137/45 Catalano Street, Wright ACT 2611
137/45 Catalano Street, Wright ACT 2611
2-bed 2-bath 2-car apartment | Strong parking provision for segment | Mid-$400s to $500k price band | Established Catalano Street precinct | Modern convenience node
This unit offers a configuration that stands out in Canberra’s apartment market—two dedicated car spaces are uncommon for a two-bedroom home and materially improve everyday practicality and resale appeal. The 78 m² internal layout suits professional couples, downsizers, or first-home buyers seeking low-maintenance living without sacrificing space for a car or storage. Positioned within a mixed-use precinct with retail and services at the doorstep, it serves buyers who value walkability and modern finishes over traditional house-and-land trade-offs. The mid-2010s building era means contemporary construction standards, and the unit’s price band aligns with comparable two-bedroom stock in the same complex, making it a straightforward entry into an established, liquid pocket of Wright.
The property’s value may hinge on floor level and aspect, which are not confirmed—higher units with outlooks typically command a premium, while lower levels may trade at the softer end of the band. The 2/2/2 configuration provides a buffer against depreciation compared to smaller apartments, but the lack of verified rental data means yield assumptions should be tested against current market listings. Buyers should weigh the convenience of retail proximity against potential noise or foot traffic, and confirm whether the two car spaces include storage, as that adds practical utility. The suburb’s moderate days-on-market suggests a balanced negotiation environment rather than a competitive bidding scenario.
|| Comparable Sales: 147/45 Catalano Street sold $500,000; 159/45 Catalano Street sold $475,000 | Property Price Band: $450,000–$550,000 | Value Drivers: parking provision, floor level, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 137/45 Catalano Street, Wright ACT 2611
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Wright is a compact Canberra suburb where the typical resident is a 33-year-old professional in a couple-with-children household. That profile underpins demand for family housing, though the market is bifurcated: houses trade around $1.21–$1.24 million while units sit at $525,000. House price signals are conflicting—Your Investment Property Magazine shows -10.04% annual growth, Allhomes +2.4%—suggesting an uncertain read. Units offer a firmer picture: 2.94% growth and a 5.73% gross yield, versus 4.12% for houses. Sales volume is modest, 27 houses and 89 units in 12 months, with houses taking 83 days to sell and units 56. Owner-occupancy fell from 76.8% to 67.2% between 2016 and 2021, a sign of shifting composition. Affordability is the main constraint, particularly for houses.
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PropCred Estimated Value
Comparable Sales: 147/45 Catalano Street sold $500,000; 159/45 Catalano Street sold $475,000 | Property Price Band: $450,000–$550,000 | Value Drivers: parking provision, floor level, internal condition
Bedrooms
2
Bathroom
2
Parking
2
Land
2.12 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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