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 experienced robust growth over the past 12 months, with both houses and units seeing significant value increases. House values have risen by 9.0%, bringing the median house price to $2.5 million, while unit values have increased by 9.3%, with the median unit price reaching $978,000.
Sales activity has been moderate, with 19 houses and 24 units sold in the past three months. The market is relatively brisk, with houses spending a median of 37 days on the market and units slightly quicker at 36 days, indicating strong buyer interest in both segments.
The rental market in Marsfield has shown varied trends over the last 12 months. While the average rent for houses has remained stable, unit rents have surged by 9.4%, suggesting a growing demand for rental units in the area.
Median price - houses$2.50MPast 3 months
Median price - units$978KPast 3 months
Change in value - houses9.0%12 months
Change in value - units9.3%12 months
Houses sold19Past 3 months
Units sold24Past 3 months
Median DOM - houses37Past 12 months
Median DOM - units36Past 12 months
Average rent - houses$720Past 12 months
Average rent - units$700Past 12 months
Change in rent - houses-20.0%Past 12 months
Change in rent - units9.4%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 $720 per week over the past year. In contrast, unit rents have experienced a notable increase of 9.4%, reaching $700 per week. This growth in unit rents highlights a rising demand for more affordable living options in this well-connected suburb, making it an attractive choice for renters and investors alike.
Suburbs near Marsfield
Some popular suburbs near Marsfield include: