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
Property growth+2.5%Past 12 months
Marsfield's property market has shown stability over the past 12 months, with house values experiencing a modest increase of 0.7%, bringing the median house price to $2.15 million. In contrast, unit values have seen a more significant rise of 4.2%, although the median unit price remains unavailable.
Sales activity has been moderate, with 41 houses and 11 units sold in the past 12 months. Houses are selling slightly faster than units, with a median of 38 days on the market compared to 41 days for units, indicating a balanced demand across property types.
The rental market in Marsfield has seen notable changes, particularly for units, where rent prices have surged by 13.3% over the last 12 months. House rents have also increased, albeit at a slower pace of 2.9%, reflecting a strong demand for rental properties in the area.
Houses | Units | |
---|---|---|
Median price Past 3 months | $2.15M | N/A |
Change in value Past 12 months | 0.7% | 4.2% |
Sold Past 3 months | 41 | 11 |
Median days on market Past 12 months | 38 | 41 |
Average rent Past 12 months | $720 | $680 |
Change in rent Past 12 months | 2.9% | 13.3% |
5 year median price trend for houses and units
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 varied growth, with house rents experiencing a modest increase of 2.9% over the past year to $720 per week, while unit rents have surged 13.3% to $680 per week. This dynamic reflects strong demand for units, making Marsfield an attractive option for renters and investors seeking opportunities in a well-connected suburb.
Suburbs near Marsfield
Some popular suburbs near Marsfield include:
How does Marsfield compare to nearby suburbs?
- Median house prices: Marsfield’s median house price is 1.7% higher than Denistone East’s.
- House price growth: Over the past 12 months, house prices in Marsfield have grown 4.6% higher than in Denistone.
- Unit price growth: Over the past 12 months, unit prices in Marsfield have grown 3.6% higher than in Epping.
- Selling speed for houses: Properties in Marsfield are selling 36.7% faster than in Denistone East.
- Selling speed for units: Properties in Marsfield are selling 46.1% faster than in Epping.
- Investment considerations: In Marsfield, the rental yield for house is 17.5% lower than the Sydney average, while the rental yield for units is 8.7% lower.
- House price growth: Over the past 12 months, house prices in Marsfield have grown 21.4% lower than the average rate of growth across Sydney.
- Unit price growth:Over the past 12 months, unit prices in Marsfield have grown 4.3% lower than the average rate of growth for units across Sydney.