Lorna Wang
Dubbo, NSW+27
Canberra · Molonglo Valley
Denman Prospect is one of Canberra's newest and most rapidly developing suburbs, offering a modern, master-planned lifestyle. It is defined by its contemporary architecture, high-quality homes, and stunning natural surrounds with views of the Molonglo Valley and Brindabella Ranges. The suburb is designed for active, community-focused living, featuring numerous parks, playgrounds, and extensive walking and cycling trails that connect to the nearby Stromlo Forest Park and National Arboretum.
Market snapshot
Price register · May 2026
Median house
$925,000 - $1.25M
Mid-band $1.09Mspread 30%
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Create Your Free ProfileLast reviewed 13 May 2026
Median unit
$500,000 - $675,000
Mid-band $588Kspread 30%
Days on market
~48-112 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
Private-treaty market
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
3.2% to 4.2%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+19% to +39%
cumulative since 2021Who buys here
Young professionals · Families with children · Upsizers
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
Denman Prospect's property market is characteristic of a new, high-demand suburb in a significant growth phase. As one of the flagship suburbs of the Molonglo Valley expansion, it has experienced rapid development and strong price appreciation since its inception. The median house price currently sits around $1.09 million, with units at a more accessible $590,000. The market has seen remarkable year-on-year growth for houses at 17.84%, a testament to its desirability. This growth is fueled by a combination of factors, including the availability of new, high-quality housing stock, its scenic location, and significant investment in local infrastructure.
Demand is largely driven by families and professionals seeking modern homes with good amenities, close to nature but with easy access to the city. The suburb's master-planned nature, with its focus on parks, schools, and local shops, creates a strong pull for this demographic. Supply consists of a mix of land packages, newly built homes, townhouses, and apartments, catering to a range of buyers. The development of projects like 'The Borough', a 700-apartment community, indicates a strategic move towards higher density to meet ongoing demand. While the rapid pace of construction has led to a steady stream of new properties, demand continues to outstrip supply, keeping prices firm. The rental market is also robust, with a rental yield of 3.7% for houses, appealing to investors looking for growth and steady returns in a burgeoning area. Future infrastructure, including the Molonglo Stage 2 development which will add thousands of new homes and a commercial centre, ensures that Denman Prospect will remain a key growth hub in Canberra for the foreseeable future.
Why a buyers agent
In a rapidly evolving suburb like Denman Prospect, a buyer's agent is an invaluable asset. The market is dynamic, with new land releases, off-plan sales, and a wide variety of builders and property qualities. An agent with local expertise can navigate the nuances of this new development, distinguishing premium blocks with better views or orientation from the less desirable ones. They have insights into the reputation of different builders and can identify superior build quality, a crucial factor in a suburb with so much concurrent construction. Furthermore, an agent can provide access to off-market opportunities and help buyers understand the future development plans for the Molonglo Valley, ensuring their purchase is not only a home but a sound long-term investment. They can decipher the complexities of a market with fluctuating prices and high competition, providing a strategic advantage in securing the right property at the right price.
Enjoy a high standard of living in a suburb designed for the 21st century, with quality public spaces, modern architecture, and thoughtful infrastructure.
With Stromlo Forest Park, the National Arboretum, and the Molonglo River at your doorstep, Denman Prospect offers an unparalleled lifestyle for lovers of the outdoors, from mountain biking to hiking.
As a key part of Canberra's fastest-growing region, the suburb has demonstrated strong capital growth and is supported by ongoing government and private investment, making it a sound choice for homeowners and investors.
With a new school, numerous parks, and a strong community focus, it's an ideal environment for families to thrive.
Compare
| Metric | This suburbDenman Prospect | NearbyWright |
|---|---|---|
| Median house | $925,000 - $1.25M | $1.05M - $1.45M |
| Median unit | $500,000 - $675,000 | $475,000 - $650,000 |
| Auction clearance | — | — |
| Days on market | ~48-112 days | ~50-116 days |
| Year-on-year growth | +13% to +23% | -3% to +7% |
| 5-year growth | +19% to +39% | — |
| Rental yield | 3.2% to 4.2% | 3.5% to 4.5% |
| Postcode | 2611 | 2611 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Denman Prospect is a premier suburb in Canberra's Molonglo Valley district, located approximately 13km west of the CBD. It offers residents a unique blend of modern urban planning and stunning natural landscapes. A key feature is the Evelyn Scott School, providing education from preschool to Year 10 with a focus on STEM. For older students, nearby options include Mount Stromlo High School and Canberra College.
The suburb is well-serviced by public transport, with ACTION bus routes, including the rapid route 10, connecting directly to the City Interchange and the Australian National University. For motorists, John Gorton Drive provides a major arterial link to the rest of Canberra. Shopping and dining are centred around the Denman Village Shops, a vibrant hub that includes a supermarket, cafes, restaurants, a gym, and various medical and healthcare services.
Recreation is a cornerstone of the Denman Prospect lifestyle. The suburb is dotted with high-quality parks and playgrounds, such as the expansive Ridgeline Park, the family-friendly Denman Village Playground, and the newer Coree Park. Its proximity to Stromlo Forest Park, a world-class facility for cycling, running, and equestrian activities, and the National Arboretum Canberra, makes it a haven for outdoor enthusiasts. The suburb's design thoughtfully incorporates green spaces and walking trails, promoting an active and connected community life.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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