Marsden Park suburb profile
Marsden Park is a rapidly developing suburb in Sydney's north-west, known for its family-friendly environment and modern amenities. Situated approximately 49km from the Sydney CBD, it offers a blend of residential, commercial, and industrial areas. The suburb is home to a variety of new housing estates, providing contemporary living options for families and professionals. Marsden Park is well-served by major transport links, including the M7 motorway, and features extensive retail facilities such as the Sydney Business Park. With its growing infrastructure, schools, and recreational spaces, Marsden Park is an attractive destination for those seeking a balanced suburban lifestyle.
Marsden Park property market performance
Marsden Park's property market has shown modest growth over the past 12 months. House values have increased by 3.6%, with the median house price reaching approximately $1.17 million. Unit values have remained relatively stable, with a slight increase of 0.2%, bringing the median unit price to around $860,000.
Sales activity has been robust, with 100 houses and 24 units sold over the last 12 months. Houses are selling faster, with a median of 48 days on the market, compared to 70 days for units, indicating stronger demand for houses.
The rental market in Marsden Park has seen some movement, with house rents increasing by 4.0% and unit rents rising by 7.7% over the past year. The average rent for houses is $780, while units average $700, reflecting a healthy rental demand in the area.
Median price - houses$1.22MPast 3 months
Median price - units$870KPast 3 months
Change in value - houses3.0%12 months
Change in value - units0.6%12 months
Houses sold91Past 3 months
Units sold21Past 3 months
Median DOM - houses47Past 12 months
Median DOM - units73Past 12 months
Average rent - houses$783Past 12 months
Average rent - units$710Past 12 months
Change in rent - houses4.3%Past 12 months
Change in rent - units4.4%Past 12 months
Marsden Park demographics
Marsden Park, located in Sydney's north-west, is a rapidly growing suburb known for its family-friendly environment and modern amenities. With a median age of 32, the suburb attracts young families and professionals seeking a balanced lifestyle with access to both urban conveniences and natural surroundings. The high median household income of $2722 per week reflects the suburb's appeal to upwardly mobile residents who value quality living standards.
The suburb is predominantly composed of couple families with children, making up 68.9% of the population, which underscores its reputation as a family-oriented community. This is complemented by a significant proportion of couple families without children, accounting for 22.2%, and a smaller percentage of one-parent families at 7.9%. The community's family-centric nature is supported by local schools, parks, and recreational facilities that cater to the needs of its residents.
In terms of property ownership, Marsden Park is characterized by a high rate of home ownership with a mortgage, at 68.0%, indicating a strong presence of new homeowners and young families investing in the area. Only 10.6% of properties are owned outright, while 21.4% are rented, suggesting a stable housing market with opportunities for both buyers and renters. The suburb's ongoing development and infrastructure improvements continue to enhance its attractiveness as a desirable place to live.
Marsden Park infrastructure, key developments and investment opportunities
Marsden Park is experiencing significant growth and development, with several projects poised to impact the local property market. The Sydney Business Park, a major commercial precinct adjacent to the Westlink M7 Motorway, continues to expand, bringing new businesses and employment opportunities to the area. This development is likely to increase demand for nearby residential properties and potentially drive up property values.
The suburb has seen the recent establishment of new schools, including St Luke's Catholic College in 2017 and Northbourne Public School in 2021, enhancing its appeal to families. The upcoming Marsden Park Anglican College, set to open in 2024, will further strengthen the area's educational offerings. These educational developments, combined with ongoing residential growth and improved amenities such as shopping centers and parks, are positioning Marsden Park as an increasingly desirable suburb for homebuyers and investors.
Marsden Park rental market trends
The rental market in Marsden Park has experienced moderate growth, with house rents increasing by 4.0% over the past year to $780 per week, while unit rents have seen a more significant rise of 7.7% to $700 per week. This suburb continues to attract interest due to its developing infrastructure and family-friendly environment, making it a desirable location for renters and investors alike.
Suburbs near Marsden Park
Some popular suburbs near Marsden Park include: