Flats, apartments and two bedrooms or fewer
Flats and apartments make up 80% of occupied homes in Neutral Bay, above the 22% across New South Wales. Separate houses account for 8%, below the state's 66%, and townhouses, terraces or semi-detached houses for 11%, below the state's 12%.
Homes with two bedrooms or fewer come to 68% of homes in Neutral Bay, above the 30% across New South Wales. Three-bedroom homes make up 25%, below the state's 35%, and homes with four or more bedrooms 6%, below the 34% across the state. On Census night in 2021, 13% of private dwellings in Neutral Bay were unoccupied, above the state's 9%.
Higher incomes, higher rents, more renters
In Neutral Bay, 52% of households rent, above the 33% across New South Wales, and 86% of those renting households rent from a landlord the ABS records as a real estate agent, above the state's 69%. Households paying off a mortgage come to 22%, below the state's 33%, and outright owners to 24%, below the 32% across New South Wales.
Median household income in Neutral Bay is $2,443 a week, above the $1,829 across New South Wales. Median rent is $550 a week, above the state's $420, and the median mortgage repayment is $2,895 a month, above the state's $2,167. This page divides the median rent by the median weekly income of all Neutral Bay households, renters or not, and reaches 23%, the same as for New South Wales. That is a comparison of two medians and not what renters pay.
Two people to a household in Neutral Bay
An average household in Neutral Bay holds 2 people, below the 2.6 across New South Wales, which suggests fewer people sharing each home than across the state. At the 2021 Census, 10,090 people lived in the suburb of Neutral Bay. Their median age was 38 years, below the 39 across New South Wales. The 2021 Census asked people aged five and over where they lived in 2016. In Neutral Bay, 40% gave the same address, below the 54% across New South Wales.