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 18,201 as of November 2025. This figure shows an increase of 1,018 people since the 2021 Census, which recorded a population of 17,183. The change is inferred from ABS estimates of 18,158 in June 2024 and additional validated new addresses since the Census date. This results in a population density ratio of 8,235 persons per square kilometer, placing Neutral Bay - Kirribilli among the top 10% of locations assessed by AreaSearch. The area's growth rate of 5.9% since the 2021 Census exceeds the SA4 region's growth rate of 5.4%. Overseas migration contributed approximately 87.9% of overall population gains during recent periods, driving this growth.

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 are used, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future population trends suggest lower quartile growth across statistical areas nationally, with Neutral Bay - Kirribilli expected to expand by 389 persons to 2041 based on the latest population numbers, reflecting an 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 over several years. From FY-21 to FY-25135 homes were approved, with an additional 19 approved in FY-26 as of the present time. The population has declined recently, suggesting that new supply has likely kept pace with demand, offering buyers good choice.

The average expected construction cost value for new homes is $1,166,000, indicating a focus on the premium market with high-end developments. This financial year saw $70.9 million in commercial development approvals, reflecting robust local business investment. Compared to Greater Sydney and nationally, Neutral Bay-Kirribilli shows lower construction activity per person, placing it around the 28th percentile of areas assessed, which may result in relatively constrained buyer choice and support for existing homes. Recent construction has comprised 8.0% detached houses and 92.0% townhouses or apartments, favoring higher-density living and 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.

Future projections suggest Neutral Bay-Kirribilli will grow by 346 residents by 2041. 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 may 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 greatest 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. The unemployment rate as of June 2025 was 5.4%.

There were 11,576 residents employed at this time, which is 1.2% higher than Greater Sydney's rate of 4.2%. Workforce participation was 68.3%, compared to Greater Sydney's 60.0%. The dominant employment sectors among residents include professional & technical, finance & insurance, and health care & social assistance. The area has a particular specialisation in professional & technical jobs, with an employment share of 1.9 times the regional level.

Conversely, 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. In the 12-month period ending June 2025, labour force decreased by 0.1%, and employment decreased by 1.3%, leading to an unemployment rate rise of 1.1 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%. National employment forecasts from Jobs and Skills Australia, issued in May 2025, project national employment growth of 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 2022 shows Neutral Bay - Kirribilli has exceptionally high income levels nationally. The median income is $79,439 and the average is $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% since financial year 2022, current estimates as of September 2025 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 (5,478 people) fall into the $4000+ category, unlike regional trends where 30.9% fall within the $1,500 - 2,999 range. Notably, 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, had 8.7% houses and 91.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 17.9% houses and 82.1% other dwellings. Home ownership in Neutral Bay - Kirribilli was 25.3%, with mortgaged dwellings at 18.5% and rented ones 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, and rents were 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 account for 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 constitute the remaining 49.2%, with lone person households at 43.7% and group households comprising 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

Educational attainment in Neutral Bay-Kirribilli significantly surpasses broader benchmarks. As of 2016, 62.5% of residents aged 15 years and over held university qualifications, compared to 30.4% nationally and 32.2% in NSW. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees were the most prevalent at 39.7%, followed by postgraduate qualifications (18.6%) and graduate diplomas (4.2%).

Vocational pathways accounted for 19.5% of qualifications among those aged 15 years and over, with advanced diplomas making up 11.2% and certificates 8.3%. A substantial 23.9% of the population was actively pursuing formal education in 2016, including 8.1% in tertiary education, 5.8% in primary education, and 4.2% pursuing secondary education. Neutral Bay-Kirribilli's five schools had a combined enrollment reaching 3,169 students as of 2017 while the area demonstrated exceptional educational performance with an ICSEA score of 1198, placing local schools among the most advantaged nationally. The educational mix included 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, collectively providing 11,596 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 125 meters from the nearest stop.

Service frequency averages 1,656 trips per day across all routes, equating 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 with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 83% of the total population (15,143 people), compared to 86.4% across Greater Sydney and a national average of 55.3%. The most common medical conditions in the area are mental health issues and asthma, impacting 7.0 and 6.5% of residents respectively, while 73.8% declared themselves as 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 (3,833 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, accounting for 44.7% of the population. Judaism, however, is slightly overrepresented at 1.1%, compared to 1.0% across Greater Sydney.

The top three ancestry groups are English (26.1%), Australian (17.1%), and Other (11.8%). Notably, French (1.2%) and Spanish (0.8%) are slightly overrepresented in Neutral Bay-Kirribilli compared to regional averages of 1.1% and 0.7%, respectively.

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

Neutral Bay - Kirribilli has a median age of 40, which is slightly higher than Greater Sydney's figure of 37 and Australia's figure of 38 years. The area has an over-representation of the 25-34 cohort at 21.8%, compared to Greater Sydney's average, while those aged 5-14 are under-represented at 6.0%. This is significantly higher than the national average for the 25-34 age group, which stands at 14.5%. Between 2021 and present, the population of those aged 15 to 24 has increased from 8.1% to 9.9%, while the 35 to 44 cohort has decreased 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 that Neutral Bay - Kirribilli's age profile will change significantly. The number of people aged 85 and above is projected to increase by 635 (a 101% rise) from 631 to 1,267. Notably, the combined total population growth for those aged 65 and above will account for 87%, reflecting the area's aging demographic profile. Meanwhile, the populations of those aged 15-24 and 5-14 are expected to decrease.