Denman (postcode 2328) is a small locality in New South Wales within the Muswellbrook local government area. The area has roughly 1,821 residents and an established family demographic, with a median age of 43. Households earn a median income of $74K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 technicians & trades, machinery operators & drivers, community & personal service. Employment in the area leans toward mining and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Denman stand at $570,000, having increased by 4.6% over the last twelve months. Units have a median price of $327,000 (-15.6% YoY). The current median weekly rent is $535. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,650.
Denman is served by 2 schools, including 2 primary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 53 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Muswellbrook LGA is moderate at 6,216 incidents per 100,000 population.
From an investment perspective, Denman shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($570K/$1.5M), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +4.6% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.