A Growing
Community
Who Lives in St Marys
St Marys has seen exponential growth with a large multicultural community. St Marys has a large potential tenant pool underpinned by population growth, access to employment nodes and public transport.
OF RESIDENTS
NO CHILDREN
St Marys Area Population Growth
St Marys is a rapidly evolving suburb having grown by 18% over the last decade which is projected to continue at 4.3% per annum from 2021 to 2036.
Source: TfNSW 2020; Prepared by Urbis
The population of St Marys is projected to double over the next 15 years, driven by increased density in the town centre as well as connectivity with the new airport.
Household Growth
St Marys is becoming more affluent with 22% of households having a total income above $104,000 and a growing proportion of white-collar workers (53% as at 2016).
INCOME
ABOVE $104,000
INCOME
ABOVE $104,000
St Marys Rental Demand
The apartment market in Greater Western Sydney is increasing daily due to affordability, but also as it allows more preference of location, convenience, and hassle-free living. According to the most recent census data, over the last 25 years the number of occupied apartments has increased by 75%. This trend is more prevalent in areas such as St Marys, which offer easy access to amenities, services, transport and employment opportunities, ultimately servicing a wide range of demographics. As an investor, this leads to increased rental demand, tenant pool, generous rental prices and higher than average growth.
St Marys Units
Approximately 55% of households in the area are renters, which is significantly higher than Greater Sydney (36%). The area boasts solid rental demand drivers, including proximity to jobs, hospitals, transport, education and amenities.
Rental Growth for 2 Bedroom Units
St Marys recorded a median weekly rent of $325 for two-bedroom in the June Quarter 2021. Since 2011, median weekly rents for two-bedroom units in the St Marys have grown at 2.0% per annum, almost double the Greater Sydney average of 1.1%.
Source: Pricefinder; Prepared by Urbis
Residential Vacancy Rates Sep 2016 to Sep 2021
The residential vacancy rate in St Marys has remained below Greater Sydney over the last three years. From 2016 to 2019, the vacancy rate in St Marys was between 2.5% and 4% before dropping to 0.8% in September 2021. St Marys has benefited from the Covid-19 pandemic with a preferential shift from inner city areas toward suburban locations with an attractive outdoor lifestyle.
Source: SQM research
Employment Opportunities
St Marys will benefit from several major infrastructure projects across transport, health, retail, and civic facilities, all due to be completed within the next few years. Totalling in excess of $20 billion – including the highly anticipated Western Sydney International Airport ($5.25+ billion) – these projects have already created thousands of jobs since 2020 and are set to generate a further 200,000 by 2026.
North St Marys is one of the largest industrial precincts in Western Sydney and is a major driver of the local economy. St Marys is easily accessible by road and rail to major commercial centres including Penrith, Parramatta and Blacktown CBDs.
Local Jobs in the Penrith City LGA
North St Marys is one of the largest industrial precincts in Western Sydney and is a major driver of the local economy. St Marys is easily accessible by road and rail to major commercial centres including Penrith, Parramatta and Blacktown CBDs.
Source profile: id.com.au
A count of jobs is one of the most fundamental indictor of size of the local economy’s and increasing numbers of jobs generally represents a growing economy.
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