Cremorne Point

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

The population of the Cremorne Point statistical area (Lv2) is estimated to be around 2,328 as of November 2025. This reflects an increase of 58 people since the 2021 Census, which reported a population of 2,270 people. The change is inferred from the resident population of 2,315 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional one validated new address since the Census date. This level of population equates to a density ratio of 5,414 persons per square kilometer, which is within the top 10% of national locations assessed by AreaSearch. The Cremorne Point (SA2) has experienced a growth rate of 2.6% since the census, positioning it competitively with other SA3 areas. Overseas migration contributed approximately 72.0% of overall population gains during recent periods in this area.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024 using 2022 as the base year, and NSW State Government's SA2 level projections for areas not covered by this data, released in 2022 with a 2021 base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. According to demographic trends and aggregated SA2-level projections, the Cremorne Point (SA2) is expected to grow by 168 persons by 2041, reflecting an increase of approximately 8.0% in total over the 17-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Cremorne Point, placing the area among the bottom 25% of areas assessed nationally

AreaSearch analysis of ABS building approval numbers shows Cremorne Point had approximately one residential property granted approval per year over the past five financial years, totalling an estimated six homes. In FY-26 so far, 22 approvals have been recorded. On average, each dwelling built between FY-21 and FY-25 gained 2.2 new residents annually, indicating strong demand supporting property values.

New homes are constructed at an average cost of $1,071,000, targeting the premium market segment with higher-end properties. Compared to Greater Sydney, Cremorne Point has markedly lower building activity, 75.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established dwellings.

Nationally, Cremorne Point's development activity is also lower, reflecting market maturity and possible development constraints. According to AreaSearch's latest quarterly estimate, Cremorne Point will gain 185 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Cremorne Point has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified five projects that may impact this region. Major projects include Palmaria, Wycombe Rd, Neutral Bay NSW 2089, Kirribilli Harbour, and Waruda Kirribilli. The following details those likely to be most relevant.

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

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The employment landscape in Cremorne Point shows performance that lags behind national averages across key labour market indicators

Cremorne Point has a highly educated workforce with significant representation in the technology sector. Its unemployment rate is 4.6%, according to AreaSearch's aggregation of statistical area data.

As of September 2025, there are 1,354 residents employed, with an unemployment rate of 4.7% compared to Greater Sydney's rate of 4.2%. Workforce participation in Cremorne Point is 65%, slightly higher than Greater Sydney's 60%. The leading employment industries among residents include professional & technical services, health care & social assistance, and finance & insurance. Notably, the area specializes in professional & technical services with an employment share double that of the regional level.

However, construction is under-represented, with only 4.6% of Cremorne Point's workforce compared to Greater Sydney's 8.6%. Over the year to September 2025, labour force levels decreased by 0.2%, and employment fell by 1.7%, leading to a rise in unemployment rate by 1.5 percentage points. In contrast, Greater Sydney saw employment grow by 2.1% and labour force increase by 2.4%, with unemployment rising only slightly by 0.2 percentage points. State-level data for NSW as of 25-Nov-25 shows employment contracted by 0.03%, with an unemployment rate of 3.9%. Nationally, the unemployment rate is 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Cremorne Point's employment mix suggests local employment could grow by 7.9% over five years and 15.5% over ten years, assuming constant population projections for illustrative purposes.

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

The latest postcode level ATO data for financial year 2023 shows Cremorne Point's median income among taxpayers is $86,645, with an average of $156,535. Nationally, this is exceptionally high compared to Greater Sydney's median of $60,817 and average of $83,003. By September 2025, estimates based on Wage Price Index growth of 8.86% suggest the median income will be approximately $94,322 and the average will be around $170,404. The 2021 Census reveals Cremorne Point's household, family, and personal incomes rank highly nationally, between the 96th and 99th percentiles. Income analysis indicates that 39.4% of residents (917 people) fall into the $4,000+ bracket, differing from the surrounding region where the $1,500 - 2,999 category is predominant at 30.9%. Notably, 49.4% earn above $3,000 weekly. Housing accounts for 14.5% of income, and residents' strong earnings place them within the 96th percentile for disposable income. The area's SEIFA income ranking places it in the 10th decile.

Cremorne Point features a more urban dwelling mix with significant apartment living, with above-average rates of outright home ownership

Cremorne Point's dwelling structure, as per the latest Census, had 13.6% houses and 86.3% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Sydney metro's 17.9% houses and 82.1% other dwellings. Home ownership in Cremorne Point stood at 35.4%, with mortgaged dwellings at 17.9% and rented ones at 46.7%. The median monthly mortgage repayment was $2,996, lower than Sydney metro's $3,085. Median weekly rent in Cremorne Point was $650, compared to Sydney metro's $582. Nationally, mortgage repayments were significantly higher at $1,863, and rents substantially above the national figure of $375.

Cremorne Point features high concentrations of lone person households, with a fairly typical median household size

Family households account for 61.4% of all households, including 20.7% couples with children, 33.1% couples without children, and 5.7% single parent families. Non-family households constitute the remaining 38.6%, with lone person households at 37.1% and group households making up 1.9%. The median household size is 2.1 people, which aligns with the Greater Sydney average.

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

Cremorne Point's residents aged 15+ have a higher university qualification rate at 62.7%, surpassing Australia's 30.4% and NSW's 32.2%. This educational advantage is driven by bachelor degrees (38.4%), postgraduate qualifications (20.0%), and graduate diplomas (4.3%). Vocational pathways account for 19.3%, with advanced diplomas at 12.1% and certificates at 7.2%. A significant 24.3% of the population is actively pursuing formal education, including 7.6% in tertiary, 7.3% in primary, and 5.1% in secondary education.

A substantial 24.3% of the population actively pursues formal education. This includes 7.6% in tertiary education, 7.3% in primary education, and 5.1% pursuing secondary education.

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

Cremorne Point has 27 active public transport stops. These are a mix of ferry and bus stops, served by 5 different routes. Together, these routes provide 2,655 weekly passenger trips.

The average distance from residents to the nearest stop is 97 meters, indicating excellent transport accessibility. On average, there are 379 trips per day across all routes, which equates to approximately 98 weekly trips per individual stop.

The level of general health in Cremorne Point is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Cremorne Point shows superior health outcomes for both young and elderly residents, with low prevalence of common conditions. Approximately 88% of its total population of 2,059 has private health cover, higher than Greater Sydney's 84.7%, and much greater than the national average of 55.7%. The most prevalent medical conditions are asthma (7.3%) and arthritis (6.6%), with 71.5% of residents reporting no medical ailments, compared to 75.2% in Greater Sydney.

As of 2021, 24.7% of Cremorne Point's population is aged 65 and over (575 people), higher than Greater Sydney's 20.1%. Health outcomes among seniors are notably strong, outperforming the general population in health metrics.

The level of cultural diversity witnessed in Cremorne Point was found to be above average when compared nationally for a number of language and cultural background related metrics

Cremorne Point's population showed higher cultural diversity than most local areas, with 14.0% speaking a language other than English at home and 36.7% born overseas. Christianity was the predominant religion, accounting for 47.5%. Judaism, at 0.8%, was slightly overrepresented compared to Greater Sydney's 1.0%.

The top three ancestral groups were English (29.3%), Australian (17.8%), and Irish (10.9%). Notably, French ancestry was overrepresented at 1.5% (vs regional 1.1%), Hungarian at 0.5% (vs 0.4%), and South African at 1.2% (vs 0.8%).

Cremorne Point hosts an older demographic, ranking in the top quartile nationwide

Cremorne Point's median age is 47 years, higher than Greater Sydney's average of 37 years and exceeding the national average of 38 years. The 55-64 age group constitutes 15.5%, compared to Greater Sydney's figure. The 5-14 cohort represents 6.8%, lower than Greater Sydney's percentage. Post-2021 Census data shows the 15-24 age group grew from 8.0% to 10.1%, while the 75-84 cohort increased from 7.1% to 8.6%. Conversely, the 35-44 cohort declined from 13.0% to 10.7% and the 5-14 group dropped from 8.5% to 6.8%. By 2041, demographic modeling projects significant changes in Cremorne Point's age profile. The 85+ cohort is projected to grow by 158%, adding 110 residents to reach 180. Senior residents aged 65 and above will drive 90% of population growth, indicating demographic aging trends. Meanwhile, population declines are projected for the 15-24 and 45-54 age cohorts.