Neutral Bay - Kirribilli

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 was 18,201 as of November 2025, according to AreaSearch's analysis. This figure reflects a growth of 1,018 people since the 2021 Census, which reported a population of 17,183. The increase is inferred from ABS's estimated resident population of 18,158 in June 2024 and an additional 120 validated new addresses post-Census. 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 surpassed the SA4 region's rate of 5.4%. Overseas migration contributed approximately 87.9% to this population 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 from 2022 with a base year of 2021 are utilized. Growth rates by age group are applied to all areas for the years 2032 to 2041. Future population trends suggest lower quartile growth nationally, with Neutral Bay-Kirribilli 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 per year. Between FY-21 and FY-25135 homes were approved, with an additional 19 approved so far in FY-26. The population has declined recently, suggesting that new supply is meeting demand and providing good options for buyers.

The average expected construction cost of new homes is $1,166,000, indicating a focus on the premium market by developers. This financial year saw $70.9 million in commercial development approvals, reflecting strong local business investment. Compared to Greater Sydney, Neutral Bay - Kirribilli shows around 75% of the construction activity per person and ranks in the 27th percentile nationally, suggesting relatively limited buyer choice and interest in existing homes. Recent construction consists of 8.0% detached houses and 92.0% townhouses or apartments, promoting higher-density living and affordability 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 projected to grow by 346 residents. At current development rates, new housing supply should comfortably meet demand, offering favourable 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 to local infrastructure significantly impact an area's performance. AreaSearch has identified 49 projects likely to affect the area. Key projects include Neutral Bay Town Centre Plaza, Woolworths Neutral Bay Mixed-Use Development, XO Projects Mixed Use Development, and Wirra Neutral Bay. The following list details those most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment conditions in Neutral Bay - Kirribilli remain below the national average according to AreaSearch analysis

Neutral Bay - Kirribilli has a highly educated workforce with significant representation in the technology sector. The unemployment rate was 5.3% as of September 2025.

There were 11,397 residents employed at that time, which was 1.1% higher than Greater Sydney's unemployment rate of 4.2%. Workforce participation was also higher at 68.3%, compared to Greater Sydney's 60.0%. The dominant employment sectors among residents included professional & technical, finance & insurance, and health care & social assistance. The area had a particular specialization in professional & technical jobs, with an employment share of 1.9 times the regional level.

Conversely, construction showed lower representation at 4.9% compared to the regional average of 8.6%. Many residents appeared to commute elsewhere for work based on Census data. In the 12-month period ending in September 2025, labour force increased by 0.5%, while employment decreased by 0.5%, causing unemployment rate to rise by 1.0 percentage points. Meanwhile, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%. As of 25-Nov-25, NSW employment had contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%, compared to the national unemployment rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggested that national employment would expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Neutral Bay - Kirribilli's employment mix indicated local employment should increase by 7.6% over five years and 15.0% over ten years, although these figures were simple extrapolations for illustrative purposes and did not account for localised population projections.

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 that Neutral Bay - Kirribilli SA2 has exceptionally high incomes nationally. The median income is $79,439 and the average income stands at $138,855. This contrasts with Greater Sydney's figures of a median income of $56,994 and an average income of $80,856. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates would be approximately $89,456 (median) and $156,365 (average) as of September 2025. According to the 2021 Census figures, household, family and personal incomes in Neutral Bay - Kirribilli rank highly nationally, between the 86th and 98th percentiles. Income brackets indicate that 30.1% of locals (5,478 people) fall into the $4000+ category, unlike trends in the region 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, had 8.7% houses and 91.3% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Sydney metro's 17.9% houses and 82.1% other dwellings. Home ownership in Neutral Bay-Kirribilli was at 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 $3,085. Median weekly rent 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, while 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% who are couples with children, 28.5% who are couples without children, and 5.9% who are single parent families. Non-family households constitute the remaining 49.2%, with lone person households making up 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

Neutral Bay - Kirribilli's educational attainment is notably higher than national averages. Among residents aged 15+, 62.5% have university qualifications, compared to Australia's 30.4% and NSW's 32.2%. 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%, with advanced diplomas at 11.2% and certificates at 8.3%.

A significant 23.9% of the population is actively pursuing formal education, including 8.1% in tertiary, 5.8% in primary, and 4.2% in secondary education.

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, served by a mix of ferries and buses. These stops are covered by 84 routes, offering 11,596 weekly passenger trips in total. The area's transport accessibility is rated excellent, with residents located an average of 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. 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 (15,143 people), compared to 86.4% across Greater Sydney and 55.3% nationally.

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 (3,833 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 level of cultural diversity than most local areas, with 21.0% of its 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. Notably, Judaism is slightly overrepresented compared to Greater Sydney, making up 1.1% of Neutral Bay-Kirribilli's population.

In terms of ancestry, the top three groups are English (26.1%), Australian (17.1%), and Other (11.8%). Some ethnic groups show significant differences: French is overrepresented at 1.2%, Russian is equally represented at 0.7%, and Spanish is slightly overrepresented at 0.8%.

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 marginally higher than Australia's median age 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 15-24 age group has grown from 8.1% to 9.9%, while the 35-44 cohort has declined from 16.6% to 15.5%, and the 45-54 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 15-24 and 5-14 cohorts are expected to experience population declines.