The suburb of Harrington Park is one of the fastest growing in the Macarthur region, with the population increasing by over a third in the past five years according to the most recent Census.
It’s a well-off location where the properties are large and the population is better off than most.
So let’s take a closer look at Harrington Park and how it’s changed over the past five years.
Who lives in Harrington Park
Almost 10,670 people now call Harrington Park home, with the population swelling from 7638 in 2011. Fifty-one per cent of residents are female and 49% male, with a median age of 33. That’s no change on five years ago, but is significantly younger than the state and national norms where the median age is 38.
That median age reflects a population where 26.6% of residents are aged younger than 15, and only 7.6% of the population is aged above 65. A large proportion (10.3%) of residents are aged 40-44, indicating this is a place where people settle down to raise children.
Of those 15 and older, most (60.4%) are married, 28.4% have never been married and 10.3% are either separated, divorced or widowed.
By and large the majority of residents (92.4%) live in family households. Only 6.8% live alone and 0.7% are in share accommodation. And of those family households, 63.7% comprise couples with children who have on average 2.1 children in their home. Almost a quarter of family households are couples without children, and 10.7% are single parent homes.
How Harrington Park fares financially
Wealthier than most, Harrington Park residents enjoy a good income but also put it to good use.
The median income for this suburb is $2430 weekly, that’s $750 better off each week off than the state norm, and almost $800 above the national median. In 2011 the Harrington Park median income was still well-off but significantly lower at $2124.
Over a third (35%) of households have a gross income of $3000 or more each week, which compares to a state figure of 18.7% and a national statistic of 16.4%. This represents a rise on 2011 when 23.1% of family households enjoyed an income of over $3000 gross each week.
When it comes to living expenses, $2500 each month goes towards the household mortgage. This compares to a state median monthly mortgage expense of $1986 and a national expense of $1755.
And the figure remains the same as five years ago when Harrington Park residents also allocated $2500 each month to their home repayments.
The weekly rental price, however, has seen a steep rise. In 2011, Harrington Park residents paid a median price of $465 each week for their properties, but now pay $530, compared to a state median of $380, and a national figure of $335.
How Harrington Park residents live
At Harrington Park the homes are large and freestanding, with few semi-detached properties and even fewer units.
Over 90% of the properties have four bedrooms or more, and 7.5% are three-bedroom homes. Ninety-eight per cent of properties are separate houses, while 1.7% are semi-detached or townhouses.
And generally they are owned by their residents. Just over 63% of properties are owned with a mortgage, 23.1% are owned outright and only 12.5% of the housing stock is rental properties.
This represents a significant difference from the national norm where 34.5% of properties are owned with a mortgage, 31% are owned outright, and 30.9% are rented.
More Harrington Park residents also own their home outright than five years ago, when just 19.6% of the properties were fully paid off.
Harrington Park is a family-focussed suburb where residents tend to be couples in their late 30s or early 40s with young children under their roof. It’s a well-off suburb where many boast a good income that is devoted to paying off their larger than average home.
About United Strata
Centrally located in Mt Annan, United Strata specialises in real estate within the Macarthur region. We boast a wealth of insight into the current and future position of property in the region.