Denman Prospect

Denman Prospect lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

Based on AreaSearch's analysis, Denman Prospect's population is around 6414 as of Feb 2026. This reflects an increase of 3655 people (132.5%) since the 2021 Census, which reported a population of 2759 people. The change is inferred from the estimated resident population of 4888 from the ABS as of June 2024 and an additional 1427 validated new addresses since the Census date. This level of population equates to a density ratio of 1353 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Denman Prospect's growth since the 2021 census exceeded the state (6.7%) and the SA4 region, marking it as a growth leader in the region. Population growth for the area was primarily driven by interstate migration that contributed approximately 90.2% of overall population gains during recent periods, although all drivers including natural growth and overseas migration were positive factors.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, age group growth rates from the ACT Government's SA2 area projections, with 2022 as a base, are adopted. Looking at population projections moving forward, exceptional growth, placing in the top 10 percent of national statistical areas, is predicted over the period with the area expected to expand by 7743 persons to 2041 based on the latest annual ERP population numbers, reflecting an increase of 96.9% in total over the 17 years.

The level of residential development activity in Denman Prospect was found to be higher than 90% of real estate markets across the country

Denman Prospect has experienced approximately 438 dwelling approvals annually. Over the past five financial years, from FY21 to FY25, around 2,190 homes have been approved, with an additional 379 approved in FY26 as of now. On average, about 1.9 people moved to the area each year for every dwelling built during these five years.

This suggests a balance between supply and demand, contributing to stable market conditions. The average construction cost of new homes is around $228,000. In FY26, there have been approximately $51.8 million in commercial approvals, indicating strong commercial development momentum. Compared to the Australian Capital Territory, Denman Prospect shows 254.0% higher construction activity per person, offering buyers greater choice. However, construction activity has eased recently. This high level of activity reflects strong developer confidence in the area. Recent construction comprises approximately 33.0% detached dwellings and 67.0% attached dwellings, indicating a trend towards denser development.

This shift provides accessible entry options, appealing to downsizers, investors, and entry-level buyers. This represents a notable change from the area's existing housing composition, which is currently around 49.0% houses. The location has approximately 12 people per dwelling approval, suggesting an expanding market. According to the latest AreaSearch quarterly estimate, Denman Prospect is projected to add around 6,217 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Denman Prospect has emerging levels of nearby infrastructure activity, ranking in the 22ndth percentile nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified nine projects likely impacting the area. Key projects include Molonglo River Bridge and John Gorton Drive Extension, Denman Apartments, The Borough, and Denman Prospect (Suburb Development). Below is a list detailing those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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Employment conditions in Denman Prospect rank among the top 10% of areas assessed nationally

Denman Prospect has a highly educated workforce with professional services well represented. Its unemployment rate is 1.8%, lower than the Australian Capital Territory's (ACT) 3.6%. Employment growth over the past year is estimated at 3.2%.

As of September 2025, 3,108 residents are employed, with an unemployment rate of 1.7% and workforce participation at 84.8%, higher than ACT's 72.5%. In home-based work, 13.7% of residents participate, considering Covid-19 lockdown impacts. Key employment industries include public administration & safety, professional & technical, and health care & social assistance. Denman Prospect specializes in professional & technical jobs with an employment share 1.4 times the regional level, while education & training has limited presence at 5.8%, compared to the regional 9.6%.

The area offers limited local employment opportunities as indicated by Census data comparing working population and resident population. Between September 2024 and September 2025, employment increased by 3.2% while labour force grew by 3.8%, raising unemployment rate by 0.6 percentage points. In contrast, ACT recorded employment growth of 1.4%, labour force growth of 1.2%, with a decrease in unemployment rate by 0.2 percentage points. National employment forecasts from Jobs and Skills Australia (May-25) project national employment expansion by 6.6% over five years and 13.7% over ten years, with varying growth rates across industries. Applying these projections to Denman Prospect's employment mix suggests local employment should increase by 7.0% over five years and 14.1% over ten years, assuming population projections remain constant for illustrative purposes.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

The median taxpayer income in Denman Prospect SA2 is $96,879 and the average is $112,798 according to AreaSearch's aggregation of latest postcode level ATO data for financial year 2023. This places it among the top percentile nationally, contrasting with the Australian Capital Territory's median income of $72,206 and average income of $85,981. Based on Wage Price Index growth of 9.26% since financial year 2023, current estimates would be approximately $105,850 (median) and $123,243 (average) as of September 2025. Census 2021 income data shows household, family, and personal incomes all rank highly in Denman Prospect, between the 98th and 99th percentiles nationally. Distribution data shows that the largest segment comprises 36.6% earning $4000+ weekly (2,347 residents), differing from the surrounding region where the $1,500 - 2,999 category predominates at 34.3%. The substantial proportion of high earners (55.4% above $3,000/week) indicates strong economic capacity throughout the area. High housing costs consume 15.8% of income, yet strong earnings still place disposable income at the 97th percentile and the area's SEIFA income ranking places it in the 10th decile.

Denman Prospect displays a diverse mix of dwelling types, with ownership patterns similar to the broader region

In Denman Prospect, as per the latest Census evaluation, 48.6% of dwellings were houses, with the remaining 51.3% being semi-detached homes, apartments, or other types. This differs from the Australian Capital Territory's (ACT) dwelling composition of 63.3% houses and 36.7% other dwellings. Home ownership in Denman Prospect stood at 6.7%, with mortgaged dwellings at 78.7% and rented ones at 14.6%. The median monthly mortgage repayment was $2,400, higher than the ACT average of $2,080. The median weekly rent in Denman Prospect was $498, compared to the ACT's $450. Nationally, Denman Prospect's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Denman Prospect features high concentrations of family households, with a higher-than-average median household size

Family households account for 78.3% of all households, including 43.9% couples with children, 24.8% couples without children, and 8.3% single parent families. Non-family households make up the remaining 21.7%, with lone person households at 18.8% and group households comprising 3.1% of the total. The median household size is 2.8 people, which is larger than the Australian Capital Territory average of 2.5.

Denman Prospect demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Educational attainment in Denman Prospect is notably high, with 62.6% of residents aged 15 and above holding university qualifications. This compares to a national average of 30.4% and a SA4 region average of 46.8%. The area's educational advantage is evident in the types of qualifications held: Bachelor degrees are most common at 33.9%, followed by postgraduate qualifications (23.3%) and graduate diplomas (5.4%). Vocational pathways account for 18.9% of qualifications, with advanced diplomas making up 9.1% and certificates 9.8%.

Educational participation is also high in Denman Prospect, with 33.8% of residents currently enrolled in formal education. This includes 13.4% in primary education, 6.9% in tertiary education, and 5.7% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Denman Prospect has 14 operational public transport stops, all of which are bus stops. These stops are served by 45 different routes that collectively facilitate 3796 weekly passenger trips. The area's transport accessibility is considered good, with residents typically located 233 meters from the nearest stop. Most residents commute outward due to Denman Prospect being primarily residential. Car remains the dominant mode of transportation at 91%, while bus usage stands at 6%. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census, 13.7% of residents work from home, which may be influenced by COVID-19 conditions. Service frequency averages 542 trips per day across all routes, translating to approximately 271 weekly trips per individual stop.

Denman Prospect's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Denman Prospect shows excellent health outcomes based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 76% of Denman Prospect's total population (4881 people) has private health cover, compared to 62.4% in the Australian Capital Territory and a national average of 55.7%.

Mental health issues affect 7.0% of residents, while asthma impacts 6.3%. Around 81.5% report no medical ailments, higher than the Australian Capital Territory's 70.2%. As of 5.3% aged 65 and over (342 people), Denman Prospect has a lower senior population than the Australian Capital Territory's 14.3%. Health outcomes among seniors align with national rankings, mirroring those of the general population.

Denman Prospect is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Denman Prospect has a high level of cultural diversity, with 42.8% of its population born overseas and 46.1% speaking a language other than English at home. Christianity is the predominant religion in Denman Prospect, comprising 30.6% of people. Hinduism is notably overrepresented, making up 14.5% of the population compared to the Australian Capital Territory average of 4.8%.

The top three ancestry groups are Australian (16.9%), Other (16.8%), and English (16.0%). These percentages are lower than the regional averages of 23.0% for Australian and 23.3% for English. There are significant differences in the representation of certain ethnic groups: Sri Lankan is overrepresented at 1.8% compared to the regional average of 0.4%, Indian at 11.4% (regional average 3.3%), and Croatian at 1.5% (regional average 0.9%).

Denman Prospect hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Denman Prospect's median age is 32 years, which is slightly younger than the Australian Capital Territory average of 35 and substantially under the Australian median of 38. Compared to the Australian Capital Territory, Denman Prospect has a higher concentration of 35-44 residents (24.8%) but fewer 15-24 year-olds (9.2%). This 35-44 concentration is well above the national average of 14.3%. According to post-2021 Census data, demographic aging is evident with the median age advancing from 31 to 32 years. Notable shifts include the 45 to 54 age group growing from 8.9% to 12.3% and the 65 to 74 cohort increasing from 2.2% to 4.0%. Conversely, the 25 to 34 cohort has declined from 24.0% to 19.6%, and the 0 to 4 group dropped from 9.7% to 7.1%. Population forecasts for 2041 indicate substantial demographic changes for Denman Prospect, with the 35 to 44 cohort showing the strongest projected growth at 87%, adding 1,386 residents to reach 2,976.