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 ABS population updates and AreaSearch validation, the suburb of Denman Prospect's estimated population is around 6,414 as of Feb 2026. This reflects an increase of 3,655 people since the 2021 Census, which reported a population of 2,759. The change is inferred from AreaSearch estimating the resident population at 4,888 following examination of ABS's latest ERP data release in June 2024 and an additional 1,427 validated new addresses since the Census date. This results in a density ratio of 1,353 persons per square kilometer, above national averages assessed by AreaSearch. Denman Prospect's growth of 132.5% since the 2021 census exceeded the state's growth rate of 6.7%. Population growth was primarily driven by interstate migration contributing approximately 90.0% of overall population gains.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered and years post-2032, ACT Government's SA2 area projections with a 2022 base are used. Future demographic trends predict exceptional growth, placing Denman Prospect in the top 10 percent of Australian statistical areas. By 2041, the suburb is expected to increase by 7,743 persons based on aggregated SA2-level projections, reflecting an overall increase of 96.9% 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 seen around 438 dwelling approvals per year over the past five financial years, totalling approximately 2,190 homes. As of FY-26, there have been 379 recorded approvals. The average population growth for each dwelling built between FY-21 and FY-25 has been around 1.9 people per year. This suggests a balanced supply and demand market with stable conditions.

The average construction cost value for new homes in the area is approximately $382,000, indicating a focus on premium properties. In terms of commercial development, Denman Prospect has seen $51.8 million in approvals this financial year, reflecting high levels of local activity. Compared to the Australian Capital Territory, Denman Prospect records 254.0% more new home approvals per person, offering buyers greater choice. However, building activity has slowed in recent years. The type of housing being built in Denman Prospect is shifting towards higher-density living. Currently, 33.0% of new building activity involves standalone homes, while medium and high-density housing makes up the remaining 67.0%. This change reflects decreasing availability of developable sites and a need for more diverse, affordable housing options.

With around 12 people per dwelling approval, Denman Prospect exhibits characteristics of a growth area. According to AreaSearch's latest quarterly estimate, the population is projected to increase by 6,217 residents by 2041. Given current construction levels, housing supply should meet demand adequately, creating favourable conditions for buyers and potentially enabling growth that exceeds current forecasts.

Denman Prospect has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified nine projects likely impacting the area. Notable projects include Molonglo River Bridge and John Gorton Drive Extension, Denman Apartments, The Borough, and Denman Prospect (Suburb Development). Relevant projects are detailed below.

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

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The exceptional employment performance in Denman Prospect places it among Australia's strongest labour markets

Denman Prospect has a highly educated workforce with professional services well represented. Its unemployment rate was 1.8% in the past year, with an estimated employment growth of 3.2%. As of September 2025, 3,108 residents are employed, with an unemployment rate of 1.7%, lower than the Australian Capital Territory's rate of 3.6%.

Workforce participation is high at 84.9% compared to the ACT's 72.5%. Moderately, 13.7% of residents work from home. Key industries include public administration & safety, professional & technical services, and health care & social assistance. The area specializes in professional & technical services with an employment share 1.4 times the regional level but has lower representation in education & training at 5.8%, compared to the regional average of 9.6%.

Local employment opportunities appear limited as indicated by the working population versus resident population count. Between September 2024 and September 2025, employment levels increased by 3.2% while labour force grew by 3.8%, raising unemployment rate by 0.6 percentage points. In contrast, ACT saw employment rise by 1.4%, labour force grow by 1.2%, and unemployment fall by 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest national employment growth of 6.6% over five years and 13.7% over ten years, with varying rates across industries. Applying these projections to Denman Prospect's employment mix indicates local employment should increase by 7.0% over five years and 14.1% over ten years, though this is a simple extrapolation for illustrative purposes only.

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

As per AreaSearch's latest postcode level ATO data released for financial year ending June 2023, Denman Prospect's median income among taxpayers is $93,675. The average income in the suburb is $111,440. Nationally, these figures are exceptionally high, with the Australian Capital Territory having a median income of $72,206 and an average of $85,981. Based on Wage Price Index growth of 9.26% since financial year ending June 2023, current estimates for Denman Prospect would be approximately $102,349 (median) and $121,759 (average) as of September 2025. According to Census 2021 income data, household, family, and personal incomes in Denman Prospect rank highly nationally, between the 98th and 99th percentiles. Income distribution shows that the $4000+ bracket dominates with 36.6% of residents (2,347 people). This differs from the surrounding region where the $1,500 - 2,999 category is predominant at 34.3%. Economic strength in Denman Prospect is evident through 55.4% of households achieving high weekly earnings exceeding $3,000, which supports elevated consumer spending. High housing costs consume 15.8% of income, but strong earnings place disposable income at the 97th percentile nationally. 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 recorded in the latest Census, 48.6% of dwellings were houses while 51.3% consisted of semi-detached homes, apartments, and other types. This differed from the Australian Capital Territory's 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 Australian Capital Territory average of $2,080. Median weekly rent in Denman Prospect was $498, compared to the Australian Capital Territory's $450. Nationally, Denman Prospect's mortgage repayments were significantly higher at $1,863 and rents 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 constitute 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 comprise the remaining 21.7%, with lone person households at 18.8% and group households making up 3.1%. 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

In Denman Prospect, residents aged 15 and above have a notably higher educational attainment compared to broader benchmarks. Specifically, 62.6% of residents hold university qualifications, which is significantly higher than the Australian average of 30.4% and the SA4 region's average of 46.8%. This high level of educational attainment positions Denman Prospect favourably for knowledge-based opportunities. Bachelor degrees are the most common at 33.9%, followed by postgraduate qualifications at 23.3%, and graduate diplomas at 5.4%.

Vocational pathways account for 18.9% of qualifications among those aged 15 and above, with advanced diplomas making up 9.1% and certificates 9.8%. Educational participation is notably 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 together facilitate 3796 weekly passenger journeys. The area's transport accessibility is deemed good, with residents typically situated 233 meters from the nearest stop. As a predominantly residential zone, most commuting is outward-bound. Cars remain the primary mode of transport, used by 91% of residents, while buses account for 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. Across all routes, an average of 542 trips are made daily, 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 according to AreaSearch's analysis. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 71% of the total population (4566 people), compared to 62.4% in Australian Capital Territory and a national average of 55.7%.

The most common medical conditions are mental health issues and asthma, affecting 7.0% and 6.3% of residents respectively. 81.5% of residents report being completely clear of medical ailments, higher than the 70.2% across Australian Capital Territory. As of 31 December 20XX, Denman Prospect has 5.4% (346 people) of residents aged 65 and over, lower than the 14.3% in Australian Capital Territory. Health outcomes among seniors are particularly strong, ranking higher than the general population nationally.

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 high cultural diversity, with 42.8% of its population born overseas and 46.1% speaking a language other than English at home. Christianity is the main religion, comprising 30.6%. Hinduism is notably overrepresented at 14.5%, 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%). Sri Lankan, Indian, and Croatian ethnicities are overrepresented in Denman Prospect at 1.8%, 11.4%, and 1.5% respectively, compared to regional averages of 0.4%, 3.3%, and 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 younger than the Australian Capital Territory average of 35 and significantly below the national median of 38. Compared to the ACT, Denman Prospect has a higher proportion of residents aged 35-44 (24.8%) but fewer residents aged 15-24 (9.2%). This concentration of 35-44 year-olds is notably higher than the national average of 14.3%. Post-2021 Census data indicates demographic aging, with the median age increasing from 31 to 32 years. Significant 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 age group has declined from 24.0% to 19.6%, and the 0 to 4 age group has dropped from 9.7% to 7.1%. Population forecasts for 2041 suggest substantial demographic changes in Denman Prospect, with the strongest projected growth in the 35 to 44 cohort (87%), adding 1,384 residents to reach a total of 2,975.