Denman Prospect, ACT 2611: Suburb Profile & Property Report

Market Report

House report
Unit Report

Denman Prospect has 61 houses available for sale. The median property price for a house is currently $1,200,000 with annual capital growth of -18.64% . There were 53 house sales in the past 12 months. On average, houses spend 80 days on market.

If you're thinking about buying an investment property in Denman Prospect, consider that rental yields for houses are currently 3.80% with an average median rent of $950 weekly. Houses have seen -11.44% growth in the past quarter, and -18.64% growth in the past 12 months.

The size of Denman Prospect is approximately 4.7 square kilometres. It has 2 parks covering nearly 12.8% of total area. The population of Denman Prospect in 2006 was 623 people. By 2011 the population was 490 showing a population decline of 21.3% in the area during that time. The predominant age group in Denman Prospect is 40-49 years.

Households in Denman Prospect are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Denman Prospect work in a professional occupation. In 2006, 30.7% of the homes in Denman Prospect were owner-occupied compared with 46.4% in 2011.

Denman Prospect has 69 units available for sale. The median property price for a unit is currently $624,500 with annual capital growth of 1.30% . There were 67 unit sales in the past 12 months. On average, units spend 68 days on market.

If you're thinking about buying an investment property in Denman Prospect, consider that rental yields for units are currently 5.10% with an average median rent of $580 weekly. Units have seen 0.40% growth in the past quarter, and 1.30% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,200,000	$624,500
Quarterly growth	-11.44%	+0.40%
12-month growth	-18.64%	+1.30%
Average annual growth	+7.14%	–
Weekly median rent	$950	$580
Gross rental yield	3.80%	5.10%
Number of Sales (12m)	53	67
Avg. Days on Market (12m)	80	68

Jump to Market Trends

Key Demographics	2011	2016
Total population	490	–
Population change (5y)	-21.35%	-21.30%
Median household income (p/w)	$1,984	–
Household income change (5y)	+42.32%	–
Median age of persons	31	–

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Denman Prospect is $1,200,000 for houses and $624,500 for units.

The Median Growth in Denman Prospect over the past 12 months is -18.64% for houses and 1.30% for units.

Over the past 12 months there were 53 houses sold and 67 units sold in Denman Prospect. On average, houses spent 80 days on market and units spent 68 days on market.

In the past 12 months up to August 2024 there were 53 houses sold and 67 units sold in Denman Prospect. On average, houses spent 80 days on market and units spent 68 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Denman Prospect is $950 for houses and $580 for units.

The Rental Yield in Denman Prospect is 3.80% for houses and 5.10% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The predominant age group in Denman Prospect is 40-49 years.

Most of the population in Denman Prospect were born in Australia.

Most of the population in Denman Prospect report their religion as No Religion.

Most of the population in Denman Prospect report their income range as between $78,000 and $130,000 .

The median household income in Denman Prospect was $1,984 in 2011, a +42.32% change compared to 2006.

Most of the population in Denman Prospect work as Professional.

The chart below demonstrates the various levels of education in Denman Prospect.

Most of the population in Denman Prospect reached a qualification level of Certificate.

2011 2016

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