Located in New South Wales within the Ryde local government area, Denistone West is a small locality (postcode 2114). With a population of 947, the suburb has an established demographic with a median age of 42. Households earn a median income of $134K per year, with an average household size of 3.1 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, clerical & administrative, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Chinese, English, Australian.
The median house price in Denistone West is $2.2 million, having risen by 2.2% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,500.
The crime rate in the Ryde LGA is below average at 2,087 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.6%, which reads as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.8x is considered stretched. House prices have moved +2.2% 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.