Get a property report and suburb profile for any property in Marrickville

Marrickville blends long-standing multicultural character with an independent, creative energy. It sits alongside the Cooks River and local parkland and has a village-style shopping strip on Marrickville Road where cafes, bakeries, small bars and independent shops cluster. Converted light-industrial warehouses house artist studios and microbreweries beside tree-lined streets of Victorian and Federation terraces, timber cottages and pockets of low-rise apartments, and community festivals, food culture and a grassroots arts scene keep the suburb lively for families, creatives and young professionals.

The suburb has 26,570 people, a median age of 37 and a median household income of $2,170 a week (roughly $112,800 a year). Families are prominent, with couple families (with and without children) making up 81.3% of families. Homes are slightly more often owner-occupied than rented (52.4% owner-occupied, 47.6% rented). Marrickville has rail and frequent bus links to the city and neighbouring suburbs; the rail line is being converted to Sydney Metro and the station is currently closed for upgrades. Local planning includes redevelopment of the former Marrickville Hospital site into a community hub with a public library and new residential buildings, and a Marrickville town-centre project.

On the figures, Marrickville's housing costs sit well above what a typical local household earned at the last Census. A house rent of $1,050 a week would take about 48.4% of a typical local household's weekly income of $2,170 at the last Census, while a unit rent of $700 a week would take about 32.3% of that income. Buying is even further from local incomes: the median house price of $2,100,000 is about 18.6 times a typical local year's household income at the last Census, and the median unit price of $902,500 is about 8.0 times a typical local year's household income at the last Census. Whether those figures feel expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Marrickville the clearest movement was in house rents, which rose 7.1%. House values only edged up 0.5% over the same period, so the rent a house earns increased much faster than its value. Units showed a different pattern: unit values rose 5.6% while unit rents increased a more modest 2.9%, so for units value growth outpaced rental growth.

Put simply, if rental income is your priority this year the house side of Marrickville was the stronger performer, while if capital growth matters more the unit side recorded the larger rise in value. Which of those outcomes suits you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.