102/76 Steve Irwin Avenue, Wright ACT 2611

102/76 Steve Irwin Avenue, Wright ACT 2611
Unlisted risk | valuation gap narrow | young demographic turnover high | leasehold check required The asking price sits below the estimated market value, suggesting a potential entry discount, but the risk is that the property may no longer be on the market, indicating withdrawal or sale. The short listing window and high turnover among young renters in Wright create vacancy risk if the unit is for investment. A buyer should confirm current listing status immediately and treat the price as a starting point for negotiation rather than a fixed floor. This property is best held as a long-term owner-occupied residence given the strong owner-occupier rate for three-bedroom units in the suburb. The 112 square metre internal area with a 32 square metre balcony is rare for a three-bedroom apartment, offering a house-like floor plan that appeals to downsizers or small families who want space without a house. Two parking spaces add practical value in a suburb with limited street parking. The property suits a buyer seeking a spacious, low-maintenance home in a young, growing area with good school proximity within walking distance. Verify the listing status and request a building inspection to confirm the balcony and internal condition match the floor plan advantage.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Wright is a family-oriented suburb with a professional demographic, though recent data suggests a shifting market dynamic. Demand is anchored by owner-occupying families, yet a notable decline in owner-occupancy rates indicates a potential change in its composition. Recent price performance presents conflicting signals, with market assessments ranging from negative to modest positive growth for houses, while the unit market demonstrates steadier momentum with higher sales volume and stronger rental yields. Key considerations include affordability constraints for houses and the observed trend of declining owner-occupancy, which may influence future stability and growth.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

2090mยฒ

Assessments Delivered Today

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