Macquarie Park

Macquarie Park lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

The population of Macquarie Park is estimated at around 17,479 as of May 2026. This reflects an increase of 6,408 people since the 2021 Census, which reported a population of 11,071 people. The change was inferred from the resident population of 17,465 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 2,073 validated new addresses since the Census date. This level of population equates to a density ratio of 2,585 persons per square kilometer, placing Macquarie Park in the upper quartile relative to national locations assessed by AreaSearch. The suburb's growth of 57.9% since the 2021 census exceeded both the state (7.1%) and Greater Sydney, marking it as a growth leader in the region. Overseas migration contributed approximately 92.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Based on aggregated SA2-level projections, Macquarie Park is predicted to grow by 14,027 persons to 2041, reflecting an increase of 80.2% in total over the 16 years.

The level of residential development activity in Macquarie Park was found to be higher than 90% of real estate markets across the country

Based on AreaSearch analysis using ABS building approval numbers from statistical area data, Macquarie Park averaged approximately 657 new dwelling approvals annually. Between financial years FY21 and FY25, around 3,287 homes were approved, with an additional 487 approved in FY26 to date. Over the past five financial years, an average of 1.4 people moved to the area for each dwelling built.

This suggests a balanced supply and demand, creating stable market conditions. The average construction cost value of new homes was $597,000, indicating developers targeted the premium market segment with higher-end properties. In FY26, commercial approvals totaled $623.9 million, reflecting robust local business investment. Compared to Greater Sydney, Macquarie Park recorded 414.0% more development activity per person as of recent periods, offering buyers greater choice despite a moderation in overall development activity. This high level of activity is significantly above the national average, indicating strong developer interest in the area. New development consisted of 2.0% detached dwellings and 98.0% townhouses or apartments, reflecting a trend towards denser development that caters to downsizers, investors, and entry-level buyers.

The location had approximately 36 people per dwelling approval, indicating an expanding market. According to the latest AreaSearch quarterly estimate, Macquarie Park is projected to grow by 14,013 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Macquarie Park has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

The influence of local infrastructure changes on an area's performance is significant. AreaSearch has identified 51 projects likely to impact the area. Notable projects include Macquarie Centre Redevelopment, MCentral at Macquarie Park, Herring Road improvements in Macquarie Park, and the Macquarie Park Bus Depot project. The following list details those most relevant.

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AreaSearch assessment positions Macquarie Park ahead of most Australian regions for employment performance

Macquarie Park has an educated workforce with notable representation in the technology sector. The unemployment rate was 4.2% as of December 2025. Employment growth over the past year was estimated at 10.8%.

Residents' participation in the workforce is high at 80.4%, compared to Greater Sydney's 68.8%. A significant portion, 57.6%, work from home according to Census responses. Key industries include professional & technical services, health care & social assistance, and retail trade. The area specializes in professional & technical services with an employment share of 1.6 times the regional level.

Conversely, construction has a limited presence at 3.8% compared to the regional average of 8.6%. There are 3.4 workers for every resident, indicating it serves as an employment hub attracting workers from nearby areas. Between December 2024 and December 2025, employment levels increased by 10.8%, labour force grew by 10.6%, leading to a decrease in unemployment rate of 0.2 percentage points. In comparison, Greater Sydney recorded employment growth of 2.2% with marginal unemployment increase during the same period. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Macquarie Park's employment mix suggests local employment should grow by 7.2% over five years and 14.5% over ten years.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

AreaSearch aggregated latest postcode level ATO data released for financial year ending June 2023. Macquarie Park's median taxpayer income was $57,671, with an average of $81,465, among the highest in Australia. This compares to Greater Sydney's median of $60,817 and average of $83,003. Based on a 10.32% Wage Price Index growth since June 2023, current estimates for Macquarie Park are approximately $63,623 (median) and $89,872 (average) as of March 2026. Census data shows personal income at the 75th percentile ($970 weekly), with household income at the 58th percentile. Income distribution reveals that 37.2% of residents earn between $1,500 and $2,999 (6,502 people), similar to regional levels at 30.9%. Housing affordability pressures are severe, with only 77.2% of income remaining, ranking at the 49th percentile. The area's SEIFA income ranking places it in the 7th decile.

Macquarie Park features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Macquarie Park's dwelling structure, as per the latest Census, consisted entirely of non-household dwellings (100.1%), contrasting with Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Macquarie Park stood at 10.5%, with mortgaged dwellings at 21.7% and rented ones at 67.8%. The median monthly mortgage repayment was $2,340, lower than Sydney metro's $2,427. Median weekly rent in Macquarie Park was $460, compared to Sydney metro's $470. Nationally, Macquarie Park's mortgage repayments were higher at $2,340 versus the Australian average of $1,863, while rents were substantially above the national figure of $375.

Macquarie Park features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households account for 56.9% of all households, including 17.4% couples with children, 30.6% couples without children, and 6.2% single parent families. Non-family households consist of the remaining 43.1%, with lone person households at 35.4% and group households comprising 7.7% of the total. The median household size is 2.0 people, which is smaller than the Greater Sydney average of 2.7.

Educational attainment in Macquarie Park aligns closely with national averages, showing typical qualification patterns and performance metrics

Macquarie Park's residents aged 15 and above have a notably higher educational attainment compared to national and state averages. Specifically, 64.6% of its residents hold university qualifications, surpassing Australia's 30.4% and New South Wales' 32.2%. This high level of educational achievement is predominantly composed of bachelor degrees (37.6%), followed by postgraduate qualifications (24.6%) and graduate diplomas (2.4%). Technical qualifications make up 14.6%, with advanced diplomas at 8.1% and certificates at 6.5%.

Educational participation in the area is also notably high, with 35.0% of residents currently enrolled in formal education. This includes 20.9% in tertiary education, 4.7% in primary education, and 2.3% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Macquarie Park has 91 active public transport stops serving a mix of light rail and bus services. These are covered by 43 individual routes, collectively providing 16,024 weekly passenger trips. Transport accessibility is excellent, with residents typically located 123 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode at 47%, followed by train at 23% and walking at 14%. Vehicle ownership averages 0.3 per dwelling, below the regional average.

According to the 2021 Census, 57.6% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 2,289 trips per day across all routes, equating to approximately 176 weekly trips per stop.

Macquarie Park's residents are extremely healthy with prevalence of common health conditions low among the general population and nearer the nation's average across older, at risk cohorts

AreaSearch's assessment indicates strong health performance across Macquarie Park.

Mortality rates and chronic condition prevalence were found to be low among the general population, nearing national averages for older, at-risk cohorts. Private health cover is exceptionally high, with approximately 59% of the total population (10,328 people). The most prevalent medical conditions are mental health issues affecting 5.5% and asthma impacting 4.7%. Notably, 82.9% of residents declared themselves completely clear of medical ailments, compared to 74.6% across Greater Sydney. As of the assessment date, 7.6% of residents were aged 65 and over (1,328 people), lower than the 15.5% in Greater Sydney. Health outcomes among seniors are above average but rank lower nationally than those of the broader population.

Macquarie Park is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Macquarie Park has a population where 64.9% speak languages other than English at home, with 68.9% born overseas. Christianity is the predominant religion, accounting for 29.6%. Hinduism is significantly higher at 10.7%, compared to Greater Sydney's average of 5.2%.

The top three ancestral groups are Chinese (26.4%), Other (19.6%), and English (10.8%). Notably, Korean (4.4%) and Russian (0.8%) are overrepresented in Macquarie Park compared to regional averages of 1.1% and 0.4%, respectively. Indian ancestry is also significantly higher at 8.9%.

Macquarie Park hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Macquarie Park has a median age of 30 years, which is younger than the Greater Sydney average of 37 and significantly below the Australian median of 38. Compared to Greater Sydney, Macquarie Park has a higher percentage of residents aged 25-34 (31.3%) but fewer residents aged 5-14 (5.0%). This 25-34 concentration is notably above the national average of 14.6%. According to post-2021 Census data, the 15-24 age group has increased from 17.8% to 24.1%, while the 25-34 cohort has decreased from 32.8% to 31.3% and the 0-4 group has dropped from 5.7% to 4.3%. Demographic projections indicate that Macquarie Park's age profile will change significantly by 2041, with the 25-34 age cohort expected to grow considerably, increasing by 4,322 people (79%) from 5,470 to 9,793.