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Marsfield suburb profile

Marsfield is a leafy suburb in Sydney's northern region, known for its tranquil residential atmosphere and proximity to major educational institutions. Situated approximately 16km from the Sydney CBD, it offers a suburban retreat with easy access to the city. Marsfield is home to Macquarie University, making it a popular choice for students and academics. The suburb features a mix of modern apartments and family homes, complemented by parks and recreational facilities. With convenient transport links, including the nearby Macquarie Centre and train station, Marsfield provides a balanced lifestyle for families, professionals, and students alike.

Marsfield property market performance

Marsfield's property market has shown positive growth over the past 12 months, with house values increasing by 6.3% and unit values rising by 12.2%. The median house price over the past three months has averaged $2.41 million, while units have averaged $1.02 million, indicating strong demand in the area.

Sales activity has been robust, with 20 houses and 41 units sold in the past three months. Houses are selling slightly faster than units, with a median time on market of 30 days compared to 34 days for units, suggesting a healthy pace in both segments.

The rental market in Marsfield has seen varied changes over the last 12 months. While the average rent for houses has remained stable, unit rents have increased by 9.5%, reflecting a growing demand for rental units in the suburb.

Median price - houses$2.43MPast 3 months

Median price - units$995KPast 3 months

Change in value - houses7.8%12 months

Change in value - units10.2%12 months

Houses sold27Past 3 months

Units sold43Past 3 months

Median DOM - houses46Past 12 months

Median DOM - units36.5Past 12 months

Average rent - houses$700Past 12 months

Average rent - units$690Past 12 months

Change in rent - houses-22.2%Past 12 months

Change in rent - units9.5%Past 12 months

Marsfield demographics

Marsfield, located in Sydney's northern suburbs, is a family-friendly area known for its leafy streets and proximity to educational institutions like Macquarie University. With a population of 12,492 and a median age of 39, Marsfield attracts a mix of families, professionals, and students. The suburb offers a balanced lifestyle with its blend of residential tranquility and access to urban amenities.

The suburb's housing market reflects a stable community, with 31.3% of properties owned outright and 29.1% owned with a mortgage. This indicates a strong presence of long-term residents and new homeowners. Rental properties make up 39.6% of the housing, appealing to students and professionals seeking proximity to the university and business parks. The median household income of $1,943 per week suggests a comfortable standard of living for its residents.

Family dynamics in Marsfield are diverse, with 46.3% of households being couple families with children, and 38.4% being couples without children. One-parent families account for 13.3% of the community, while other family types make up a small 1.9%. This variety in family structures contributes to a vibrant community atmosphere, supported by local parks, shopping centers, and recreational facilities. Marsfield's appeal lies in its balance of suburban peace and urban convenience, making it a desirable location for families and individuals alike.

Marsfield infrastructure, key developments and investment opportunities

Marsfield is experiencing several developments that could impact its property market. The ongoing expansion of Macquarie University, including the recent completion of the Macquarie University Hospital, continues to attract students and professionals to the area. The nearby Macquarie Park business district is also growing, potentially increasing demand for housing in Marsfield. Additionally, the suburb benefits from improved public transport connectivity with the Macquarie University metro station, enhancing its appeal to commuters.

Recent upgrades to local amenities, such as the refurbishment of Marsfield Park and the development of new cycling paths, are enhancing the suburb's livability. The City of Ryde's ongoing focus on creating more green spaces and improving community facilities in the area may further boost property values. While no major infrastructure projects are currently underway specifically in Marsfield, the suburb's proximity to expanding educational and business hubs positions it well for potential future growth in the property market.

Marsfield rental market trends

The rental market in Marsfield has shown stability for houses, with rents remaining unchanged at $750 per week over the past year. In contrast, unit rents have experienced a notable increase of 9.5%, reaching $690 per week. This growth in unit rents reflects a strong demand for more affordable living options in this well-connected suburb.

Suburbs near Marsfield

Some popular suburbs near Marsfield include:

Common questions about Marsfield

  • Is Marsfield a nice place to live?

    Marsfield is a charming suburb that offers a delightful blend of suburban tranquility and urban convenience, making it a wonderful place to call home. Nestled in Sydney's northern region, Marsfield is known for its peaceful, leafy streets and a strong sense of community. The suburb's serene atmosphere is complemented by its proximity to major educational institutions, making it an attractive choice for families, professionals, and students alike. With an abundance of parks and recreational facilities, Marsfield provides ample opportunities for outdoor activities and relaxation.

    Families will find Marsfield particularly appealing due to its family-friendly environment and access to quality schools. The suburb's residential areas are characterized by a mix of modern apartments and spacious family homes, offering a variety of housing options to suit different needs. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and welcoming place to live. Additionally, Marsfield's convenient transport links, including the nearby Macquarie Centre and train station, ensure easy access to the Sydney CBD and surrounding areas.

    While Marsfield offers a peaceful lifestyle, it does come with a few trade-offs. The suburb may not have the bustling nightlife or trendy cafes found in inner-city areas, but it compensates with a strong community feel and a quieter pace of life. The ongoing developments in the nearby Macquarie Park business district and the expansion of Macquarie University may lead to increased demand for housing, potentially impacting property prices. However, these developments also enhance the suburb's appeal by providing more amenities and opportunities for residents.

    Overall, Marsfield is a delightful suburb that offers a balanced lifestyle with its blend of residential tranquility and access to urban amenities. Whether you're a family seeking a safe and nurturing environment, a professional looking for convenience, or a student wanting proximity to educational institutions, Marsfield is a fantastic place to live.

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  • Is it expensive to live in Marsfield?

    Living in Marsfield can be quite costly, especially when it comes to housing. The median house price is a steep $2,414,900, while units are priced at $1,015,000. These figures are significantly higher than many other suburbs, reflecting Marsfield's attractive location and amenities. For those considering renting, the average rent for houses is $750 per week, and units aren't far behind at $690 per week. These rental prices are on the higher side, indicating a substantial financial commitment for tenants.

    When we look at income, the average wage in Marsfield is about $91,000 annually, which is slightly above the national average of $90,000. Despite this, the high property prices and rental costs mean that a significant portion of one's income would go towards housing expenses. This makes Marsfield a more expensive suburb to live in, especially for those earning around the average wage.

    Overall, while Marsfield offers a pleasant living environment with its proximity to amenities and transport, the cost of living, particularly in terms of housing, is relatively high. If you are thinking of living in Marsfield, it's important to consider your financial situation and whether it aligns with the expenses associated with this desirable 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 Marsfield a good place to invest?

    Marsfield is showing promising signs as a solid investment suburb, particularly for those interested in units. Over the past 12 months, the median unit value has increased by an impressive 12.2%, indicating strong demand and potential for capital growth. This is complemented by a 9.5% rise in rent for units, suggesting that rental demand is also on the upswing, making it an attractive option for investors seeking rental income.

    While the median house value has seen a respectable increase of 6.3%, the rental market for houses has remained stable with no change in rent over the past year. This stability might appeal to investors looking for a less volatile market segment. Marsfield's appeal is further enhanced by its proximity to major educational institutions and business hubs, which continue to attract a steady flow of renters and buyers.

    Overall, Marsfield presents a balanced investment opportunity, with units offering particularly strong growth potential. The combination of rising unit values and rental demand makes it an appealing choice for investors looking to capitalize on both capital appreciation and rental returns. As the suburb continues to develop and attract diverse demographics, it stands out as a promising area for long-term investment.

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