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ABS 2021 Census · Updated 21 May 2026
Denman Prospect is a well-established middle-ring suburb of Canberra, Australia, with a population of approximately 2,759, making it a boutique locality. Located approximately 10 km from the Canberra CBD, Denman Prospect is a middle ring area in Australian Capital Territory. The median household income is $167,388 per year.
Denman Prospect benefits from a high-income resident base, supporting premium property pricing. Close CBD access strengthens tenant appeal and resale value.
Official Australia Post postcode for Denman Prospect. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Denman Prospect on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Denman Prospect is a smaller community of 2,759 — about 72% of the Australian Capital Territory suburb median (3,808) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $167,388/year runs 35% above the Australian Capital Territory suburb median of $123,916, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median weekly rent of $498 equates to $2,158/month — about 90% of the median mortgage repayment of $2,400/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. At 10 km from the Canberra CBD, Denman Prospect sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 45% of dwellings are separate houses (vs 71% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
This suburb suits long-term investors looking for a balance of rental yield and capital growth. Schools and transport underpin family demand. Local rents consume roughly 15% of household income — a useful sanity check on tenant affordability.
How Denman Prospect stacks up against the median of all Australian Capital Territory suburbs in our dataset. Positive values mean Denman Prospect sits above the state median; negative means below.
| Metric | Denman Prospect | ACT median | Δ vs state |
|---|---|---|---|
| Population | 2,759 | 3,808 | -28% |
| Median household income | $167,388/yr | $123,916/yr | +35% |
| Median rent (weekly) | $498 | $450 | +11% |
| Median mortgage (monthly) | $2,400 | $2,144 | +12% |
| Distance to CBD | 10 km | 10 km | 0% |
| Separate houses | 45% | 71% | -26pp |
Pre-inspection briefing for Denman Prospect — every item is derived from public datasets, with full citations in our data sources page.
Strong buy-and-hold fundamentals: household incomes run 35% above the Australian Capital Territory suburb median ($167,388 vs $123,916), and the 10 km CBD distance keeps this suburb in the primary demand zone. In Australian Capital Territory, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.
Strong rental coverage: $498/week (~$2,158/month) covers 90% of the $2,400/month median mortgage repayment, so the shortfall sits at just $242/month. Investors targeting positive cash flow should shortlist this suburb.
Only 45% of dwellings are separate houses (vs 71% ACT median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Denman Prospect property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Denman Prospect enters 2026 with a demographic tailwind — household incomes 35% above the Australian Capital Territory suburb median of $123,916 and a population of 2,759 give it the depth and purchasing power to outperform the wider ACT market over the next 12–18 months. Rental coverage runs at ~90% of the typical mortgage ($2,158/month rent vs $2,400/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 75/100 places Denman Prospect in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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Denman Prospect scores 75/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 2,759, median household income of $167,388/year and median weekly rent of $498. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Denman Prospect are proximity to Canberra (10 km), an above-state-median household income of $167,388/year, a dwelling mix that is 45% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Denman Prospect has a usual resident population of approximately 2,759, compared with a Australian Capital Territory suburb median of 3,808 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Denman Prospect sits 10 km straight-line from the Canberra CBD. This is inner-ring territory — pricing competes directly with established Canberra employment nodes.
The most recent census recorded a median weekly rent of $498 in Denman Prospect, equating to approximately $25,896/year in gross rental income (state median $450/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Denman Prospect is $2,400, or approximately $28,800/year (vs $2,144/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $498 works out to $2,158/month, covering 90% of the median mortgage repayment of $2,400/month. That leaves a $242/month shortfall (around $2,904/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (2,759 residents), interest-rate sensitivity on the $2,400 median mortgage, the broader Australian Capital Territory market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.