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Marsfield suburb profile

Marsfield is a leafy suburb in Sydney's northern region, known for its family-friendly atmosphere and proximity to educational institutions. Situated approximately 16km from the Sydney CBD, Marsfield offers a blend of suburban tranquility and urban convenience. The suburb is home to Macquarie University, making it a popular choice for students and academics. Marsfield features a mix of residential properties, from modern apartments to spacious family homes, and is well-served by public transport, including buses and nearby train stations. Its parks, shopping centers, and community facilities contribute to a comfortable and vibrant lifestyle for residents.

Marsfield property market performance

Current median dwelling price$1,115,000Past 3 months

Property growth+7.2%Past 12 months

Marsfield’s property market has been robust over the past 12 months, with house values rising by 12.4% and units by 6.9%. The current median house price stands at $1.23 million, while units average $970,000, reflecting continued demand in the area.

Sales activity in Marsfield has seen 45 houses and 15 units sold over the last three months, with houses taking a median of 48 days and units 38 days to sell, indicating a reasonably active market.

Rentals have also experienced growth, with average house rents increasing by 5.6% and units by 2.9% over the past year, suggesting solid rental demand in the suburb.

HousesUnits
Median price
Past 3 months
$1.20M$1.03M
Change in value
Past 12 months
6.2%8.3%
Sold
Past 3 months
4311
Median days on market
Past 12 months
4239
Average rent
Past 12 months
$760$700
Change in rent
Past 12 months
5.6%2.9%

5 year median price trend for houses and units

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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, Marsfield offers a suburban lifestyle with the convenience of urban amenities. The median age of 39 suggests a mature community, with many residents likely to be established professionals and families who appreciate the balance of tranquility and accessibility.

The suburb's housing landscape is diverse, with a significant portion of properties owned outright (31.3%) or with a mortgage (29.1%), indicating a stable and settled community. However, with 39.6% of properties being rented, Marsfield also attracts students and young professionals seeking proximity to the university and business parks. The median household income of $1,943 per week reflects a relatively affluent community, likely benefiting from the area's strong educational and employment opportunities.

Family dynamics in Marsfield are prominent, with 46.3% of households being couple families with children, and 38.4% being couples without children. This highlights the suburb's appeal to both growing families and those enjoying a quieter lifestyle. The presence of one-parent families (13.3%) and other family types (1.9%) adds to the suburb's diversity, fostering a welcoming and inclusive environment. Marsfield's blend of educational facilities, green spaces, and community amenities make it a desirable location for those seeking a balanced and fulfilling lifestyle.

Marsfield infrastructure, key developments and investment opportunities

Marsfield continues to benefit from its close connection to Macquarie University and the Macquarie Park employment and retail precinct, where ongoing commercial and campus upgrades are improving local job opportunities and amenity. Recent enhancements around Macquarie Centre and nearby business parks are reinforcing demand from professionals and students seeking convenient access to work, study, and shopping, which generally supports unit and townhouse demand in the suburb.

Transport connectivity remains a key strength, with nearby metro and train services at Macquarie University and surrounding bus links along Epping Road providing efficient access to the CBD and other employment hubs, underpinning buyer interest from commuters. Local parks, playing fields and established schools in adjacent catchments continue to appeal to families, and there are currently no widely publicised major council rezonings or disruptive infrastructure projects directly within Marsfield that would significantly alter the property market in the short term.

Marsfield rental market trends

The rental market in Marsfield is showing steady growth, with house rents increasing 5.6% over the past year to $760 per week, while unit rents edged up 2.9% to $700 per week. With its strategic location and reliable demand, Marsfield continues to attract both residents and investors seeking consistent rental returns in a stable environment.

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 48.9% lower than North Ryde’s.
  • Median unit prices: Marsfield’s median unit price is 24.1% higher than Macquarie Park’s.
  • House price growth: Over the past 12 months, house prices in Marsfield have grown 8.3% higher than in Macquarie Park.
  • Unit price growth: Over the past 12 months, unit prices in Marsfield have grown 15.0% higher than in Macquarie Park.
  • Selling speed for houses: Properties in Marsfield are selling 27.6% faster than in Denistone East.
  • Selling speed for units: Properties in Marsfield are selling 39.1% faster than in Macquarie Park.
  • Investment considerations: In Marsfield, the rental yield for house is 16.6% lower than the Sydney average, while the rental yield for units is 10.5% lower.
  • House price growth: Over the past 12 months, house prices in Marsfield have grown 16.6% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Marsfield have grown 2.5% higher than the average rate of growth for units across Sydney.

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, this leafy enclave is renowned for its peaceful atmosphere and strong community spirit. Families will find Marsfield particularly appealing, thanks to its abundance of parks and green spaces, which provide ample opportunities for outdoor activities and relaxation. The suburb's proximity to educational institutions, such as Macquarie University, adds to its vibrant and dynamic vibe, attracting a diverse mix of residents, including students, academics, and professionals.

    Living in Marsfield means enjoying the convenience of excellent amenities, with a variety of shopping centers, cafes, and restaurants just a stone's throw away. The suburb is well-connected by public transport, making commuting to the Sydney CBD and other employment hubs a breeze. Safety is generally not a concern, contributing to the suburb's family-friendly reputation. However, one trade-off to consider is that while Marsfield offers a serene suburban lifestyle, it may lack the bustling nightlife and cultural attractions found in more central areas of Sydney.

    For families, Marsfield provides an ideal setting with its established schools and community facilities that cater to the needs of both young and mature residents. The suburb's housing options range from modern apartments to spacious family homes, offering something for everyone. While the presence of students and young professionals adds a lively energy to the area, it also means that rental properties are in demand, which can impact housing availability. Overall, Marsfield is a delightful suburb that offers a balanced and fulfilling lifestyle, perfect for those seeking a peaceful yet connected community.

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  • Is it expensive to live in Marsfield?

    Living in Marsfield can be quite costly, especially when compared to other suburbs in Sydney. The median house price is currently at $1,225,000, which is quite a significant investment. Units aren't much cheaper, with a median price of $970,000. If you're thinking of renting, expect to pay around $760 per week for a house and $700 for a unit. These figures suggest that housing in Marsfield is on the higher end of the scale.

    When you look at the income side of things, the median total household income in Marsfield is $1,943 per week, which is slightly above the Greater Sydney average full-time adult earnings of about $108,000 per year. This indicates that while the earnings in Marsfield are relatively competitive, the high property prices and rents might still take a substantial chunk out of your income.

    Overall, Marsfield offers a comfortable lifestyle with its proximity to Sydney's amenities, but the cost of living, particularly in terms of housing, is quite high. If you're considering making Marsfield your home, it's essential to evaluate your financial situation to ensure it can accommodate the expenses associated with living in 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, with notable growth in both house and unit values over the past year. The median house value has increased by an impressive 12.4%, while unit values have risen by 6.9%. This upward trend indicates a strong demand for properties in the area, which is a positive signal for potential investors looking for capital growth.

    In addition to property value increases, rental yields in Marsfield have also seen a boost. House rents have climbed by 5.6%, and unit rents have increased by 2.9% over the last 12 months. This suggests a healthy rental market, making it an attractive option for those seeking steady rental income. The suburb's appeal is likely bolstered by its convenient location, offering easy access to amenities and transport options, which is always a draw for renters and buyers alike.

    Overall, Marsfield presents a balanced investment opportunity with both capital growth and rental income potential. Its recent performance in the property market, combined with its desirable location, makes it a compelling choice for investors aiming for a mix of appreciation and stable returns.

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Choose the right real estate agents in Marsfield

Choosing the right real estate agent in Marsfield can have a big impact on your sale. While there are 83 real estate agents working in the suburb, but just 5 of them were responsible for 41.6% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.5% to 2.92%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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