2 Lacewing Street, Wright ACT 2611
2 Lacewing Street, Wright ACT 2611
6 beds, 2 levels, premium fitout | Elevated Wright corner with landmark views | Big-family executive demand | High-spec kitchen and smart wiring | Price soft vs 2022 sale
This house is a rare configuration for Wright, offering six bedrooms across two levels with a 327 m² floorplan that most local family homes do not match. The build quality is genuinely above standard—double glazing, Caesarstone benchtops, spotted gum floors, zoned climate control, and integrated audio are not typical for the suburb. Its elevated corner position with northern and easterly aspect toward Telstra Tower and Parliament House gives it a sense of openness that ground-level houses lack. This property suits a large or multi-generational family wanting modern, move-in-ready space with strong school catchment access and proximity to Canberra’s southwest amenity corridor. It competes less with other Wright stock and more with premium family houses across the broader inner-southwest area.
The current asking range sits below the 2022 purchase price, which may reflect a softer market or a vendor motivated to shift a large property quickly. The six-bedroom format narrows the buyer pool compared to standard four-bedroom homes, so resale liquidity might be slower if the market cools. Holding costs are meaningful—rates and land tax if rented are substantial—and the rental yield estimate of around 3.7% is modest for the price point. Buyers should weigh the premium finishes and outlook against the reality that this is a large, complex house that may take longer to sell later. The lack of heritage or flood overlays reduces regulatory risk, and FTTP connectivity supports modern working needs.
|| Comparable Sales: 4 Lacewing Street, Wright—4 bed, 450 m², no settled price confirmed | Property Price Band: $1.6M–$1.7M | Value Drivers: six-bed layout, premium fitout quality, elevated outlook with landmark views
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Lacewing Street, Wright ACT 2611
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
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: 4 Lacewing Street, Wright—4 bed, 450 m², no settled price confirmed | Property Price Band: $1.6M–$1.7M | Value Drivers: six-bed layout, premium fitout quality, elevated outlook with landmark views
Bedrooms
6
Bathroom
3
Parking
2
Land
482m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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