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

As of Nov 2025, the estimated population for the Speers Point statistical area (Lv2) is around 3,936. This reflects a growth of 536 people since the 2021 Census, which reported a population of 3,400. The increase was inferred from AreaSearch's estimation of resident population at 3,729 based on ERP data release by ABS in June 2024 and validation of 111 new addresses since the Census date. This results in a density ratio of 1,286 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Speers Point's growth of 15.8% since the 2021 census exceeded that of its SA3 area (4.0%) and non-metro areas, indicating it as a growth leader in the region. Interstate migration contributed approximately 62.0% to overall population gains during recent periods, with all drivers being positive factors.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 using 2022 as the base year. For areas not covered by this data, NSW State Government's SA2 level projections released in 2022 using 2021 as the base year are used. 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 Speers Point (SA2) is expected to increase by 546 persons by 2041, reflecting a gain of 3.7% over the 17-year period.

Recent residential development output has been above average within Speers Point when compared nationally

Speers Point has seen approximately 59 new homes approved annually based on AreaSearch analysis of ABS building approval numbers. Over the past five financial years, from FY21 to FY25, around 296 homes were approved, with an additional 27 approved so far in FY26. The average population increase per dwelling built over these years was 0.9 people.

New construction has been matching or outpacing demand, offering buyers more options and potentially exceeding current population growth expectations. The average value of new homes being built is $608,000, indicating developers are targeting the premium market segment with higher-end properties. This financial year, $47.3 million in commercial approvals have been registered, suggesting robust local business investment. Compared to the Rest of NSW, Speers Point records 325% more building activity per person, providing buyers with ample choice. However, construction activity has eased recently.

This level is well above average nationally, reflecting strong developer confidence in the area. New development consists of 68% detached houses and 32% townhouses or apartments, offering choices across price ranges from spacious family homes to compact options. With around 126 people per dwelling approval, Speers Point exhibits characteristics of a growth area. According to AreaSearch's latest quarterly estimate, the area is projected to add 146 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting population growth beyond current projections.

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

AreaSearch has identified six projects that could impact the area significantly due to their potential influence on local infrastructure. These key projects include 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 considered most relevant.

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Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The labour market in Speers Point shows considerable strength compared to most other Australian regions

Speers Point has a skilled workforce with essential services sectors well represented. Its unemployment rate was 2.5% in the past year, with an estimated employment growth of 3.4%.

As of September 2025, 1,911 residents are employed, while the unemployment rate is 1.3% lower than Rest of NSW's rate of 3.8%. Workforce participation is 60.1%, compared to Rest of NSW's 56.4%. Key industries for employment among residents are health care & social assistance, construction, and education & training.

Agriculture, forestry & fishing shows lower representation at 0.4% versus the regional average of 5.3%. The area offers limited local employment opportunities, with a count of Census working population vs resident population indicating this. In the past year, employment increased by 3.4%, while labour force increased by 3.9%, causing unemployment to rise by 0.4 percentage points. This compares to Rest of NSW where employment fell by 0.5% and unemployment rose by 0.4 percentage points. State-level data to 25-Nov shows NSW employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 14.3% 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, assuming constant population projections for illustrative purposes.

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

Speers Point suburb income data from AreaSearch's latest postcode level ATO figures for financial year 2023 shows median income at $57,768 and average income at $76,592. This is higher than Rest of NSW's median income of $52,390 and average income of $65,215. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated current incomes are approximately $62,886 (median) and $83,378 (average) as of September 2025. Speers Point's household, family, and personal incomes from the 2021 Census cluster around the 55th percentile nationally. The earnings profile shows that 29.5% of individuals earn between $1,500 - $2,999 per week, reflecting broader area patterns where 29.9% fall into this range. High housing costs consume 15.6% of income, leaving disposable income at the 52nd percentile nationally. Speers Point's SEIFA income ranking places it in the 6th decile.

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

Speers Point's dwelling structures, as per the latest 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 39.8%, similar to Non-Metro NSW, with mortgaged dwellings at 36.8% and rented ones at 23.4%. The median monthly mortgage repayment in the area was $2,167, higher than Non-Metro NSW's average of $2,000. The median weekly rent figure was $393, compared to Non-Metro NSW's $370. Nationally, Speers Point's mortgage repayments were significantly higher at $2,167 compared to the Australian 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 account for 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 constitute 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, which is 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

Educational qualifications in Speers Point trail regional benchmarks with 26.0% of residents aged 15+ holding university degrees compared to the state average of 32.2%. Bachelor degrees are the most common at 18.3%, followed by postgraduate qualifications (5.6%) and graduate diplomas (2.1%). Trade and technical skills are also prominent, with 40.0% of residents aged 15+ holding vocational credentials – advanced diplomas (12.6%) and certificates (27.4%). Educational participation is high, with 26.4% of residents currently enrolled in formal education.

This includes primary education (9.0%), secondary education (7.1%), and tertiary education (4.7%).

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

Transport analysis indicates 30 active public transport stops in Speers Point. These stops offer bus services only, with a total of 15 routes operating weekly. The combined passenger trips across these routes amount to 258 per week.

Residents enjoy excellent transport accessibility, with an average distance of 173 meters to the nearest stop. Service frequency averages 36 trips daily across all routes, translating to approximately 8 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 common conditions prevalent across both younger and older age groups. Private health cover is high at approximately 57%, or around 2,250 people, compared to 54.4% in the rest of NSW.

The most frequent medical issues are arthritis (10.6%) and mental health concerns (9.9%). About 62.4% report no medical ailments, similar to the 62.6% in the rest of NSW. Speers Point has a higher proportion of residents aged 65 and over at 23.1%, or 909 people, compared to 21.4% in the 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, surveyed in 2016, had low cultural diversity with 87.6% of its population born in Australia, 93.1% being citizens, and 93.3% speaking English only at home. Christianity was the predominant religion, at 55.7%, compared to 52.5% regionally. The top three ancestry groups were English (30.9%), Australian (28.9%), and Irish (9.6%).

Notable differences included Welsh at 0.9% (vs regional 0.8%), Scottish at 8.9% (vs 8.8%), and Russian at 0.4% (vs 0.2%).

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

Speers Point's median age is 45 years, which is slightly higher than Rest of NSW's median age of 43 years, and considerably older than the national norm of 38 years. Compared to the Rest of NSW average, Speers Point has a notably higher proportion of people aged 45-54 (13.3% locally) and a lower proportion of people aged 25-34 (9.7%). Between 2021 and the present, the proportion of people aged 75 to 84 has increased from 6.8% to 7.7%, while the proportion of people aged 55 to 64 has declined from 14.7% to 13.5%. By 2041, demographic modeling suggests that Speers Point's age profile will change significantly. The number of people aged 25 to 34 is projected to increase by 87 (23%), from 381 to 469. Conversely, population declines are projected for the 5-14 and 15-24 age cohorts.