Macquarie Park Property Market Update 1st Half 2025
Macquarie Park is nestled in the heart of Sydney’s northern suburbs. It is home to many businesses and education facilities whilst still obtaining a leisurely atmosphere. The suburb is renowned for Macquarie University which attracts students and academics world-wide. Macquarie Park blends modern facilities and a leisurely environment.
Property Trends
In Q4 2024, Macquarie Park recorded a median house price of $2,600,000 and a median unit price of $836,500. This is an annual (Q4 2023 - Q4 2024) price growth of 4.0% for houses and softening of -5.0% for units. Comparing Q4 2023 and Q4 2024 house sales increased by 6.9% (to 140 sales in Q4 2024), however unit sales decreased by -17.9% (to 238 sales in Q4 2024). There is a highly demanded housing market, which created a buffer against higher interest rates (hence price growth). Comparatively the unit market is have become more affordable, thus an opportunity for first home buyers.
Project Development
Macquarie Park will see approx. $5.1B of new projects commencing in 2025. 269 Lance Cove Road NextDC S5 Data Centre & Innovation Hub ($1.5B) is a key mixed-use project commencing in 2025. This project will help to establish the region as a hub of advanced learning into the future. There is sufficient unit/apartment stock (4,187) coming onto the market throughout 2025 which will help with supply. With no new dwellings planned, this will cause an undersupply in the housing market and push prices up even further.
Rental Market & Growth
House rental yields in Macquarie Park was 3.9% as of December 2024, above the Ryde LGA (2.5%) and Sydney Metro (2.7%). Further, median house rental price increased by 1.1% in the past 12 months to Q4 2024, at $880 per week. At the same time the number of houses rented declined, by -4.2% (to 159 houses) in Q4 2024. There is an undersupplied and competitive house rental market in Macquarie Park, which is beneficial to investors.
Vacancy Rates & Property Investment
Macquarie Park recorded a vacancy rate of 2.2% in December 2024, slightly above the Ryde LGA average of 1.9% and Sydney Metro’s 2.1%. Vacancy rates have fluctuated in the past 12 months, but overall have showed a significant declining pattern, from 3.4% in December 2023. This indicates a tighter rental market and brings back Macquarie Park’s vacancy rate (2.2%) to under the Real Estate Institution of Australia’s healthy benchmark of 3.0%. This suggests quicker occupancy of rental properties in Macquarie Park, which creates a conducive environment for investment.
