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Macquarie Park
AREA REPORTS

Macquarie Park

Macquarie Park - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2113

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Figures from the previous quarter show that capital gains for real estate buyers in MACQUARIE PARK are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $470 mark, reflecting a 2.94% increase in returns based on the current median price in MACQUARIE PARK.

MACQUARIE PARK, 2113 ranks th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

MACQUARIE PARK ranks 505th on the list of best yielding suburbs for rental properties in NSW, posting a 2.94% return.

Surburb overview

Macquarie Park is witnessing an unprecedented expansion, supported by its government’s vision to make it the fourth-largest central business district in the country and an influx of foreign money. Awash with investments from Chinese property developers with a big appetite for commercial and mixed-use properties, Macquarie Park has sold out several units in its upcoming developments, while its old reserves and apartment buildings are swept off the market for redevelopments.

Though largely composed of people from younger generations, Macquarie Park’s demographics will become even more diversified as it attracts retirees and families who wish to live near Sydney’s CBD. Some mature buyers have purchased units in Macquarie Park to rent them out prior to their retirement. Meanwhile, families are drawn to Macquarie Park’s focus on balancing out its cityscape with relaxing walking and cycling paths, and communal areas.

Commercial and residential real estate profile

Macquarie Park has a large shopping centre, various choices of accommodations, entertainment hubs, indoor and outdoor sports facilities, parks, and food and beverage outlets. Its hospital is located inside Macquarie University.

Majority of the existing real estate in Macquarie Park is made up of apartment blocks where students of Macquarie University, professionals working in the CBD and locals take up residence. New apartment and condominium complexes have been constructed in recent years, which remedied the lack of housing in the area. The instalment of a new railway station in 2009 paved the way for such developments.

Data report can be found below

Macquarie Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $830,000
GROWTH REPORT
Median Quarterly N/A -3.35%
Median 12 month N/A 0%
Median 3 years N/A 2.47%
Median 5 years N/A 28.68%
10 years average annual N/A 6.69%
Weekly media advert. rent N/A $470
Time on Market N/A 72.5 days
Gross Rental Yield Percent N/A 2.94%
demographics (median values)
Total Population
5597
Weekly Household Income
989.7
Household Size
1.90
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