Macquarie Park is located approximately 16km from Sydney’s CBD. Much has been said about the renewed vigour surrounding this suburb due to recent addition of 3 new train stations and new commercial property projects. It is also home to many new organisations taking up residence in commercial complexes. However, I remain a little skeptical for the following a few key reasons.
- There are no current or foreseeable new residential developments in this suburb. There are no houses and majority of accomodation in this area consists of apartments blocks which are dated and old. Most 2 bedroom apartments in this suburb come with a single bathroom.
- Due to its close proximity to Macquarie University, investment units in this suburb consist mainly student accommodation with a small potential for the executive market due to new IT & T companies such as Optus relocating to this area.
- The new Macquarie Park train station is situated on the corner of Lane Cove and Waterloo roads. This location albeit close to some commercial complexes is a fair walk for residents along the Fontenoy and Khartoum roads area and the majority of residents on the western side of Epping road.
- The new Macquarie University train station will benefit apartment blocks along the south side of Herring road, Lachlan Avenue and Ivanhoe Place. However, these apartments are old and dated. Recently, there has been a spate of newly renovated apartments in this area where owners are trying to cash in with small upgrades to get out of this suburb.
- The new North Ryde train station on Delhi road is also in the middle of a commercial hub with little residential housing.