Wright is in the bottom 20% in ACT when comparing median price capital growth over the last year. Wright gave property investors a dismal capital gain figure when compared to the rest of the state, with 1.23%.
Wright,2611 was ranked 1049 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Wright is offering property investors an average of -4.09. This rate of discount on properties puts Suburb at number 28th in terms of most discounted suburbs in ACT
Over the last year, property investments in Wright, 2611 have given investors a capital gain of 9.22%. This compares very favourably with the 2.38% for ACT as a whole.
Over the longer term, Wright has seen property prices show investors a 4.74% return over the last 3 years. This is an improvement over the last 12 months
With the median price for a house in Wright being $408500 and the advertised rent reaching $415 the gross rental yield for property investors calculates out to be 5.28%