Get a property report and suburb profile for any property in Marsfield

Marsfield is a leafy, primarily residential suburb along the Lane Cove River corridor with pockets of bushland and parkland. Street-level life is mostly quiet and family-oriented, with older single-storey homes and gardens alongside clusters of townhouses and apartments nearer the university precinct. Proximity to Macquarie University and the Macquarie Centre, plus the Macquarie Park and Macquarie University metro stations, means major retail, employment and public transport links are close at hand.

The suburb has 12,492 residents, a median age of 39 and a median household income of $1,943 a week (about $101,036 a year). Families make up a large share of households and around three in five homes are owner-occupied while renters account for roughly 39.6%. Council and state projects are active or planned across Marsfield, from park upgrades and a proposed reservoir to university campus works and wider hospital and school projects, and the TG Millner Fields site remains the subject of planning debate. That combination tends to suit families, university staff and students, and professionals who value green space with shops and services within reach.

Buying in Marsfield sits well above what local households earned at the last Census. A median house price of $1,170,000 is about 11.6 times a typical local annual household income at the last Census (weekly household income $1,943 × 52 = $101,036).

Renting would take a sizeable share of that Census household income: a house at $770 a week is about 39.6% of a typical local household's weekly income at the last Census, and a unit at $700 a week is about 36.0%. On these figures, buying looks the more stretched option while renting would still use a sizeable portion of a typical local household's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Marsfield has shown a sharp split between houses and units. Median house values fell 21.6% while house rents rose 6.9%; by contrast, median unit values rose 7.1% and unit rents increased 1.4%.

That means houses experienced a large decline in capital value even as their rental income climbed solidly, whereas units saw solid capital growth alongside only a slight lift in rents. Which of those patterns matters more will depend on whether you prioritise capital growth or rental income and on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.