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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:

Common questions about Denistone

  • Is Denistone a nice place to live?

    Denistone is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in Sydney's northern region, this charming area is known for its leafy streets and welcoming community vibe. The suburb's mix of post-war homes and modern residences provides a variety of living options that appeal to both families and professionals. With its peaceful atmosphere and strong sense of community, Denistone is an ideal setting for those seeking a tranquil suburban lifestyle.

    Families will find Denistone particularly appealing due to its proximity to quality schools and recreational facilities. The suburb is well-served by public transport, with a train station that offers convenient access to Sydney's CBD and surrounding areas. This connectivity, combined with nearby parks and shopping centres, ensures that residents have easy access to essential amenities while enjoying the suburb's peaceful ambiance. Safety is generally not a concern, contributing to the suburb's reputation as a secure and pleasant place to live.

    While Denistone offers a fantastic lifestyle, it does come with some trade-offs. The suburb's tranquil environment means it lacks the bustling nightlife and trendy cafes found in more urban areas. However, this is balanced by the strong community feel and the opportunity to enjoy a quieter lifestyle. For those who value a peaceful setting with the convenience of city access, Denistone is an excellent choice. Its family-oriented atmosphere and leafy surroundings make it a standout suburb for those looking to settle down in a supportive and serene community.

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  • Is it expensive to live in Denistone?

    Living in Denistone can be quite expensive, particularly when it comes to housing. The median house price is currently around $2,407,000, which is significantly higher than many other suburbs in the Sydney area. If you're considering renting, the average rent for a house is about $920 per week, while units are slightly more affordable at $765 per week.

    When we look at the income side, the average wage in Denistone is approximately $126,000 per year, which is above the average salary in Sydney, typically around $85,000. However, even with a higher local income, the high property prices and rental costs mean that a significant portion of one's earnings would go towards housing. This could make it challenging for those earning an average salary to comfortably afford living in Denistone.

    Overall, while Denistone offers a pleasant suburban lifestyle with its leafy streets and family-friendly atmosphere, the cost of living, especially in terms of housing, is on the higher end. If you are thinking of living in Denistone, it's essential to carefully consider your financial situation to ensure it aligns with the expenses associated with residing in this desirable suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Denistone a good place to invest?

    Denistone is showing promising signs as a suburb worth considering for investment. Over the past year, the suburb has experienced a notable 6.2% increase in median house values, indicating a healthy demand for properties. Even more impressive is the 17.4% rise in median unit values, suggesting a strong interest in more affordable housing options, likely driven by first-time buyers or investors seeking entry-level opportunities.

    The rental market in Denistone also presents a positive outlook. House rents have increased by 8.2% over the last 12 months, reflecting a robust demand for family homes. Although the change in rent for units is more modest at 2.0%, it still indicates a steady interest in rental properties, which can provide a reliable income stream for investors.

    Overall, Denistone offers a balanced mix of capital growth and rental yield potential. Its proximity to key amenities and transport links enhances its appeal, making it an attractive option for both buyers and renters. With its recent growth trends and stable rental market, Denistone stands out as a suburb with solid investment potential.

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