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 18,264 as of November 2025. This figure reflects a growth of 1,081 people since the 2021 Census, which reported a population of 17,183. The increase is inferred from ABS data: an estimated resident population of 18,158 in June 2024 and additional validated new addresses since the Census date. This results in a population density ratio of 8,264 persons per square kilometer, placing Neutral Bay-Kirribilli among the top 10% of locations assessed by AreaSearch. The area's growth rate of 6.3% since the 2021 census exceeded both its SA3 area (5.4%) and SA4 region, indicating it as a growth leader. Overseas migration contributed approximately 87.9% of overall population gains during recent periods.

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 anticipate lower quartile growth nationally; Neutral Bay-Kirribilli is expected to expand by 389 persons to 2041, reflecting a total increase of 1.6% over the 17 years.

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, with a total of 135 homes approved during this period. In FY-26, up to the present date, 29 dwellings have been approved. The population has declined in recent years, suggesting that new supply has likely kept pace with demand, providing good options for buyers.

The average expected construction cost value of new homes is $1,166,000, indicating a focus on premium developments. This financial year has seen $70.9 million in commercial development approvals, reflecting robust local business investment. Compared to Greater Sydney, Neutral Bay-Kirribilli shows about 75% of the construction activity per person and ranks among the 27th 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, favouring higher-density living which creates more affordable entry points for downsizers, investors, and first-home buyers. The area has approximately 1308 people per dwelling approval, indicating an established market.

According to the latest AreaSearch quarterly estimate, Neutral Bay-Kirribilli is projected to grow by 283 residents by 2041. At current development rates, new housing supply should comfortably meet demand, potentially supporting growth beyond current population projections.

Neutral Bay - Kirribilli has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 49 projects likely to impact the area. Notable 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.

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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. As of September 2025, its unemployment rate is 5.3%. The area's unemployment rate is 1.1% higher than Greater Sydney's rate of 4.2%, while workforce participation is similar at 73.8%.

According to Census responses, 66.1% of residents work from home, potentially influenced by Covid-19 lockdowns. Dominant employment sectors include professional & technical, finance & insurance, and health care & social assistance. The area specializes in professional & technical jobs with an employment share nearly twice the regional level (1.9x), but 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 comparing working population to local population.

Between September 2024 and August 2025, labour force increased by 0.5%, while employment decreased by 0.5%, leading to a 1.0 percentage point rise in unemployment rate. In contrast, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%. National employment forecasts from Jobs and Skills Australia, released May-25, 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 employment should increase by 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 2023 shows that Neutral Bay - Kirribilli SA2 has exceptionally high incomes nationally. The median income is $83,039 and the average income stands at $133,576. This contrasts with Greater Sydney's figures of a median income of $60,817 and an average income of $83,003. Based on Wage Price Index growth of 8.86% since financial year ending June 2023, current estimates would be approximately $90,396 (median) and $145,411 (average) as of September 2025. According to the 2021 Census, 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 (5,497 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 compares to Sydney metro's 55.9% houses and 44.1% 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, higher than Sydney metro's $2,427. The median weekly rent was $541, compared to Sydney metro's $470. Nationally, Neutral Bay-Kirribilli's mortgage repayments were significantly higher at $1,863, and 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 percent of all households, including 15.3 percent couples with children, 28.5 percent couples without children, and 5.9 percent single parent families. Non-family households comprise the remaining 49.2 percent, with lone person households at 43.7 percent and group households making up 5.6 percent of the total. The median household size is 1.9 people, which is smaller than the Greater Sydney average of 2.7.

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 higher educational attainment than the national average. Sixty-two point five percent of its residents aged 15 and above have university qualifications, compared to Australia's 30.4% and New South Wales' 32.2%. Bachelor degrees are the most common at 39.7%, followed by postgraduate qualifications at 18.6% and graduate diplomas at 4.2%. Vocational pathways account for 19.5% of qualifications, 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 education, 5.8% in primary education, 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 84 active public transport stops offering a mix of ferry and bus services. These stops are served by 84 individual routes, collectively facilitating 14,315 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 124 meters from the nearest stop. Most residents commute outward due to its residential nature. Cars remain the dominant mode at 56%, followed by walking (12%) and train (12%). Vehicle ownership averages 0.5 per dwelling, below the regional average.

According to the 2021 Census, a high 66.1% of residents work from home, potentially due to COVID-19 conditions. Service frequency averages 2,045 trips per day across all routes, equating to approximately 170 weekly trips per stop.

Neutral Bay - Kirribilli's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Neutral Bay - Kirribilli demonstrates excellent health outcomes based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 82% of the total population (14,885 people) have private health cover, compared to 59.9% in Greater Sydney and 55.7% nationally.

The most prevalent medical conditions are mental health issues and asthma, affecting 7.0% and 6.5% of residents respectively. A total of 73.8% of residents declare themselves completely clear of medical ailments, compared to 74.6% in Greater Sydney. Working-age residents show low chronic condition prevalence. The area has 21.1% of residents aged 65 and over (3,846 people), higher than the 15.3% in Greater Sydney. Health outcomes among seniors are strong, with national rankings broadly in line with the general population.

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 is more culturally diverse than most local areas, with 21.0% speaking a language other than English at home and 39.6% born overseas. Christianity is the predominant religion, comprising 44.7%. Judaism, at 1.1%, is higher than Greater Sydney's average of 0.8%.

The top three ancestry groups are English (26.1%), Australian (17.1%), and Other (11.8%). French (1.2%) and Russian (0.7%) are overrepresented compared to regional averages of 0.5% and 0.4%, respectively, while Spanish is also slightly higher 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 Australia's figure of 38. The 25-34 cohort is 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 of the 25-34 age group is well above the national figure of 14.5%. Between 2021 and the present day, 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 that Neutral Bay - Kirribilli's age profile will change significantly. The 85+ age cohort is projected to grow by 633 people (100%), from 633 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 45 to 54 and 15 to 24 cohorts are expected to experience population declines.