At number 1186th in the list of Australian suburbs ordered by increase in median house value over the last year, Denistone, 2114 is in the top 30% with a property value increase of 10.33% recorded in median house prices.
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.
Property investors looking for a bargain in Denistone should be aiming for at least -2.98% off the asking price, which is the average vendor discount being achieved at the moment.
Denistone is an average performer in NSW when comparing median price capital growth over the last year. Denistone gave property investors a good capital gain figure when compared to the rest of the state, with 10.23%.
While Denistone,2114 ranked number 460th in NSW for increase in median house value (annualised) increase, it is ranked 494th over the last 5 years.
Denistone, 2114’s gross rental yield is 3.20%