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Denistone West, NSW 2114
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,290,000
market range $2.2M-$2.4M
Median Unit
$730,000
Gross Yield (units)
5.0%
1yr Growth (houses)
+3.5%
market range -10.0% to +12.5%
Investment snapshot for Denistone West
Denistone West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Denistone West market and investor summary
Denistone West (NSW 2114) runs a median house price of $2.3M. House prices have moved +3.5% over the past year and +0.7% over three years. At 9.0% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 9.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Denistone West: people, income and schools
Denistone West has a resident population of roughly 947, and the area has been growing steadily, up about 6% over five years. The median age is 42, skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $134,000 a year, or roughly $2,580 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 17.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
There are 67 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 14 km from the CBD. It is fairly car-dependent; the suburb scores 11 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 947
- +6% over 5yr
- Median age
- 42 years
- Median household income
- $134,000/yr
- Households renting
- 13%
- Family households
- 86%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 67
- avg ICSEA 1113
- Unemployment
- 3.3%
- Distance to CBD
- 14 km
- Walk score
- 11/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Denistone West
View all →Frequently asked questions about Denistone West
What should I check before investing in Denistone West?
Denistone West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Denistone West?
The median property price in Denistone West, NSW 2114 is $2.3M for houses and $730K for units.
What rental yield does Denistone West show?
The gross rental yield in Denistone West is 5.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Denistone West?
House prices in Denistone West are up 3.5% over the past year and up 0.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Denistone West?
The current vacancy rate in Denistone West is 9.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Denistone West?
Denistone West has a population of approximately 947 residents, with a median age of 42.
What schools are near Denistone West?
There are 67 schools within roughly 5km of Denistone West. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Denistone West affordable to buy in?
A median house in Denistone West costs about 17.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Denistone West's population growing?
The population of Denistone West has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Denistone West from the CBD?
Denistone West is about 14 km from the CBD.
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