Denistone (postcode 2114) is a smaller suburb in New South Wales within the Ryde local government area. It is home to about 3,726 residents, with an established demographic and a median age of 43. Households earn a median income of $140K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
Median house prices in Denistone stand at $2.4 million, having softened modestly by 0.8% over the last twelve months. Units have a median price of $1.4 million (-6.4% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,902.
Denistone is served by 1 school, including 1 primary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 1 rail station, 8 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Ryde LGA is below average at 2,087 incidents per 100,000 population.
From an investment perspective, Denistone shows a gross rental yield of approximately 1.5%, rated as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.0x is considered stretched. House prices have moved -0.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.