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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch since the Census the suburb of Speers Point's population is estimated at around 3,737 as of May 2026. This reflects an increase of 337 people (9.9%) since the 2021 Census, which reported a population of 3,400 people. The change is inferred from the resident population of 3,729, estimated by AreaSearch following examination of the latest ERP data release by the ABS (June 2025) and an additional 111 validated new addresses since the Census date. This level of population equates to a density ratio of 1,221 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. the suburb of Speers Point's 9.9% growth since the 2021 census exceeded the SA3 area (3.2%), along with the Rest of NSW, marking it as a growth leader in the region. Population growth for the area was primarily driven by interstate migration that contributed approximately 62.0% of overall population gains during recent periods, although all drivers including overseas migration and natural growth were positive factors.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Moving forward with demographic trends, a population increase just below the median of national non-metropolitan areas is expected, with the area expected to increase by 442 persons to 2041 based on aggregated SA2-level projections, reflecting recording a gain of 11.6% in total over the 16 years.

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

According to investigations of building approvals from the bureau of statistics allocated by regional zones, the suburb of Speers Point has averaged about 61 newly approved residences annually, amounting to roughly 306 home approvals throughout the previous 5 financial years (spanning FY-21 to FY-25) and 31 during the current FY-26 period. Local requirements and construction volumes appear closely aligned since approximately 1.1 individuals relocated here per newly constructed dwelling over the past 5 financial years (spanning FY-21 to FY-25), yielding balanced market conditions where new properties average an estimated development cost of $608,000, signaling a builders focus on higher-tier, luxury projects. Furthermore, commercial building approvals have hit $47.3 million this financial year, demonstrating considerable commercial progress.

Relative to the Rest of NSW, the suburb of Speers Point registers 329.0% greater building activity per capita, offering prospective purchasers plenty of choices despite a recent moderation in construction. This rate sits far above the countrywide median, illustrating high development confidence. Recent building permits consist of 69.0% detached houses and 31.0% multi-unit or attached dwellings, indicating a growing diversity of attached options that accommodate different budgets, from larger family households to more affordable, smaller properties. There are roughly 92 citizens per residential permit in this market, showing an expanding sector.

Projections indicate the suburb of Speers Point will add 434 citizens by 2041, based on the latest quarterly calculations. Current construction velocities suggest residential supply will easily satisfy buyer demand, maintaining favorable purchasing conditions and potentially paving the way for gains beyond baseline population forecasts.

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

Nothing can influence an area's performance as much as changes to local infrastructure, major projects and planning initiatives. In total 6 projects have been identified by AreaSearch that are likely to have an impact on the area. 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, with the below list detailing those likely to be of most relevance.

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

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The employment landscape in Speers Point presents a mixed picture: unemployment remains low at 3.4%, yet recent job losses have affected its comparative national standing

The local workforce is highly skilled, with key services sectors well represented, and the unemployment rate is a low 3.4% according to regional database aggregations. In March 2026, there were 1,806 employed citizens, yielding a jobless rate 0.7% below the Regional NSW average of 4.1%, while workforce participation is matching the Regional NSW rate of 60.6%. Census figures showed a substantial 28.8% of the local workforce performed their duties from home, though this may reflect pandemic lockdown restrictions.

Resident jobs are heavily centered in the fields of healthcare and social assistance, building and construction, and education and training. Conversely, industries like farming, logging, and fishing show very low representation at 0.4% compared to the regional standard of 5.3%. Since it is mostly a residential locality, local job opportunities appear limited as indicated by comparing the Census working population against resident workforce numbers.

Based on analysis of SALM and ABS statistics aggregated across broader districts, the year leading to March 2026 saw the local labor force contract by 1.0% and overall employment decrease by 2.2%, which lifted the unemployment rate by 1.3 percentage points. In comparison, Regional NSW experienced a 0.9% drop in employment, a 0.4% reduction in the labor force, and a 0.5 percentage point rise in unemployment. Long-term occupational projections from Jobs and Skills Australia published in May-25 offer additional perspective on prospective hiring demands in the suburb of Speers Point. These predictions for five and ten-year spans have been mapped against the local industry profile to model future growth. While national job numbers are projected to grow by 6.6% over five years and 13.7% over ten years, trends vary widely by sector. Projecting these industry-specific trends onto the local workforce mix suggests employment in the suburb of Speers Point will expand by 6.9% over five years and 14.3% over ten years, using a basic weighted extrapolation that does not incorporate localized population shifts.

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

According to tax data from the financial year 2023 at the postcode level, residents in the suburb of Speers Point had a median income of $57,768 and an average income of $76,592. These figures are higher than the Regional NSW median of $52,390 and average of $65,215, respectively. Adjusting for a Wage Price Index growth of 10.32% since financial year 2023, estimated incomes would stand at roughly $63,730 for the median and $84,496 for the average as of March 2026. Census records place household, family, and individual earnings around the 55th percentile nationally. The largest income tier consists of 29.5% of residents earning between $1,500 and $2,999 weekly (representing 1,102 people), which is close to the 29.9% recorded regionally. Accommodation costs account for 15.6% of household income, but strong earnings keep disposable income at the 52nd percentile, placing the area in the 5th decile of the SEIFA index.

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

Residential property types in the suburb of Speers Point during the latest Census consisted of 80.0% standalone houses and 20.0% alternative housing options like townhouses and apartments, compared to Regional NSW where standalone houses made up 82.6% and alternative options made up 17.4%. Home ownership rates matched the regional average of 39.8%, with the remaining properties being mortgaged (36.8%) or rented (23.4%). The median monthly home loan repayment was $2,167, which is higher than the Regional NSW average of $1,733, while the median weekly rent was $393, compared to the regional figure of $330. Nationally, local home loan payments exceed the Australian median of $1,863, and weekly rents are higher than the national median of $375.

Speers Point has a typical household mix, with a fairly typical median household size

Family households dominate at 69.9% of all households, comprising 28.1% couples with children, 29.4% couples without children, and 11.9% single parent families. Non-family households make up the remaining 30.1%, with lone person households at 27.9% and group households comprising 2.2% of the total. The median household size of 2.4 people matches the Regional NSW average.

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

Educational qualifications in the suburb of Speers Point trail regional benchmarks, with 26.0% of residents aged 15+ holding university degrees compared to 32.2% in NSW. This gap highlights potential for educational development and skills enhancement. Bachelor degrees lead at 18.3%, followed by postgraduate qualifications (5.6%) and graduate diplomas (2.1%). Trade and technical skills feature prominently, with 40.0% of residents aged 15+ holding vocational credentials – advanced diplomas (12.6%) and certificates (27.4%).

Educational participation is notably high, 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.

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

Public transport networks include 30 active stops within the suburb of Speers Point, utilizing a mix of buses. These stops service 15 separate routes, providing 258 passenger trips per week. Transit accessibility is strong, with residents living an average of 173 meters from the nearest stop. Due to the area's residential nature, most workers travel out of the suburb, with private cars being the primary commute option at 96%. Vehicle ownership averages 1.5 per household. A notable 28.8% of working residents work from home, based on 2021 Census data, which may reflect pandemic-era conditions.

Average service frequency stands at 36 trips per day across all routes, which translates to approximately 8 weekly trips per individual stop.

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

Local health assessments indicate notable challenges based on mortality rates and chronic illnesses, which are somewhat prevalent across both younger and older cohorts, though private health coverage is high, representing approximately 57% of the local population (around 2,136 people) compared to 51.9% in Regional NSW.

The most common medical conditions in the area were found to be arthritis and mental health issues, impacting 10.6% and 9.9% of residents, respectively, while 62.4% declared themselves as completely clear of medical ailments compared to 63.3% across Regional NSW. Working-age residents show above average prevalence of chronic health conditions. The area has 24.1% of residents aged 65 and over (900 people). Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

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

The suburb of Speers Point has below-average levels of cultural diversity, with 87.6% of residents born in Australia, 93.1% holding citizenship, and 93.3% speaking only English at home. The main religious affiliation is Christianity, representing 55.7% of the community, which is similar to the 55.9% average across Regional NSW.

In terms of ancestry (country of birth of parents), the top three represented groups in the suburb of Speers Point are English, comprising 30.9% of the population, Australian, comprising 28.9% of the population, and Irish, comprising 9.6% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Welsh is notably overrepresented at 0.9% of the suburb of Speers Point (vs 0.5% regionally), Scottish at 8.9% (vs 8.0%) and Russian at 0.4% (vs 0.2%).

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

The median age of 45 years in the suburb of Speers Point is slightly higher than the Regional NSW average of 43 and significantly higher than the national median of 38. Compared to the Regional NSW average, the 45 - 54 age group is over-represented at 13.0% of the population, while 25 - 34 year-olds are under-represented at 9.4%. Since 2021, the proportion of residents aged 75 to 84 has risen from 6.8% to 8.1%, and the 85+ cohort has increased from 2.7% to 3.8%. In contrast, the 55 to 64 age group has fallen from 14.7% to 13.5%, and the 45 to 54 group has declined from 14.1% to 13.0%. Demographic models project significant shifts in the age structure of the suburb of Speers Point by 2041, with the 85+ group expected to grow by 98 people (70%) from 142 to 241, while the 55 to 64 and 15 to 24 cohorts are expected to experience population declines.