McMahons Point

An assessment of population growth drivers in McMahons Point reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of May 2026, the estimated population of McMahons Point is around 2,583 people. This reflects an increase of 268 individuals since the 2021 Census, which reported a population of 2,315 people. The current population was inferred from AreaSearch's analysis of the latest ERP data release by the ABS in June 2025 and four additional validated new addresses since the Census date. This results in a population density ratio of 7,380 persons per square kilometer, placing McMahons Point within the top 10% of national locations assessed by AreaSearch. The suburb's growth rate of 11.6% since the 2021 census exceeded both the SA4 region (5.9%) and the SA3 area, indicating it as a growth leader in the region. Overseas migration contributed approximately 84.0% of overall population gains during recent periods, driving primary growth for McMahons Point's population.

AreaSearch is utilising ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year, and NSW State Government's SA2 level projections where applicable. Future population trends forecast a significant increase in the top quartile of national statistical areas by 2041, with McMahons Point expected to expand by 661 persons, reflecting an overall increase of 25.6% over the 16-year period.

The level of residential development activity in McMahons Point is very low in comparison to the average area assessed nationally by AreaSearch

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows McMahons Point has experienced around 1 dwelling receiving development approval annually.

Population has fallen over the past period, yet development activity has been adequate in relative terms, which is positive for buyers. Compared to Greater Sydney, McMahons Point records markedly lower building activity. This scarcity of new homes typically strengthens demand and prices for existing properties. Nationally, this is below average, reflecting the area's maturity and possible planning constraints.

McMahons Point has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

AreaSearch has identified a single project that may impact the area: Affinity Place, East Walker Residences, Victoria Cross Station and Tower, and MLC Building North Sydney - Adaptive Reuse at 105-153 Miller Street.

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

McMahons Point has a highly educated workforce. The technology sector is particularly well-represented. As of December 2025, the unemployment rate was 4.7%.

Employment stability in the area remained relatively consistent over the past year, according to AreaSearch's aggregation of statistical area data. In December 2025, 1,618 residents were employed, with an unemployment rate of 4.7%, which is 0.5% higher than Greater Sydney's rate of 4.2%. Workforce participation was similar to Greater Sydney's at 68.8%. According to Census responses, 64.2% of residents worked from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents were professional & technical, health care & social assistance, and finance & insurance. McMahons Point showed strong specialization in professional & technical services, with an employment share twice the regional level. Retail trade had limited presence, with 4.2% employment compared to 9.3% regionally. There were 3.1 workers for every resident as of the Census, indicating that the area functions as an employment hub attracting workers from surrounding areas. Between December 2024 and December 2025, employment levels increased by 0.4%, while labour force increased by 1.1%, causing the unemployment rate to rise by 0.7 percentage points. In comparison, Greater Sydney recorded employment growth of 2.2% and labour force growth of 2.3%, with a marginal increase in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 offer insight into potential future demand within McMahons Point. These projections suggest that national employment should expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to McMahons Point's employment mix suggests local employment should increase by 7.8% over five years and 15.3% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localized population projections.

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

The suburb of McMahons Point has one of the highest income levels nationally according to AreaSearch data based on latest ATO figures for financial year 2023. The median income among taxpayers in McMahons Point is $79,793, with an average income of $142,709. This compares to Greater Sydney's median and average incomes of $60,817 and $83,003 respectively. Based on a 10.32% increase in wages from financial year 2023 to March 2026, estimated current incomes would be approximately $88,028 (median) and $157,437 (average). Census 2021 income data shows McMahons Point's household, family, and personal incomes rank highly nationally, between the 91st and 99th percentiles. Income brackets indicate 35.5% of the population falls within the $4000+ range, differing from the regional norm where the $1,500 - 2,999 category is predominant at 30.9%. A substantial 46.3% earn over $3,000 weekly, reflecting strong purchasing power in the community. High housing costs consume 15.9% of income, but robust earnings place disposable income at the 91st percentile nationally. The suburb's SEIFA income ranking places it in the 10th decile.

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

McMahons Point's dwelling structure, as per the latest Census, consisted of 13.1% houses and 87.0% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 55.9% houses and 44.1% other dwellings. Home ownership in McMahons Point was 32.4%, with the rest being mortgaged at 14.6% or rented at 53.0%. The median monthly mortgage repayment was $3,000, higher than Sydney metro's average of $2,427. Median weekly rent in McMahons Point was $580, compared to Sydney metro's $470. Nationally, McMahons Point's mortgage repayments were significantly higher at $3,000 versus Australia's average of $1,863, and rents were substantially above the national figure of $375.

McMahons Point features high concentrations of lone person households, with a lower-than-average median household size

Family households account for 52.7% of all households, including 13.7% couples with children, 33.5% couples without children, and 4.1% single parent families. Non-family households make up the remaining 47.3%, with lone person households at 44.1% and group households comprising 3.0%. The median household size is 1.8 people, which is smaller than the Greater Sydney average of 2.7.

Educational achievement in McMahons Point places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

McMahons Point has a notably high level of educational attainment among its residents aged 15 and above, with 68.8% holding university qualifications. This figure is significantly higher than the national average of 30.4% and the state average of 32.2%, indicating a substantial educational advantage for the area. Bachelor degrees are the most common qualification, held by 40.9% of residents in this age group, followed by postgraduate qualifications at 23.2% and graduate diplomas at 4.7%. Vocational pathways account for 16.8%, with advanced diplomas making up 8.5% and certificates 8.3%.

A total of 20.8% of the population is actively pursuing formal education, including 8.5% in tertiary education, 3.7% in secondary education, and 3.4% in primary education.

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

McMahons Point has 23 active public transport stops offering a mix of ferry and bus services. These are served by 10 routes, collectively providing 3,904 weekly passenger trips. Transport accessibility is excellent, with residents typically located 113 meters from the nearest stop. Most residents commute outward. Car remains the dominant mode at 56%, followed by train at 17% and walking at 14%. Vehicle ownership averages 0.6 per dwelling, below the regional average.

In 2021 Census data, which may reflect COVID-19 conditions, 64.2% of residents worked from home. Service frequency averaged 557 trips per day across all routes, equating to approximately 169 weekly trips per individual stop.

McMahons Point's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

AreaSearch's assessment shows McMahons Point has outstanding health outcomes based on low mortality rates and chronic condition prevalence across all age groups. The most common conditions are asthma (6.8%) and arthritis (6.5%), while 73.3% of residents report no medical ailments. Private health cover is exceptionally high at approximately 83%, compared to Greater Sydney's 59.9% and the national average of 55.7%.

The under-65 population has better than average health outcomes. McMahons Point has a higher proportion of seniors (23.8%) compared to Greater Sydney (15.5%). Despite this, health outcomes among seniors are strong and align with national rankings.

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

McMahons Point's population was found to be more culturally diverse than most local areas, with 17.4% speaking a language other than English at home and 37.0% born overseas. Christianity was the predominant religion in McMahons Point, making up 42.5% of its population. Notably, Judaism comprised 0.9%, which is higher than Greater Sydney's average of 0.8%.

Regarding ancestry, the top groups were English at 29.3%, Australian at 16.9%, and Irish at 11.4%. These figures are substantially higher than the regional averages of 19.0% for English and 6.1% for Irish. Other ethnic groups with notable representation include French (1.1%), Polish (1.2%), and Scottish (9.7%), all higher than their respective regional averages.

McMahons Point hosts a notably older demographic compared to the national average

McMahons Point has a median age of 44, which exceeds Greater Sydney's figure of 37 and the national norm of 38. The 65-74 age group makes up 12.5%, compared to Greater Sydney, while the 5-14 cohort is less prevalent at 4.0%. According to the 2021 Census, the 75 to 84 age group has grown from 8.0% to 9.5%. Conversely, the 45 to 54 cohort has declined from 13.2% to 12.0%. By 2041, demographic modeling suggests McMahons Point's age profile will change significantly. Leading this shift, the 75 to 84 group is projected to grow by 72%, reaching 422 people from 245. The aging population trend is evident, with those aged 65 and above comprising 69% of projected growth. Meanwhile, the 0 to 4 cohort is not expected to grow (0% increase, 0 people).