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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:

Common questions about Marsden Park

  • Is Marsden Park a nice place to live?

    Marsden Park is a delightful suburb that offers a harmonious blend of modern living and a family-friendly atmosphere. Nestled in Sydney's north-west, it is a vibrant community that is rapidly evolving, making it an appealing choice for families and professionals alike. The suburb is characterized by its contemporary housing estates, which provide stylish and comfortable living options. With its strategic location, Marsden Park offers convenient access to major transport links, ensuring that residents can easily reach the Sydney CBD and other key areas.

    The suburb exudes a welcoming vibe, with a strong sense of community that is perfect for families looking to settle in a nurturing environment. Marsden Park boasts a variety of amenities, including shopping centers, cafes, and recreational spaces, which cater to the diverse needs of its residents. The presence of new schools and educational facilities further enhances its appeal to families, ensuring that children have access to quality education close to home.

    While Marsden Park offers a fantastic suburban lifestyle, there are some trade-offs to consider. The ongoing development and growth may lead to increased traffic and congestion in the future, and the distance from the Sydney CBD might be a consideration for those who prefer a shorter commute. However, the suburb's expanding infrastructure and amenities continue to make it an attractive place to live.

    For families, Marsden Park provides a safe and nurturing environment with plenty of green spaces and parks for outdoor activities. The suburb's growth and development promise a bright future, making it an ideal choice for those seeking a balanced lifestyle with access to both urban conveniences and natural surroundings. Overall, Marsden Park is a charming suburb that offers a high quality of life for its residents.

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  • Is it expensive to live in Marsden Park?

    Marsden Park is a suburb that has seen significant growth and development, making it a desirable place to live. However, this desirability comes with a price. The current median house price in Marsden Park is $1,167,000, while the median unit price stands at $860,345. These figures suggest that purchasing property in Marsden Park is quite an investment, especially when compared to other areas in New South Wales.

    For those considering renting, the average rent for houses is $780 per week, and for units, it's $700 per week. These rental prices are relatively high, indicating that living in Marsden Park can be costly, particularly for renters. When we look at the average wage in Marsden Park, which is approximately $141,000 per year, it is higher than the average wage in New South Wales. Despite this higher income, the cost of housing and rent in Marsden Park means that a significant portion of one's earnings would need to be allocated towards living expenses.

    Overall, if you're thinking of living in Marsden Park, it's important to consider the financial commitment required. While the suburb offers modern amenities and a growing community, the cost of living, especially in terms of housing, is on the higher side. It's essential to evaluate your financial situation to ensure it aligns with the expenses associated with living in this vibrant 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 Marsden Park a good place to invest?

    Marsden Park is an intriguing suburb for investment, especially for those looking at a balanced mix of growth and rental yield. Over the past year, the median house value in Marsden Park has increased by 3.6%, indicating a steady appreciation in property values. While the growth in unit values has been modest at 0.2%, the rental market tells a different story. Rent for houses has risen by 4.0%, and units have seen an impressive 7.7% increase in rent, suggesting strong demand from tenants.

    The suburb's appeal lies in its evolving infrastructure and community amenities, which are attracting both families and young professionals. Marsden Park's ongoing development projects and its proximity to major transport links make it a convenient location for commuters. This accessibility, combined with the suburb's modern housing options, enhances its attractiveness to renters, thereby supporting rental yields.

    While Marsden Park may not be the fastest-growing suburb in terms of capital gains, its consistent property value appreciation and robust rental market make it a promising choice for investors. The suburb offers a balanced investment opportunity with potential for both capital growth and reliable rental income, making it a worthwhile consideration for those looking to invest in the real estate market.

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