Neutral Bay - Kirribilli
Statistical Area - sa2

Neutral Bay - Kirribilli is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

Neutral Bay-Kirribilli's population is approximately 18,209 as of August 2025. This represents an increase of 1,026 people since the 2021 Census, which recorded a population of 17,183. The change is inferred from ABS estimates: 18,158 in June 2024 and additional validated new addresses since then. The population density is around 8,239 persons per square kilometer, placing Neutral Bay-Kirribilli in the top 10% of locations nationally. Its growth rate of 6.0% since the 2021 Census exceeds the SA4 region's 5.4%, indicating it as a growth leader. Overseas migration contributed approximately 87.9% of recent population gains.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, NSW State Government's SA2 level projections from 2022 (base year: 2021) are used. Growth rates by age group are applied to all areas for years 2032 to 2041. Future population trends suggest lower quartile growth nationally; Neutral Bay-Kirribilli is expected to expand by 389 persons to 2041, reflecting a total increase of 1.9% over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Neutral Bay - Kirribilli, placing the area among the bottom 25% of areas assessed nationally

Neutral Bay - Kirribilli averaged approximately 27 new dwelling approvals annually between FY-21 and FY-25. A total of 135 homes were approved during these five financial years, with an additional 13 approved so far in FY-26. The population has declined recently, suggesting that new supply is meeting demand, offering good choice to buyers.

The average expected construction cost value for new homes is $875,000, indicating a focus on the premium market by developers. In FY-26, commercial development approvals totalled $70.9 million, reflecting robust local business investment. Compared to Greater Sydney, Neutral Bay - Kirribilli shows around 75% of the construction activity per person and ranks in the 28th percentile nationally, resulting in relatively constrained buyer choice and supporting interest in existing homes. Recent construction comprises 8.0% detached houses and 92.0% townhouses or apartments, creating more affordable entry points for downsizers, investors, and first-home buyers. The area has approximately 1308 people per dwelling approval, indicating an established market.

By 2041, Neutral Bay - Kirribilli is expected to grow by 338 residents. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Neutral Bay - Kirribilli has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 49 projects that could impact this region. Notable projects include Pienza Neutral Bay, Neutral Bay Town Centre Plaza, Enso Neutral Bay, and Wirra Neutral Bay. The following list details those expected to have the most relevance.

Professional plan users can use the search below to filter and access additional projects.

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Neutral Bay - Kirribilli shows employment indicators that trail behind approximately 70% of regions assessed across Australia

Neutral Bay - Kirribilli has a highly educated workforce with significant representation in the technology sector. Its unemployment rate is 5.4%.

As of June 2025, there are 11,576 residents employed, with an unemployment rate of 5.4%, which is 1.2% higher than Greater Sydney's rate of 4.2%. Workforce participation in the area is 68.3%, compared to Greater Sydney's 60.0%. The dominant employment sectors are professional & technical, finance & insurance, and health care & social assistance. The area specializes in professional & technical jobs, with an employment share of 1.9 times the regional level.

However, construction shows lower representation at 4.9% compared to the regional average of 8.6%. Many residents commute elsewhere for work based on Census data. Between June 2024 and June 2025, labour force decreased by 0.1%, employment decreased by 1.3%, leading to a rise in unemployment rate by 1.1 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%. According to Jobs and Skills Australia's national employment forecasts from May 2025, national employment is projected to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Neutral Bay - Kirribilli's employment mix suggests local growth of approximately 7.6% over five years and 15.0% over ten years.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for financial year ending June 2022 shows Neutral Bay - Kirribilli has exceptionally high incomes nationally, with a median of $79,439 and an average of $138,855. This contrasts with Greater Sydney's median income of $56,994 and average income of $80,856. Based on Wage Price Index growth of 12.61% from July 2022 to September 2025, estimated incomes would be approximately $89,456 (median) and $156,365 (average). According to the 2021 Census, Neutral Bay - Kirribilli's household, family, and personal incomes rank highly nationally, between the 87th and 98th percentiles. Income brackets indicate that 30.1% of locals (5,480 people) earn over $4,000 weekly, unlike Greater Sydney where 30.9% fall within the $1,500 - 2,999 range. A significant 41.3% earn above $3,000 weekly. High housing costs consume 18.3% of income, but strong earnings place disposable income at the 82nd percentile nationally. The area's SEIFA income ranking places it in the 10th decile.

Neutral Bay - Kirribilli features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Neutral Bay - Kirribilli's dwelling structure, as per the latest Census, consisted of 8.7% houses and 91.3% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metro's 17.9% houses and 82.1% other dwellings. Home ownership in Neutral Bay - Kirribilli stood at 25.3%, with mortgaged dwellings at 18.5% and rented dwellings at 56.2%. The median monthly mortgage repayment was $2,990, below Sydney metro's average of $3,085. Median weekly rent in the area was $541, compared to Sydney metro's $582. Nationally, Neutral Bay - Kirribilli's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Neutral Bay - Kirribilli features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 50.8% of all households, including 15.3% couples with children, 28.5% couples without children, and 5.9% single parent families. Non-family households comprise the remaining 49.2%, with lone person households at 43.7% and group households making up 5.6%. The median household size is 1.9 people, which is smaller than the Greater Sydney average of 2.1.

Neutral Bay - Kirribilli demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Neutral Bay-Kirribilli has a significantly higher proportion of residents with university qualifications than the national average. Among those aged 15 and above, 62.5% have such qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are the most common at 39.7%, followed by postgraduate qualifications (18.6%) and graduate diplomas (4.2%). Vocational pathways account for 19.5% of qualifications, with advanced diplomas making up 11.2% and certificates 8.3%.

A total of 23.9% of the population is actively pursuing formal education, including 8.1% in tertiary education, 5.8% in primary education, and 4.2% in secondary education. The area's five schools have a combined enrollment of 3,169 students as of the latest data. Neutral Bay-Kirribilli demonstrates exceptional educational performance, with an ICSEA score of 1198, placing its schools among the most advantaged nationally. The educational mix includes three primary schools, one secondary school, and one K-12 school.

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

Neutral Bay-Kirribilli has 57 active public transport stops offering a mix of ferry and bus services. These stops are served by 84 individual routes, facilitating 11,596 weekly passenger trips in total. The area's transport accessibility is rated excellent, with residents typically residing just 125 meters from the nearest stop.

Service frequency averages 1,656 trips per day across all routes, amounting to approximately 203 weekly trips per individual stop.

Neutral Bay - Kirribilli's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Neutral Bay - Kirribilli. Prevalence of common health conditions is very low across all age groups. Private health cover rate is exceptionally high at approximately 83% of the total population (15,149 people), compared to 86.4% across Greater Sydney and a national average of 55.3%.

The most common medical conditions are mental health issues and asthma, impacting 7.0 and 6.5% of residents respectively. 73.8% of residents declare themselves completely clear of medical ailments, compared to 75.2% across Greater Sydney. As of 2021, the area has 21.1% of residents aged 65 and over (3,834 people). Health outcomes among seniors are particularly strong, performing even better than the general population in health metrics.

Neutral Bay - Kirribilli was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Neutral Bay-Kirribilli has a higher cultural diversity than most local areas, with 21.0% of residents speaking a language other than English at home and 39.6% born overseas. Christianity is the predominant religion in Neutral Bay-Kirribilli, comprising 44.7% of its population. Judaism is slightly overrepresented compared to Greater Sydney, making up 1.1% of Neutral Bay-Kirribilli's population.

The top three ancestral groups are English (26.1%), Australian (17.1%), and Other (11.8%). Notably, French (1.2%) and Spanish (0.8%) ethnicities are slightly overrepresented compared to regional averages.

Neutral Bay - Kirribilli's population is slightly older than the national pattern

Neutral Bay - Kirribilli has a median age of 40, which is higher than Greater Sydney's figure of 37 and Australia's figure of 38 years. The 25-34 cohort is notably over-represented at 21.8%, compared to the Greater Sydney average, while the 5-14 year-olds are under-represented at 6.0%. This concentration in the 25-34 age group is well above the national figure of 14.5%. Between 2021 and present, the 15 to 24 age group has grown from 8.1% to 9.9%, while the 35 to 44 cohort has declined from 16.6% to 15.5% and the 45 to 54 group has dropped from 11.9% to 10.8%. By 2041, demographic modeling suggests Neutral Bay - Kirribilli's age profile will evolve significantly. The 85+ age cohort is projected to surge dramatically, expanding by 635 people (101%) from 631 to 1,267. Notably, the combined 65+ age groups are expected to account for 87% of total population growth, reflecting the area's aging demographic profile. Meanwhile, the 15 to 24 and 5 to 14 cohorts are expected to experience population declines.