Georgetown (NSW)

Georgetown has seen population growth performance typically on par with national averages when looking at short and medium term trends

As of Feb 2026, the population of the suburb of Georgetown (NSW) is estimated at around 2,064 people. This reflects a decrease from the 2021 Census figure of 2,072 people, a change inferred from AreaSearch's estimation of the resident population at 2,044 following examination of the latest ERP data release by the ABS in June 2024 and an additional 29 validated new addresses since the Census date. This level of population results in a density ratio of 3,752 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration was the primary driver of population growth during recent periods for the suburb. AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022, and NSW State Government's SA2 level projections for areas not covered by this data, 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. Considering the projected demographic shifts, an above median population growth is projected for non-metropolitan Australian areas like Georgetown (NSW). By 2041, the suburb is expected to expand by 347 persons, reflecting a gain of 18.4% in total over the 17 years.

Residential development activity is lower than average in Georgetown according to AreaSearch's national comparison of local real estate markets

Georgetown has seen approximately 6 new homes approved annually based on AreaSearch analysis of ABS building approval numbers. Around 30 homes were approved over the past five financial years, from FY-21 to FY-25, with one approved so far in FY-26. The average number of people moving to the area per dwelling built over these five years was 1.9, indicating balanced supply and demand conditions. However, this decreased to 0.8 people per dwelling over the past two financial years, suggesting more balanced supply conditions recently.

New homes are being constructed at an average expected cost of $510,000, reflecting a focus on the premium segment by developers. In FY-26, $241,000 in commercial development approvals have been recorded, indicating minimal commercial development activity compared to residential. Compared to Rest of NSW, Georgetown has approximately half the rate of new dwelling approvals per person and ranks among the 48th percentile nationally, suggesting limited buyer options but strengthening demand for established homes due to its developed market status with around 350 people per dwelling approval. New building activity consists of 33.0% standalone homes and 67.0% townhouses or apartments, reflecting a shift towards higher-density living to cater to downsizers, investors, and first-home buyers. This represents a significant change from the current housing mix, which is predominantly houses (86.0%). Looking ahead, Georgetown's population is expected to grow by 379 residents through to 2041, potentially leading to increased competition among buyers if current development rates do not keep pace with population growth, thereby supporting stronger price growth.

Looking ahead, Georgetown is expected to grow by 379 residents through to 2041 (from the latest AreaSearch quarterly estimate). If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified two projects likely impacting this region. Notable projects include Former Waratah Gasworks Redevelopment, Waratah Park Masterplan, Hunter Indoor Sports Centre, and Hunter Net Zero Manufacturing Centre of Excellence. The following details the most relevant ones.

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Employment performance in Georgetown has been broadly consistent with national averages

Georgetown has a highly educated workforce with significant representation in essential services sectors. Its unemployment rate is 3.8%, with an estimated employment growth of 2.7% over the past year, according to AreaSearch's statistical area data aggregation. As of September 2025, 1,255 residents are employed, and the unemployment rate aligns with Rest of NSW at 3.8%.

Workforce participation is notably higher at 76.5% compared to Rest of NSW's 61.5%. Census responses indicate that 28.0% of residents work from home, potentially influenced by Covid-19 lockdown impacts. The leading employment industries among Georgetown residents are health care & social assistance, education & training, and construction. Notably, health care & social assistance has a significant share at 1.4 times the regional level, while agriculture, forestry & fishing shows lower representation at 0% compared to the regional average of 5.3%.

The predominantly residential area appears to offer limited local employment opportunities, as suggested by the count of Census working population vs resident population. Over the past 12 months, employment increased by 2.7%, and labour force grew by 3.2%, leading to a rise in unemployment rate by 0.5 percentage points. In contrast, Rest of NSW saw employment decline by 0.5% and labour force decline by 0.1%, with an unemployment rate increase of 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 offer insights into potential future demand within Georgetown. These projections estimate national employment growth at 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between industry sectors. Applying these projections to Georgetown's employment mix suggests local employment should increase by 7.1% over five years and 14.8% over ten years, though these are simple weighting extrapolations for illustrative purposes and do not account for localized population projections.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

Georgetown suburb's income level exceeds national average based on latest ATO data aggregated by AreaSearch for financial year ended June 2023. Median income among taxpayers is $61,717, with average income at $74,134. These figures compare to Rest of NSW's median and average incomes of $52,390 and $65,215 respectively. Applying Wage Price Index growth of 8.86% from financial year ended June 2023 to September 2025 estimates current median income at approximately $67,185 and average income at $80,702. According to the 2021 Census, incomes in Georgetown cluster around the 68th percentile nationally. Income distribution shows that 36.5% of locals (753 people) fall within the $1,500 - 2,999 income bracket, similar to the broader area where 29.9% occupy this category. High housing costs consume 16.2% of income, but strong earnings place disposable income at the 65th percentile nationally. The suburb's SEIFA income ranking places it in the 6th decile.

Georgetown is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

In Georgetown, as per the latest Census evaluation, 85.5% of dwellings were houses while 14.5% comprised other types such as semi-detached units, apartments, and 'other' dwellings. This is compared to Non-Metro NSW's dwelling structure of 82.6% houses and 17.4% other dwellings. Home ownership in Georgetown stood at 27.0%, with the remaining dwellings either mortgaged (42.6%) or rented (30.4%). The median monthly mortgage repayment in Georgetown was $2,000, exceeding Non-Metro NSW's average of $1,733. Meanwhile, the median weekly rent figure in Georgetown was recorded at $423, compared to Non-Metro NSW's $330. Nationally, Georgetown's mortgage repayments were higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Georgetown features high concentrations of group households, with a lower-than-average median household size

Family households constitute 68.0% of all households, including 26.7% couples with children, 28.9% couples without children, and 11.1% single parent families. Non-family households account for the remaining 32.0%, with lone person households at 25.9% and group households making up 6.4%. The median household size is 2.3 people, which is smaller than the Rest of NSW average of 2.4.

Georgetown shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Georgetown's residents aged 15+ have a higher proportion with university qualifications than broader benchmarks: 32.7%, compared to 21.3% in the rest of NSW and 26.1% in its SA4 region. This educational advantage is notable, indicating potential for knowledge-based opportunities. Bachelor degrees are most prevalent at 24.6%, followed by postgraduate qualifications (5.6%) and graduate diplomas (2.5%). Vocational credentials are also prominent, with 34.6% of residents holding them: advanced diplomas account for 9.2%, while certificates make up 25.4%.

Educational participation in Georgetown is high at 27.8%, including primary education (7.7%), tertiary education (7.6%), and secondary education (5.5%).

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

Georgetown has 14 active public transport stops, all of which are bus stops. These stops are served by 22 different routes that together facilitate 691 weekly passenger trips. The average distance from a resident's home to the nearest transport stop is 138 meters, indicating excellent accessibility. As a predominantly residential area, most residents commute outward, with cars being the primary mode of transportation at 92%. On average, there are 1.3 vehicles per dwelling, which is lower than the regional average. According to the 2021 Census, 28% of residents work from home, a figure that may be influenced by COVID-19 conditions.

The service frequency across all routes averages 98 trips per day, equating to approximately 49 weekly trips per stop.

Health performance in Georgetown is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Georgetown faces significant health challenges according to AreaSearch's assessment as of October 2021. The prevalence of common health conditions was found to be somewhat prevalent across both younger and older age cohorts.

The rate of private health cover was very high, at approximately 56% of the total population (around 1,160 people), compared to 51.9% across Rest of NSW. Mental health issues impacted 12.6% of residents, while asthma affected 8.7%. A total of 66.3% declared themselves completely clear of medical ailments, compared to 63.3% across Rest of NSW. Working-age residents showed above average prevalence of chronic health conditions. As of October 2021, the area had 9.4% of residents aged 65 and over (around 194 people), which was lower than the 23.4% in Rest of NSW. Health outcomes among seniors presented some challenges, with national rankings broadly in line with the general population.

Georgetown is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Georgetown's cultural diversity was found to be below average, with 89.8% of its population born in Australia, 92.9% being citizens, and 93.4% speaking English only at home. Christianity was the main religion, comprising 45.9% of Georgetown's population. The most notable overrepresentation was in the 'Other' category, which made up 0.7% compared to 0.8% across Rest of NSW.

In terms of ancestry, the top three groups were English (31.2%), Australian (27.6%), and Irish (10.4%). There were also notable divergences in certain ethnic groups: Welsh was overrepresented at 0.9% compared to the regional average of 0.5%, Macedonian at 0.7% versus 0.4%, and Polish at 0.9% versus 0.5%.

Georgetown's population is slightly younger than the national pattern

Georgetown's median age is 34, which is lower than the Rest of NSW figure of 43 and also significantly lower than Australia's median age of 38 years. Compared to the Rest of NSW average, Georgetown has a notably higher proportion of residents aged 25-34 (22.5%) while those aged 65-74 are under-represented (6.3%). This concentration of young adults is well above the national figure of 14.4%. Between 2021 and the present, younger residents have shifted the median age down by 1.7 years to 34. Specifically, the proportion of residents aged 25-34 has grown from 18.0% to 22.5%, while those aged 35-44 increased from 14.6% to 16.6%. Conversely, the proportion of residents aged 45-54 has declined from 13.4% to 11.0% and those aged 5-14 dropped from 10.1% to 8.3%. Population forecasts for 2041 indicate substantial demographic changes in Georgetown. Leading these shifts, the 25-34 age group is projected to grow by 31%, reaching 607 people from a current figure of 464. Conversely, both the 65-74 and 55-64 age groups are expected to see reduced numbers.