Speers Point

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

The population of Speers Point, as estimated based on analysis of ABS updates and validated new addresses by AreaSearch, is around 4,142 as of Nov 2025. This reflects a growth of 742 people (21.8%) since the 2021 Census, which reported a population of 3,400. The current population is inferred from the resident population estimate of 4,100 by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, along with an additional 111 validated new addresses since the Census date. This results in a density ratio of 1,353 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. The suburb's population growth of 21.8% since the 2021 census exceeded that of the SA3 area (2.9%) and the non-metro area, marking it as a growth leader in the region. Interstate migration contributed approximately 62.0% of overall population gains during recent periods, with all drivers including overseas migration and natural growth being positive factors.

AreaSearch is adopting 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 for areas not covered by this data, released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the suburb is expected to increase by 541 persons to 2041, reflecting a reduction of 1.6% in total over the 17-year period.

AreaSearch assessment of residential approval activity sees Speers Point among the top 30% of areas assessed nationwide

Speers Point has seen approximately 70 new homes approved annually based on AreaSearch analysis of ABS building approval numbers. Around 352 homes were approved between FY-21 and FY-25, with an additional 32 approved so far in FY-26. The average occupancy rate per dwelling built over the past five financial years is 0.7 people.

New construction has been matching or outpacing demand, offering buyers more options while enabling population growth that could exceed current expectations. The average value of new homes being built is $608,000, slightly above the regional average. In FY-26, $88.3 million in commercial approvals have been registered, indicating robust local business investment. Compared to Rest of NSW, Speers Point records 402.0% more building activity per person. New development consists of 74.0% detached houses and 26.0% townhouses or apartments, maintaining the area's traditional suburban character with a focus on family homes.

With around 56 people per dwelling approval, Speers Point shows characteristics of a growth area. The population is expected to remain stable or decline, potentially reducing pressure on housing and creating opportunities for buyers.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified six projects that could affect the region. Notable ones are Speers Point Transport Improvements, Weemala at the Lake, Munibung Road Boolaroo Residential Precinct (Cockle Creek TOD), and McCloy Group Brush Creek Estate. The following list details those most relevant.

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Employment conditions in Speers Point demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Speers Point has a skilled workforce with prominent representation in essential services sectors. The unemployment rate as of June 2025 was 2.4%.

Employment growth over the past year was estimated at 2.5%. The unemployment rate is 1.2% lower than Rest of NSW's rate of 3.7%, and workforce participation is similar at 60.1% compared to Rest of NSW's 56.4%. Key industries for residents are health care & social assistance, construction, and education & training, while agriculture, forestry & fishing shows lower representation at 0.4% versus the regional average of 5.3%.

Employment opportunities locally may be limited as indicated by Census data comparing working population to resident population. Between June 2024 and June 2025, employment levels increased by 2.5%, labour force increased by 2.8%, resulting in a rise in unemployment by 0.3 percentage points. In comparison, Rest of NSW saw employment fall by 0.1%, labour force expand by 0.3%, and unemployment rise by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Speers Point's employment mix suggests local employment should increase by 6.9% over five years and 14.3% over ten years, based on a simple weighting extrapolation for illustrative purposes.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch's latest postcode level ATO data for financial year ending June 30, 2022 shows median income in Speers Point at $57,768 and average income at $76,592. This compares to Rest of NSW's median income of $49,459 and average income of $62,998. Based on Wage Price Index growth of 12.61% from July 1, 2022 to September 30, 2025, estimated current incomes are approximately $65,053 (median) and $86,250 (average). According to the Census conducted in August 2021, household, family and personal incomes in Speers Point fall around the 55th percentile nationally. The earnings profile indicates that 29.5% of individuals earn between $1,500 and $2,999 annually, reflecting a broader trend seen in the area where 29.9% also occupy this income range. Housing costs consume 15.6% of income, but strong earnings place disposable income at the 52nd percentile nationally. Speers Point's SEIFA income ranking places it in the 5th decile.

Speers Point is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Speers Point's dwellings, as per the most recent Census, consisted of 80.0% houses and 20.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro NSW's 82.4% houses and 17.6% other dwellings. Home ownership in Speers Point was at 39.8%, similar to Non-Metro NSW, with the rest being mortgaged (36.8%) or rented (23.4%). The median monthly mortgage repayment was $2,167, higher than Non-Metro NSW's average of $2,000. Median weekly rent was $393, compared to Non-Metro NSW's $370. Nationally, Speers Point's mortgage repayments were significantly higher at $2,167 versus Australia's average of $1,863, while rents were also higher at $393 compared to the national figure of $375.

Speers Point has a typical household mix, with a lower-than-average median household size

Family households constitute 69.9% of all households, including 28.1% couples with children, 29.4% couples without children, and 11.9% single parent families. Non-family households account for the remaining 30.1%, with lone person households at 27.9% and group households comprising 2.2%. The median household size is 2.4 people, smaller than the Rest of NSW average of 2.5.

Educational attainment in Speers Point aligns closely with national averages, showing typical qualification patterns and performance metrics

Speers Point has educational qualifications that trail regional benchmarks, with 26.0% of residents aged 15+ holding university degrees compared to the NSW average of 32.2%. This gap suggests potential for educational development and skills enhancement in the area. Bachelor degrees are most common at 18.3%, followed by postgraduate qualifications (5.6%) and graduate diplomas (2.1%). Vocational credentials are also prevalent, with 40.0% of residents aged 15+ holding such qualifications – advanced diplomas account for 12.6% while certificates make up 27.4%.

Educational participation is high in Speers Point, with 26.4% of residents currently enrolled in formal education. This includes 9.0% in primary education, 7.1% in secondary education, and 4.7% pursuing tertiary education. Speers Point Public School serves the local community, enrolling 253 students as of a recent count. The school caters to typical Australian educational conditions (ICSEA: 994) and offers balanced educational opportunities focused exclusively on primary education. Secondary options are available in surrounding areas due to limited local school capacity (6.1 places per 100 residents compared to the regional average of 14.6), which may require families to travel for schooling.

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

The analysis of public transport in Speers Point shows that there are currently 22 active transport stops operating within the area. All these stops are serviced by buses, with a total of 15 individual routes running through them. Collectively, these routes provide 249 weekly passenger trips.

The accessibility to transport is rated as excellent, with residents typically located an average of 173 meters from their nearest transport stop. On average, there are approximately 35 trips per day across all routes, which equates to around 11 weekly trips per individual stop.

Health performance in Speers Point is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Health data indicates significant health challenges in Speers Point, with high prevalence of common conditions across both younger and older age groups. Private health cover is notably high at approximately 57% (~2,368 people), compared to 54.2% across Rest of NSW.

The most prevalent medical conditions are arthritis (10.6%) and mental health issues (9.9%). About 62.4% of residents report no medical ailments, similar to the 62.6% in Rest of NSW. Speers Point has a higher proportion of seniors aged 65 and over at 22.8% (944 people), compared to 21.4% in Rest of NSW. Health outcomes among seniors largely align with the general population's health profile.

Speers Point ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Speers Point, as per the data, had a lower than average cultural diversity. It was noted that 87.6% of its population were born in Australia, with 93.1% being citizens and 93.3% speaking English only at home. Christianity was found to be the predominant religion in Speers Point, making up 55.7% of the population, compared to 52.5% across the rest of NSW.

The top three ancestry groups were English (30.9%), Australian (28.9%), and Irish (9.6%). Notably, Welsh (0.9%) was overrepresented in Speers Point compared to the regional average of 0.8%. Similarly, Scottish (8.9%) and Russian (0.4%) were also slightly more prevalent than their respective regional averages of 8.8% and 0.2%.

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

Speers Point's median age is 44 years, similar to Rest of NSW's 43 years and above the national average of 38 years. Compared to Rest of NSW, Speers Point has a higher percentage of residents aged 45-54 (13.3%) but fewer residents aged 25-34 (9.8%). Between the 2016 and 2021 Census, the population aged 35-44 grew from 12.2% to 13.0%, while the population aged 55-64 declined from 14.7% to 13.5%. By 2041, Speers Point's age composition is expected to change significantly. The population aged 85 and above is projected to grow by 59% (75 people), reaching 204 from 128. Conversely, the populations aged 65-74 and 5-14 are expected to decline.