Queens Park
At just 0.84 km2, Queens Park holds one of Sydney's highest household income concentrations, with earnings sitting in the 99th percentile nationally. The suburb carries a $3,300,000 median house price and a 67.3% university qualification rate, which is 37.2 percentage points above the national figure. Semi-detached dwellings make up 37.9% of stock, higher than the separate house share of 35.9%, a configuration typical of inner-eastern Sydney terraces. Despite that price point, the full-time employment rate of 70.6% and 3.7% unemployment confirm the workforce is active rather than retired wealth.
Population
3,143
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$3,441/wk
DAs (12 months)iDevelopment Applications lodged in the past year
60
Median House
$3.3M
2024-2025 (PSI derived)
The current median house price is $3,300,000, though price history shows significant movement: the median reached $4,100,000 in 2024 before falling to $3,000,000 in 2025, a 26.8% correction from peak. Monthly mortgage repayments average $4,333, and the mortgage-to-income ratio sits at 29.1%, which is just below the 30% stress threshold even at 99th-percentile household incomes. Stock is split across semi-detached (37.9%), separate houses (35.9%) and apartments (25.7%), so buyers wanting a full house compete for less than 36% of the market. The 4-plus and 3-bedroom segments each account for 33.6% of dwellings, meaning the suburb skews toward family-sized homes rather than compact investor stock. Outright owners at 37.8% slightly outnumber mortgage holders at 33.1%, consistent with long-held family homes.
For Buyers
The current median house price is $3,300,000, though price history shows significant movement: the median reached $4,100,000 in 2024 before falling to $3,000,000 in 2025, a 26.8% correction from peak. Monthly mortgage repayments average $4,333, and the mortgage-to-income ratio sits at 29.1%, which is just below the 30% stress threshold even at 99th-percentile household incomes. Stock is split across semi-detached (37.9%), separate houses (35.9%) and apartments (25.7%), so buyers wanting a full house compete for less than 36% of the market. The 4-plus and 3-bedroom segments each account for 33.6% of dwellings, meaning the suburb skews toward family-sized homes rather than compact investor stock. Outright owners at 37.8% slightly outnumber mortgage holders at 33.1%, consistent with long-held family homes.
For Investors
Rental demand is supported by 29.1% of residents renting, with weekly rent averaging $682. Against the $3,300,000 median, that implies a gross yield below 1.1%, low even by inner-Sydney standards. The 8.3% vacancy rate is elevated compared to the Sydney average, reflecting a smaller rental pool in a predominantly owner-occupied market. Development activity registered 56 applications in the past 12 months, mostly alterations and semi-detached modifications rather than new supply, so available stock will remain constrained. The turnover rate of 24.5% is moderate, meaning roughly one in four properties changed hands or tenancy recently, but the high entry price limits buyer depth. Investors should anchor return expectations to capital appreciation rather than yield.
Development Activity
Total DAs
268
Last 12 Months
60
YoY ChangeiYear-over-year change in DA lodgements
+39.5%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Demographics
The median age of 40 matches the national figure, so Queens Park does not skew unusually old or young. University qualifications reach 67.3%, which is 37.2 percentage points above national, one of the strongest education concentrations in NSW. Overseas-born residents are 31.9%, which is 10.3 points above the national rate, with English (1,114), Irish (456) and Scottish (288) ancestries dominating. The top non-English languages are Mandarin (23 speakers), Greek (19) and French (18), a small but internationally varied resident base. Average household size of 2.6 is slightly above the national figure by 0.1. Judaism (342 residents) is a notable second religion after Christianity (1,274), reflecting the suburb's proximity to the eastern suburbs Jewish community.
Age Distribution
Bedrooms
Dwelling Structure
35.9%
Houses
37.9%
Townhouse
25.7%
Apartment
Tenure
Tenure splits into three roughly equal groups: 37.8% own outright, 33.1% carry a mortgage and 29.1% rent. Outright owners outnumbering renters by nearly 9 points reflects the depth of established, debt-free wealth typical of this price bracket. The stock profile departs from a typical premium suburb: semi-detached dwellings lead at 37.9%, narrowly ahead of separate houses at 35.9%, with apartments at 25.7%. Three-bedroom and 4-plus bedroom dwellings each account for 33.6%, so the suburb caters to families rather than singles or couples in studios. The price history shows volatility: the median fell 26.8% from $4,100,000 in 2024 to $3,000,000 in 2025, compared to the PSI-derived current estimate of $3,300,000. Rent-to-income at 19.8% keeps tenants comfortable, below the 30% stress threshold.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$4,333
Rent / wk
$682
HH Size
2.6
Personal Income / wk
$1,515
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
8.3%
Unoccupied
104
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.8%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
29.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
21.2%
Couples, no children
2,534
Total families
Economy & Employment
Professional/Tech industries employ 21.7% of the local workforce (280 workers), followed by Finance at 16.5% (213) and Healthcare at 13.7% (177). Education (8.3%, 107 workers) and Construction (5.8%, 75 workers) round out the top five. By occupation, Professionals (715) and Managers (373) account for the two largest groups, consistent with household incomes in the 99th percentile nationally. Full-time employment runs at 70.6% of employed residents, above average, and unemployment sits at 3.7%. Participation of 61.3% leaves 755 residents outside the labour force, partly explained by the suburb's high proportion of established wealth. The concentration in Finance and Professional/Tech explains why income sits so far above state norms, as these sectors carry above-average salaries.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
70.6%
Part-time
25.7%
Participation
61.3%
Employed
1,450
Occupations
Top Industries
University
67.3%
Postgraduate
20.5%
Born Overseas
31.9%
Dwellings
1,157
Transport to Work
Active transport is unusually high for an inner suburb: 20.2% of residents walk or cycle to work, well above the national average, and public transport accounts for 13.7%. Only 61.8% drive, lower than most Sydney suburbs. SEIFA data is not available for Queens Park in this dataset, but the 99th-percentile household income and 67.3% university rate are consistent with top-decile advantage. The need-for-assistance rate of 3.3% (102 residents) is low, and volunteering at 20.3% is high relative to comparable suburbs. No schools are recorded within the 0.84 km2 boundary, so families depend on institutions in neighbouring suburbs such as Waverley and Bondi Junction. Rent-to-income at 19.8% keeps housing costs manageable for the 29.1% of residents who rent.
Drive
61.8%
Public Transport
13.7%
Walk / Cycle
20.2%
Work from Home
N/A
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Queens Park compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Queens Park a good suburb to live in?
Queens Park combines household incomes in the 99th percentile nationally with a 67.3% university qualification rate, which is 37.2 points above the national figure. Active transport uptake is strong, with 20.2% walking or cycling to work. The main trade-offs are a $3,300,000 median house price and no schools recorded within the suburb boundary.
What is the median house price in Queens Park?
The PSI-derived median house price is $3,300,000. Price history shows significant movement: the median peaked at $4,100,000 in 2024 before falling to $3,000,000 in 2025, a 26.8% correction. Monthly mortgage repayments average $4,333 and the rent-to-income ratio for tenants sits at 19.8%.
What schools are in Queens Park?
No schools are recorded within the 0.84 km2 Queens Park boundary in this dataset. Families rely on schools in nearby suburbs such as Waverley and Bondi Junction. The local adult population is highly educated, with 67.3% holding university qualifications, which is 37.2 percentage points above the national figure.
Is Queens Park safe?
Detailed crime statistics are not available for Queens Park in this dataset. As indirect indicators, the suburb records a 3.7% unemployment rate, a 3.3% need-for-assistance rate (102 residents), and household incomes in the 99th percentile nationally. These factors are generally associated with low-disadvantage, low-crime areas.
Is Queens Park good for property investment?
Weekly rent of $682 against a $3,300,000 median implies a gross yield below 1.1%, very low by Sydney standards. The 8.3% vacancy rate is above average for inner Sydney. With 29.1% of residents renting and 56 development applications in 12 months, mostly alterations, supply remains constrained. Investment returns depend heavily on capital growth rather than rental yield.
How is Queens Park's population changing?
The current population is 3,143 across just 0.84 km2, giving a density of 3,726 people per km2. At this density and with 56 development applications focused on alterations rather than new dwellings, significant population growth is structurally limited. The 24.5% turnover rate indicates moderate resident mobility rather than rapid demographic change.
What languages are spoken in Queens Park?
About 31.9% of residents were born overseas, which is 10.3 percentage points above the national rate. English is dominant, with the main non-English languages being Mandarin (23 speakers), Greek (19), French (18) and Italian (17). The ancestry mix is led by English (1,114), Irish (456) and Scottish (288).
How much development is happening in Queens Park?
There were 56 development applications lodged in the past 12 months. Most involve alterations to existing houses, semi-detached dwellings, and works such as swimming pools and retaining walls, consistent with an established, high-value suburb improving existing stock rather than adding new dwellings.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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