoring market indicators before investing.
51
out of 100
Suburb Score
3
investors
High Price Discounting
Low Owner Occupier Levels
Buying Window: Strong investment potential with prices forecast to outperform the market average over 1-3 years. Key indicators signal favorable conditions for capital growth.
Upswing: Prices are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength.
Consolidating: Prices may grow below average in the short term. Rental growth could also slow during this phase. Consider monitoring market indicators before investing.
Peak: Price growth is expected to slow down. Capital growth forecasts suggest this may not be the optimal time to invest. Consider waiting for better conditions.
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia — all in the one place. We do not include sub-division, house and land packages, or individual lots/land that is for sale.
Suburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Wright has a suburb score of 51/100 for investment timing, placing it in the moderate investment category within Unincorporated Act. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find Wright suitable for their portfolio.
Wright's capital growth outlook is moderate based on current market indicators. Wright shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
Wright is located within Unincorporated Act Local Government Area in Australia. Unincorporated Act encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Wright is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Wright is $1.4M based on recent sales data. As a premium suburb in Unincorporated Act, Wright typically attracts investors focused on capital appreciation and wealth preservation through quality property assets.
Wright has an average rental yield of 4.1%, which is around the national average for Australian property. This balanced yield suggests Wright offers a reasonable income return while still providing capital growth potential typical of established suburbs in Australia.
Wright has a population of approximately 2753 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Wright is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Wright's suburb score of 51/100 can be compared against other suburbs in Unincorporated Act to identify relative investment value. With a score between 50-80, Wright sits in the middle tier of Unincorporated Act suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in Unincorporated Act using our platform to find the best investment opportunities.
