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Macquarie Park suburb profile

Macquarie Park is a bustling suburb in Sydney's northern region, renowned for its thriving business district and educational institutions. Situated approximately 12km from the Sydney CBD, it is home to Macquarie University and a major shopping centre, Macquarie Centre, offering a wide range of retail and dining options. The suburb is well-connected by public transport, including a metro station, making it a convenient location for commuters. With a mix of residential developments, commercial spaces, and green parks, Macquarie Park attracts students, professionals, and families seeking a dynamic and convenient urban lifestyle.

Macquarie Park property market performance

Current median dwelling price$1,052,550Past 3 months

Property growth-3.2%Past 12 months

Macquarie Park’s property market has shown a unique trend over the past 12 months. The median unit price remains stable at $825,100, with no significant changes in value. The scarcity of house sales, with only 5 recorded, contributes to the lack of available data on house prices or market trends in this category.

The unit market has been more active with 98 units sold, although they tend to linger on the market with a median of 71 days, indicating slower buyer uptake. In contrast, houses have no median days recorded, reflecting minimal sales activity.

The rental market is more dynamic, with house rents seeing a robust increase of 14.4% to an average of $850 per month, while unit rents have risen by 6.7% to $800, highlighting a healthy demand in the rental sector of Macquarie Park.

HousesUnits
Median price
Past 3 months
N/A$825K
Change in value
Past 12 months
-0.5%-5.8%
Sold
Past 3 months
598
Median days on market
Past 12 months
N/A71
Average rent
Past 12 months
$850$800
Change in rent
Past 12 months
14.4%6.7%

5 year median price trend for houses and units

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Macquarie Park demographics

Macquarie Park, located in Sydney's northern suburbs, is a bustling hub known for its blend of business, education, and residential living. With a population of 11,071 and a median age of 31, it is a youthful and dynamic area, attracting young professionals and families alike. The suburb is home to Macquarie University, which significantly contributes to its vibrant and diverse community, making it a popular choice for students and academics.

The housing landscape in Macquarie Park is predominantly rental-based, with 68% of properties being rented. This high rental rate is indicative of the suburb's appeal to those seeking flexible living arrangements, including students and young professionals who are drawn to the area's proximity to educational institutions and employment opportunities. The suburb's household composition is varied, with 30.5% of families being couples with children and 54.1% being couples without children, reflecting a mix of family-oriented and independent lifestyles.

Macquarie Park's economic landscape is bolstered by its status as a major business district, hosting numerous multinational corporations and offering a range of employment opportunities. The median total household income of $1,886 per week underscores the area's economic vitality. With its combination of educational facilities, business opportunities, and a vibrant community, Macquarie Park continues to be a sought-after location for both living and working in Sydney.

Macquarie Park infrastructure, key developments and investment opportunities

Macquarie Park remains one of Sydney’s strongest employment and education hubs, anchored by Macquarie University and the wider business precinct, which supports steady demand from professionals, students and investors.[1][2]

The suburb also benefits from excellent access to the Metro Northwest line, major road connections and the Macquarie Centre retail hub, all of which add convenience and help underpin long-term desirability.[2][3][9]

Macquarie Park rental market trends

The rental market in Macquarie Park is robust, with house rents climbing 14.4% over the past year to $850 per week, and unit rents increasing 6.7% to $800 per week. With its strategic location and ongoing development, Macquarie Park offers attractive opportunities for both investors and renters seeking growth in a vibrant urban setting.

Suburbs near Macquarie Park

Some popular suburbs near Macquarie Park include:

How does Macquarie Park compare to nearby suburbs?

  • Median house prices: Macquarie Park’s median house price is 13.8% lower than Marsfield’s.
  • Median unit prices: Macquarie Park’s median unit price is 14.9% lower than Marsfield’s.
  • House price growth: Over the past 12 months, house prices in Macquarie Park have grown 1.2% higher than in West Pymble.
  • Unit price growth: Property prices in nearby Marsfield have risen 12.7% more than in Macquarie Park over the past year.
  • Selling speed for units: Properties in nearby Marsfield are selling 46.5% faster than in Macquarie Park.
  • Investment considerations: In Macquarie Park, the rental yield for house is 5.9% lower than the Sydney average, while the rental yield for units is 2.8% higher.
  • House price growth: Over the past 12 months, house prices in Macquarie Park have grown 37.5% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Macquarie Park have grown 7.3% lower than the average rate of growth for units across Sydney.

Common questions about Macquarie Park

  • Is Macquarie Park a nice place to live?

    Macquarie Park is a fantastic suburb to call home, offering a vibrant and dynamic lifestyle that caters to a diverse range of residents. Known for its bustling atmosphere, the suburb is a delightful blend of urban living and green spaces, making it an appealing choice for families, students, and professionals alike. The area boasts a lively vibe, with a strong sense of community fostered by its mix of educational institutions and business hubs. This creates a unique cultural tapestry that is both welcoming and engaging.

    Living in Macquarie Park means having easy access to a plethora of amenities. The suburb is well-served by public transport, including a metro station, which ensures seamless connectivity to the Sydney CBD and beyond. Residents can enjoy the convenience of nearby shopping, dining, and entertainment options, with the Macquarie Centre offering a wide array of retail experiences. Additionally, the presence of parks and green spaces provides a peaceful retreat from the urban hustle, perfect for families looking to enjoy outdoor activities.

    While Macquarie Park offers a dynamic and convenient lifestyle, it does come with some trade-offs. The high demand for rental properties can make securing a home competitive, and the bustling nature of the suburb might not suit those seeking a quieter environment. However, the suburb's strong community feel and access to quality schools make it an attractive option for families. Safety is generally not a major concern, but as with any urban area, it's always wise to stay vigilant.

    Overall, Macquarie Park is a delightful place to live, especially for those who value convenience, community, and a vibrant urban lifestyle. Its proximity to educational and employment opportunities, coupled with a rich cultural scene, makes it a highly desirable suburb for a wide range of residents.

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  • Is it expensive to live in Macquarie Park?

    Living in Macquarie Park can be considered relatively affordable compared to other Sydney suburbs, especially when focusing on unit prices. With the current median unit price at $825,100, it is a more accessible option for those looking to buy in this area. Renting is also somewhat reasonable, with average rents for units around $800 per week, slightly lower than the average rent for houses at $850 per week.

    When comparing the average wage in Macquarie Park, which is about AUD 89,000 per year, to the median total household income in the area, which is $1,886 weekly, it suggests that residents generally have a comfortable income level to support the cost of living here. This income level aligns well with the expenses associated with living in Macquarie Park, making it a feasible option for many.

    Overall, Macquarie Park offers a blend of affordability and convenience, particularly for those interested in unit living. Its proximity to major business hubs and amenities adds to its appeal without the hefty price tag seen in some other Sydney suburbs. If you are considering living in Macquarie Park, it provides a balanced lifestyle without breaking the bank.

    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 Macquarie Park a good place to invest?

    Macquarie Park presents a unique investment opportunity, especially for those interested in rental income. While the median house and unit values have remained stable over the past year, the suburb has experienced significant growth in rental prices. House rents have surged by 14.4%, and unit rents have increased by 6.7%, indicating strong demand from tenants. This trend suggests that investors could benefit from attractive rental yields, making it an appealing option for those looking to generate steady income.

    The suburb's appeal is further enhanced by its strategic location and amenities. Macquarie Park is a major business hub, home to numerous multinational companies and a thriving university, which drives demand for rental properties. The presence of Macquarie University and the nearby shopping center adds to the suburb's vibrancy, attracting students and professionals alike. This diverse tenant pool contributes to the consistent demand for rental properties, ensuring a reliable income stream for investors.

    Overall, while Macquarie Park may not currently offer significant capital growth, its strong rental market and strategic location make it a compelling choice for investors focused on rental returns. The suburb's stability in property values, combined with rising rental demand, positions it as a solid investment for those seeking long-term income potential.

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Choose the right real estate agents in Macquarie Park

There are 169 real estate agents in Macquarie Park, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 33.3% of all sales in the past year.

Commission rates in Macquarie Park typically range from 1.75% to 2.42%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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