Unit 21,
OBSERVATORY 40 PHILIP HODGINS STREET Wright ACT 2611

About Wright

With an average age of 31, households expect an average monthly mortgage payment of $1,517 or a weekly rent payment of $450. The average family earns a weekly income of $2,382 with a typical household size of 1.8 and a 95.79% employment rate.

Consistent high demand relative to supply is a key feature in Wright driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Wright ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Wright classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Wright necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Public Transport

EPIC and Racecourse Macarthur Avenue Ipima Street Alinga Street Phillip Avenue Dickson Interchange Swinden Street Elouera Street Sandford Street Canberra

General Points of Interest

Southlands Tennis Club Yamba Club Winston Churchill Kambah Firestorm Storytree Aboriginal Tent Embassy ANU Medical School Burns Memorial Australian National University Burbidge Amphitheatre National Capital Exhibition

Population

(Country of Birth not stated 2%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website