Suburb Profile Report for Denistone NSW (2114)

Denistone House: Median price $1,615,000, Annual capital growth 9.50%, Number of sales 29, Weekly median advertised rent $650

Denistone Unit: Median price $964,500, Annual capital growth 9.86%, Number of sales 13, Weekly median advertised rent $590

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Denistone, 2114 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.21%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Denistone has increased when compared to the 5 year average annual rate.

Vendor discounting in Denistone is giving property investors an average Vendor Discount of around -2.98%. This puts suburb at number 1136th in NSW when ranking the most discounted suburbs.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.09%, without taking into account capital value appreciation, which has been averaging out at 9.50%.

Denistone is in the bottom 40% in NSW when comparing median price capital growth over the last year. Denistone gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.61%.

With the median price for a house in Denistone being $964500 and the advertised rent reaching $590 the gross rental yield for property investors calculates out to be 3.18%

HOUSE UNIT
$1,615,000 $964,500
-0.62% N/A
5.21% 2.61%
9.50% 9.86%
$650 $590
29 13
2.09% 3.18%
88.56 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3566
Median household income ($/weekly) 2145
Median age of persons 40
Median housing loan repayment ($/monthly) 2500
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 450 12.6
    25-34 years 325 9.1
    35-44 years 536 15.0
    45-54 years 609 17.1
    55-64 years 449 12.6
    Others 1197 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 1631 59.9
    Not Married 975 35.8
    Defacto Relationship 117 4.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2294 66.1
    Croatia 313 9.0
    Lebanon 150 4.3
    United Kingdom 104 3.0
    Other 119 3.4
    Others 492 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 124 3.7
    Christianity 2294 67.6
    Hinduism 47 1.4
    Islam 29 0.9
    No Religion 882 26.0
    Others 18 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 126 12.4
    $2,000-$2,499 109 10.7
    $2,500-$2,999 154 15.1
    $3,000-$3,499 104 10.2
    $4,000 or more 114 11.2
    Others 411 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1120 40.1
    Not in the labour force 889 31.8
    Employed, worked part-time 594 21.3
    Employed, away from work 99 3.5
    Unemployed, looking for work 92 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 279 15.4
    Professionals 621 34.2
    Technicians & trades workers 173 9.5
    Clerical & administrative workers 285 15.7
    Sales 163 9.0
    Others 294 16.2
    Occupation
    Census Count Percent(%)
    Pre-school 85 8.6
    Infants/Primary 299 30.2
    Secondary 252 25.5
    Technical or Further Educational Institution 68 6.9
    University or other Tertiary Institutions 265 26.8
    Others 21 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3062 88.8
    Semi-detached, row or terrace house, townhouse 381 11.0
    Flat, unit or apartment 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 529 47.6
    Being purchased 421 37.9
    Rented 158 14.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals