Denman Prospect
2611 ACT
Denman Prospect, ACT 2611 is an established suburb with a growing population. It boasts a high level of educational advantage with an ICSEA percentile of 90.0. The majority of residents are professionals, managers, and technicians/tradeworkers. The suburb offers good transportation options for those commuting by motor vehicle and has a significant percentage of residents who work from home.
For house investors, Denman Prospect may be suitable for renovators due to a high sale price IQR ratio. Houses have a moderate rental yield and a reasonable median growth rate. The suburb has a low market absorption rate, indicating a buyer's market. For unit investors, the suburb offers a slightly higher rental yield compared to houses but has a higher vacancy rate. Units have shown a slow median growth rate, potentially appealing to long-term investors.
Denman Prospect, ACT 2611 presents an opportunity for both house and unit investors considering different investment strategies. Homeowners seeking a suburb with a high level of educational advantage and good transportation links may find it an attractive place to live.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Highlights
Pricing and long-term growth profile for Denman Prospect houses.
Median Price
$1.087M
# Sales
116
12M Growth
6.1%
10Y Ave Growth
—
Why Buyers Look Here
Owner occupier appeal — 85% owner-occupied — strong community stability and pride of ownership.
Investor appeal — 4.5% rental yield — attractive income return for investors.
Affluent area — IRSAD rank 100/10 — high socio-economic advantage.
Capital Growth
Pricing and long-term growth profile for Denman Prospect houses.
Median Price
$1.087M
# Sales
116
12M Growth
6.1%
10Y Ave Growth
—
Rental Market
Yield, rental pricing and vacancy performance for Denman Prospect houses.
Weekly Rent
$780
Rental Yield
4.5%
Vacancy Rate
9.1%
Rentals Last 12M
94
Supply & Demand
Stock levels, days on market and selling conditions for Denman Prospect.
Stock on Market
6.7%
Days on Market
46
Building Approvals
16.1%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Denman Prospect.
Population
2,759
Owner Occupiers
85%
Median Income
$167k
IRSAD Rank
100
Recent Sales
Recently sold properties in Denman Prospect.
