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 analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the population of Denman Prospect is estimated at around 6,095 as of May 2026. This reflects an increase of 3,336 people (120.9%) since the 2021 Census, which reported a population of 2,759 people. The change is inferred from the resident population of 5,608 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 1,497 validated new addresses since the Census date. This level of population equates to a density ratio of 1,285 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. The suburb's 120.9% growth since the 2021 census exceeded the state's (8.3%) 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 90.0% 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. Moving forward with demographic trends, exceptional growth is predicted over the period with the suburb expected to grow by 7,399 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 111.7% in total over the 16 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 annually granted approval for approximately 438 residential properties based on AreaSearch analysis. Over the past five financial years, from FY-21 to FY-25, around 2,190 homes were approved, with an additional 389 approved so far in FY-26. On average, each dwelling constructed over these years has accommodated about 1.9 new residents annually.

This balance between supply and demand suggests stable market conditions. The average construction value of new properties is $382,000, indicating a focus on the premium market with high-end developments. In FY-26, commercial approvals totalled $51.8 million, reflecting strong commercial development momentum in Denman Prospect. Compared to the Australian Capital Territory, Denman Prospect has 132.0% more development activity per person, providing buyers with ample choice. However, building activity has slowed in recent years. Recent construction comprises 33.0% standalone homes and 67.0% medium and high-density housing, creating more affordable entry points for downsizers, investors, and first-home buyers. Denman Prospect currently reflects a developing area, with around 12 people per approval.

Future projections estimate an addition of 6,806 residents by 2041 based on the latest AreaSearch quarterly estimate. If current development patterns continue, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified nine such projects likely affecting this region. Notable ones are Molonglo River Bridge and John Gorton Drive Extension, Denman Apartments, The Borough, and S73 Denman Prospect. 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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The labour market strength in Denman Prospect positions it well ahead of most Australian regions

Denman Prospect has a highly educated workforce with strong representation in professional services. Its unemployment rate was 2.1% as of the past year, with an estimated employment growth of 1.1%. As of December 2025, there were 3,105 residents employed, with an unemployment rate of 1.7%, below the Australian Capital Territory's (ACT) rate of 3.8%.

Workforce participation was 73.7%, compared to ACT's 70.5%. A moderate 13.7% of residents worked from home, considering Covid-19 lockdown impacts. Employment is concentrated in public administration & safety, professional & technical services, and health care & social assistance. Notably, employment levels in professional & technical services were at 1.4 times the regional average, while education & training employed just 5.8% of local workers, below ACT's 9.6%.

The area offers limited local employment opportunities, indicated by Census data comparing working population to resident population. In a 12-month period ending in May-25, employment increased by 1.1%, labour force grew by 2.0%, causing unemployment rate to rise by 0.9 percentage points. Comparatively, ACT recorded employment growth of 0.9%, labour force growth of 1.2%, and an unemployment increase of 0.3 percentage points. National employment forecasts from Jobs and Skills Australia project national employment expansion by 6.6% over five years and 13.7% over ten years. 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, though this is a simple weighting 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

In financial year 2023, Denman Prospect had a median taxpayer income of $93,675 and an average income of $111,440. Nationally, these figures are exceptionally high compared to the Australian Capital Territory's median of $72,206 and average of $85,981. By March 2026, estimated incomes would be approximately $103,455 (median) and $123,074 (average), based on a 10.44% growth since financial year 2023. Census data shows Denman Prospect's household, family, and personal incomes rank between the 98th and 99th percentiles nationally. Income distribution indicates that 36.6% of residents (2,230 individuals) earn $4000+ weekly, contrasting with the region where the $1,500 - 2,999 bracket leads at 34.3%. High earners comprise 55.4%, suggesting strong purchasing power within the community. Housing costs consume 15.8% of income, but disposable income ranks at the 97th percentile. 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

Denman Prospect's dwelling structures, as per the latest Census, consisted of 48.6% houses and 51.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Australian Capital Territory had 63.3% houses and 36.7% other dwellings. Home ownership in Denman Prospect was 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. The median weekly rent was $498, compared to 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 account for 78.3 percent of all households, including 43.9 percent couples with children, 24.8 percent couples without children, and 8.3 percent single parent families. Non-family households constitute the remaining 21.7 percent, with lone person households at 18.8 percent and group households comprising 3.1 percent of the total. The median household size is 2.8 people, 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 years and over holding university qualifications. This compares to national figures of 30.4% and regional SA4 figures of 46.8%. The area's educational advantage is reflected in its knowledge-based opportunities. Bachelor degrees are the most common at 33.9%, followed by postgraduate qualifications (23.3%) and graduate diplomas (5.4%).

Vocational pathways account for 18.9% of qualifications among those aged 15 years and over, with advanced diplomas making up 9.1% and certificates 9.8%. Educational participation is high, 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

Transport analysis indicates 14 active public transport stops in Denman Prospect, all of which are bus stops. These stops are served by a total of 45 different routes, facilitating 3796 weekly passenger trips combined. The accessibility of these transport services is considered good, with residents typically located approximately 233 meters from the nearest stop. As a primarily residential area, most commuting patterns involve outward travel. Cars remain the dominant mode of transportation for these commutes at 91%, while buses account for 6%. On average, each dwelling owns 1.4 vehicles.

According to the 2021 Census, 13.7% of residents work from home, which may be influenced by COVID-19 conditions. The average service frequency across all routes is 542 trips per day, equating 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

Health outcomes data shows excellent results across Denman Prospect. AreaSearch's assessment indicates very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 71% of the total population (4,339 people), compared to 62.4% in the Australian Capital Territory and a national average of 55.7%.

The most prevalent medical conditions are mental health issues affecting 7.0% of residents and asthma impacting 6.3%. Notably, 81.5% of residents declare themselves completely clear of medical ailments, higher than the 70.2% across Australian Capital Territory. As of 4th July 2021, Denman Prospect has 4.5% of residents aged 65 and over (274 people), 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 a 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 predominant religion in Denman Prospect, comprising 30.6% of its population. However, Hinduism is significantly overrepresented, making up 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%). Notably, Sri Lankan (1.8%) and Indian (11.4%) ethnicities are overrepresented in Denman Prospect compared to regional averages of 0.4% and 3.3%, respectively. Additionally, Croatian ethnicity is slightly overrepresented at 1.5%.

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 substantially under the Australian median of 38. Compared to the Australian Capital Territory, Denman Prospect has a higher concentration of 35-44 residents (24.2%) but fewer 15-24 year-olds (9.2%). This concentration is well above the national average of 14.3%. Post-2021 Census data shows demographic aging with the median age advancing from 31 to 32 years. Significant shifts include the 45 to 54 age group growing from 8.9% to 12.5%, the 25 to 34 cohort declining from 24.0% to 21.2%, and the 0 to 4 group dropping from 9.7% to 7.1%. Population forecasts for 2041 indicate substantial demographic changes, with the 35 to 44 cohort projected to grow by 102%, adding 1,509 residents to reach 2,984.