Denistone suburb profile
Denistone is a tranquil suburb located in Sydney's northern region, approximately 16km from the CBD. Known for its leafy streets and family-friendly atmosphere, Denistone offers a peaceful residential setting with a strong sense of community. The suburb features a mix of charming post-war homes and modern residences, appealing to families and professionals alike. Denistone is well-served by public transport, with a train station providing easy access to the city and surrounding areas. Its proximity to parks, schools, and shopping centres enhances its appeal as a convenient and serene place to live.
Denistone property market performance
Denistone's property market has shown positive growth over the past 12 months, with house values increasing by 6.2% and unit values experiencing a significant rise of 17.4%. The current median house price stands at $2.41 million, while the median unit price is $765,000, indicating strong demand for both property types.
Sales activity has been limited, with only 5 houses and 5 units sold in the past 12 months. Houses are taking longer to sell, with a median of 48 days on the market, compared to 34 days for units, suggesting a quicker turnover in the unit market.
The rental market in Denistone has also seen changes, with house rents increasing by 8.2% and unit rents rising by 2% over the last 12 months. The average rent for houses is now $920, while units average $765, reflecting a steady demand for rental properties.
Median price - houses$2.42MPast 3 months
Median price - units$765KPast 3 months
Change in value - houses7.9%12 months
Change in value - units17.4%12 months
Houses sold7Past 3 months
Units sold4Past 3 months
Median DOM - houses46Past 12 months
Median DOM - units34Past 12 months
Average rent - houses$963Past 12 months
Average rent - units$780Past 12 months
Change in rent - houses23.4%Past 12 months
Change in rent - units4.0%Past 12 months
Denistone demographics
Denistone, located in Sydney's Northern Suburbs, is a serene and family-friendly area known for its leafy streets and strong sense of community. With a population of 3,726, it offers a peaceful suburban lifestyle while still being conveniently connected to the city. The median age of 43 suggests a mature community, with many long-term residents and families who appreciate the suburb's tranquil environment and proximity to essential amenities.
The suburb's housing landscape is characterized by a high rate of home ownership, with 45.2% of properties owned outright and 36.5% owned with a mortgage. This stability reflects Denistone's appeal to families and established professionals seeking a permanent home. The rental market is relatively small, with only 18.4% of properties rented, indicating a preference for home ownership among residents.
Family life is central to Denistone, with 51.6% of households being couple families with children and 36.2% being couple families without children. The presence of quality schools, parks, and recreational facilities makes it an ideal location for raising a family. The suburb's community-oriented atmosphere is further enhanced by its low percentage of one-parent families (10.9%) and other family types (1.3%), fostering a cohesive and supportive environment for all residents.
Denistone infrastructure, key developments and investment opportunities
Denistone is experiencing some notable developments that may impact its property market. The ongoing revamp of West Ryde Marketplace, which includes a new Coles supermarket, is enhancing local shopping amenities and could increase the area's appeal. Additionally, the suburb's excellent schools, including the highly regarded Denistone East Public School, continue to attract families to the area.
Denistone's proximity to multiple train stations, including its own Denistone station and nearby West Ryde and Eastwood stations, provides strong public transport links to Sydney CBD. The suburb's leafy, family-friendly atmosphere, combined with its convenient location and transport options, is likely to sustain property demand. While no major infrastructure projects are currently underway specifically in Denistone, ongoing improvements in neighboring areas contribute to the suburb's overall desirability for homebuyers and investors.
Denistone rental market trends
The rental market in Denistone has experienced moderate growth, with house rents increasing by 8.2% over the past year to $920 per week, while unit rents have seen a modest rise of 2.0% to $765 per week. This suburb continues to attract interest due to its family-friendly environment and proximity to essential amenities, making it a desirable location for both renters and investors.
Suburbs near Denistone
Some popular suburbs near Denistone include: