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

The population of the Denman Prospect statistical area (Lv2) is estimated to be around 6,164 as of Nov 2025. This reflects an increase of 3,405 people since the 2021 Census, which reported a population of 2,759 people. The change is inferred from the resident population of 4,888 estimated by AreaSearch following examination of the latest ERP data release by the ABS (June 2024) and an additional 1,337 validated new addresses since the Census date. This level of population equates to a density ratio of 1,300 persons per square kilometer, which is above average national locations assessed by AreaSearch. The Denman Prospect's 123.4% growth since the 2021 census exceeded the state (6.4%) and SA4 region, marking it as a growth leader in the area. Population growth was primarily driven by interstate migration contributing approximately 90.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered and years post-2032, age group growth rates from the ACT Government's SA2 area projections are adopted. Demographic trends predict exceptional growth over the period with the Denman Prospect (SA2) expected to increase by 7,743 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 104.9% 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

Between FY-21 and FY-25, Denman Prospect received around 438 dwelling approvals per year on average. This totals an estimated 2,190 homes over the past five financial years. As of FY-26, there have been 379 recorded approvals. Each year, approximately 1.9 people moved to the area for each dwelling built during this period.

This balance between supply and demand supports stable market conditions. The average construction value of new homes is $382,000, indicating a focus on premium properties. In FY-26 alone, $51.8 million in commercial development approvals have been recorded, demonstrating high levels of local commercial activity. Compared to the Australian Capital Territory, Denman Prospect records 254.0% more new home approvals per person. This offers buyers greater choice but shows a slowing trend in recent years. The area has seen an increase in medium and high-density housing, with 67.0% of approvals for such developments compared to the current 49.0% houses. This shift reflects decreasing availability of developable sites and changing lifestyles.

With around 12 people per dwelling approval, Denman Prospect is classified as a growth area. According to AreaSearch's latest quarterly estimate, Denman Prospect is projected to add 6,467 residents by 2041. Current construction levels 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 in local infrastructure significantly impact an area's performance. AreaSearch has identified nine projects potentially affecting this region. Notable initiatives include Molonglo River Bridge and John Gorton Drive Extension, Denman Apartments, The Borough, and Denman Prospect (Suburb Development). Relevant projects are listed 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%, below the Australian Capital Territory's (ACT) rate of 3.6%. Workforce participation is high at 82.9% compared to ACT's 69.6%. Key industries include public administration & safety, professional & technical, and health care & social assistance. The area specializes in professional & technical services with an employment share 1.4 times the regional level, while education & training shows lower representation at 5.8% versus the regional average of 9.6%.

Employment opportunities may be limited locally as indicated by Census data. In the year to September 2025, employment levels increased by 3.2%, and labour force grew by 3.8%, raising the unemployment rate by 0.6 percentage points. This contrasts with ACT where employment rose by 1.4% and unemployment fell by 0.2 percentage points. State-level data to 25-Nov-25 shows ACT employment grew by 1.19% year-on-year, with an unemployment rate of 4.5%. Jobs and Skills Australia's national employment forecasts from May-25 suggest Denman Prospect's employment should increase by 7.0% over five years and 14.1% over ten years, based on industry-specific projections.

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 on June 30, 2023, the suburb of Denman Prospect had a median income among taxpayers of $93,675 and an average income of $111,440. Nationally, these figures are exceptionally high compared to 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 June 30, 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 all rank highly nationally, between the 98th and 99th percentiles. Income distribution shows that 36.6% of residents (2,256 people) fall into the $4000+ bracket, differing from the surrounding region where the $1,500 - 2,999 category is predominant at 34.3%. Economic strength in Denman Prospect is evident with 55.4% of households achieving high weekly earnings exceeding $3,000, supporting 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, according to the latest Census evaluation, 48.6% of dwellings were houses while 51.3% consisted of other types such as semi-detached homes, apartments, and 'other' dwellings. This contrasts with the Australian Capital Territory's figures of 40.9% for houses and 59.2% for other dwellings. Home ownership in Denman Prospect stood at 6.7%, with mortgaged dwellings accounting for 78.7% and rented dwellings making up 14.6%. The median monthly mortgage repayment in the area was $2,400, higher than the Australian Capital Territory average of $2,099. Meanwhile, the median weekly rent figure in Denman Prospect was recorded at $498, compared to the Australian Capital Territory's $472. Nationally, Denman Prospect's mortgage repayments were significantly higher than the Australian average of $1,863, while 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 constitute the remaining 21.7%, with lone person households at 18.8% and group households comprising 3.1%. The median household size is 2.8 people, which is larger than the Australian Capital Territory average of 2.7.

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+ holding university qualifications compared to the national average of 30.4%. Locally, 46.8% of residents in the SA4 region have such qualifications. The area's educational advantage is evident in its higher education participation rates. 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+, 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 primary (13.4%), tertiary (6.9%), and secondary education (5.7%).

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 operating within Denman Prospect as of August 2021. These stops serve a mix of bus routes, totaling 45 individual routes that facilitate 3,796 weekly passenger trips combined. As of this date, transport accessibility is rated good with residents on average located 233 meters from the nearest stop.

Service frequency averages 542 trips per day across all routes, equating to approximately 271 weekly trips per individual stop as of August 2021.

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, with very low prevalence of common health conditions across all ages. Private health cover is exceptionally high at approximately 71% of its total population of 4,388 people, compared to the national average of 55.7%.

Mental health issues and asthma are the most common medical conditions in the area, affecting 7.0% and 6.3% of residents respectively. A total of 81.5% of residents report no medical ailments, slightly higher than the Australian Capital Territory's average of 80.0%. As of 2021, Denman Prospect has 4.6%, or 283 people aged 65 and over. Senior health outcomes are strong, closely aligned with 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. The predominant religion in Denman Prospect is Christianity, which accounts for 30.6% of the population. Hinduism is notably overrepresented, comprising 14.5% compared to the Australian Capital Territory's average of 12.7%.

In terms of ancestry, the top three groups are Australian (16.9%), Other (16.8%), and English (16.0%). Some ethnic groups have significant representation differences: Sri Lankan is overrepresented at 1.8% compared to the regional average of 0.9%, Indian at 11.4% versus 9.0%, and Croatian at 1.5% compared to 0.7%.

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 year-olds at 24.9%, but fewer 55-64 year-olds at 5.0%. This 35-44 age group is well above the national average of 14.2%. According to post-2021 Census data, demographic aging is evident with the median age increasing from 31 to 32 years. Significant shifts include the 45 to 54 age group growing from 8.9% to 11.7%, and the 65 to 74 cohort increasing from 2.2% to 3.6%. Conversely, the 25 to 34 age group has declined from 24.0% to 20.6%, and the 0 to 4 age group dropped from 9.7% to 7.3%. Population forecasts for 2041 indicate substantial demographic changes for Denman Prospect, with the 35 to 44 cohort projected to grow by 94%, adding 1,440 residents to reach a total of 2,975.