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The suburb’s capital gain of 4.59% for the past year is lower than average compared to its 46.15% growth within a five-year period.
Also in DENMAN, the median home price is sitting at $570,000, and the average rent at $575, this suggests property owners could potentially earn a 5.25% increase in gross rental yield.
Property investors have seen a 2.7% gain in DENMAN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.02% growth over a ten-year period. It ranks 1206th on our list of suburbs that property investors should look into.