134/61 John Gorton Drive, Wright ACT 2611
134/61 John Gorton Drive, Wright ACT 2611
2 bed 2 bath 76m² | North-east aspect with Molonglo views | Pool and BBQ complex | EER 6.0 secure parking | Mid-$400k to low-$500k band
This unit stands out in Wright because it is a genuinely spacious two-bedroom layout rather than the typical one-bedroom investor stock that dominates John Gorton Drive. The 76m² internal floor plan with two full bathrooms, a 13m² balcony, secure basement parking, and storage makes it a lifestyle-oriented purchase that will appeal equally to owner-occupiers seeking low-maintenance living and investors wanting strong rental demand. The north-east orientation with valley views, stone benchtops, timber floors, and reverse-cycle heating and cooling lift it above entry-level product in the same corridor. This is a property that suits downsizers, first-home buyers, or professionals who want modern finishes, shared amenities, and a lock-and-leave lifestyle without compromising on space.
The value picture may be shaped by the fact that the building is now roughly a decade old, so condition and presentation will matter more than they did when new. The floor level is not confirmed, and that can influence light, privacy, and outlook, which in turn affects what buyers are willing to pay. The complex’s pool and BBQ areas add lifestyle appeal but also bring ongoing strata costs that should be weighed against the convenience they deliver. Rental demand appears steady, with similar units in the building drawing around $480–$495 per week, which supports a gross yield near 5% at the likely purchase price. The absence of recent comparable sales within the immediate building means the April 2025 sale of a similar two-bedroom unit at $500,000 is the strongest reference point, though differences in floor level and fitout condition could reasonably move the figure either way.
|| Comparable Sales: 143/61 John Gorton Drive sold $500,000 Apr 2025; 128/61 sold $316,000 Aug 2018 | Property Price Band: $400K–$500K | Value Drivers: floor level, outlook, condition, parking and storage configuration
Detailed Independent Property Report prepared by PropCred Analyst team for 134/61 John Gorton Drive, Wright ACT 2611
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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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: 143/61 John Gorton Drive sold $500,000 Apr 2025; 128/61 sold $316,000 Aug 2018 | Property Price Band: $400K–$500K | Value Drivers: floor level, outlook, condition, parking and storage configuration
Bedrooms
2
Bathroom
2
Parking
1
Land
1.76 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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