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Denman Prospect, ACT 2611

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Denman Prospect, ACT 2611 located in Canberra to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Denman Prospect, ACT 2611”

  1. The total adult population (15 years or older) of Denman Prospect 2611 ACT is 2,035, with a median age of 31. Of those, 55.33% are married, 7.17% are divorced or separated, 36.41% are single and 0.98% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $14,424. The median monthly mortgage repayment for households in this suburb is $2,400 which is 16.64% of their earnings.

    Source: ABS Census Data (2021)

  2. The burgeoning suburb of DENMAN PROSPECT 2611, nestled in ACT, is home to an estimated 2,236 households. As we move into Q3 of 2023, the property market in this area presents a fairly attractive picture for property investors and buyers agents looking for favourable returns.

    Habitats in DENMAN PROSPECT 2611 typically come at a price tag of $1,333,758. The median weekly rent sits at a robust $888, which presents an indicative yield of 3.46%. This yield marginally surpasses the minimum attractive market requirement of 3%, pitching this area as a potential goldmine for cash flow-centred property investors.

    DENMAN PROSPECT holds a commendable socio-economic score of 1174 out of a potential 1217. This represents an excellent socio-economic status within the area, suggesting a local population with adequate economic resources and high income levels.

    This suburb also showcases stable investing conditions with a low renter to owner ratio of 14%. This indicates there is a lower proportion of rentals, reducing competition amongst property investors. Similarly, the units to houses ratio sits only at 34%, depicting a healthy balance between unit supply and demand.

    While the suburb’s affordability index measures at 36 years, slightly over the standard 30-year mortgage duration, it’s crucial to consider the other economic factors in play. The SoM for houses is tabbed at a mere 0.36%, showing a significantly low availability of unsold stock, and the inventory level standing at 1.09 months underlines a fast-paced property market.

    Building Approvals Ratio in DENMAN PROSPECT is currently at 7.85%. This suggests increased supply of new residential dwellings, which might contribute to a price drop if the market cools. However, coupling this with 95 days on market, it indicates that houses are somewhat slower to sell, reflecting a neutral to slightly low demand scenario.

    Nonetheless, the combined houses and units vacancy rate is at a high 9.6%, signifying low demand. While this seems daunting, the property market’s buy search index for houses is at 4, indicating neutral demand in line with city average.

    In conclusion, DENMAN PROSPECT 2611 in ACT presents an overall promising opportunity for property investors. Though it is essential to look at the bigger picture, including HtAG Analytics’ Relative Composite Score, the current data offers a sturdy foundation for beneficial real estate investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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