Demographics - Potts Point

PROPERTY MANAGEMENT RESEARCH - POTTS POINT

To better understand the PROPERTY MANAGEMENT potential of your INVESTMENT PROPERTY it is crucial to research the suburb of POTTS POINT. A good starting point is to assess the population demographics of POTTS POINT to understand who are your potential tenants and/or purchasers.

As experienced property managers our property management team uses this information to identify the target market when developing a marketing strategy for your rental property.

This ensures that we provide our landlords with the most accurate advice, achieve the highest rent and attract the best tenants who will look after your valuable investment property.

Unfortunately in most cases the local REAL ESTATE AGENT PROPERTY MANAGEMENT places little importance in keeping up to date with this vital information. Usually because they are either overworked, under staffed or don’t understand the importance.



PERSON CHARACTERISTICS
(Place of usual residence)


PERSON CHARACTERISTICS Selected Region % of total persons in Region Australia % of total persons in Australia

Total persons (excluding overseas visitors) 6,878 - 19,855,288 -
Males 4,010 58.30% 9,799,252 49.40%
Females 2,868 41.70% 10,056,036 50.60%
Indigenous persons (comprises Aboriginal and Torres Strait Islander) 54 0.80% 455,031 2.30%
In the 2006 Census (held on 8th August 2006), there were 6,878 persons usually resident in Potts Point (Suburb): 58.3% were males and 41.7% were females. Of the total population in Potts Point (Suburb) 0.8% were Indigenous persons, compared with 2.3% Indigenous persons in Australia.
AGE Selected Region % of total persons in Region Australia % of total persons in Australia


Age groups:

0-4 years 114 1.70% 1,260,405 6.30%
5-14 years 131 1.90% 2,676,807 13.50%
15-24 years 917 13.30% 2,704,276 13.60%
25-54 years 4,463 64.90% 8,376,751 42.20%
55-64 years 670 9.70% 2,192,675 11.00%
65 years and over
585
8.50% 2,644,374 13.30%


Median age of persons 35 - 37 -
In the 2006 Census 3.6% of the population usually resident in Potts Point (Suburb) were children aged between 0-14 years, and 18.2% were persons aged 55 years and over. The median age of persons in Potts Point (Suburb) was 35 years, compared with 37 years for persons in Australia.
SELECTED CHARACTERISTICS Selected Region % of total persons in Region Australia % of total persons in Australia


Australian citizenship 3,864 56.20% 17,095,569 86.10%
Persons born overseas 1,920 27.90% 4,416,037 22.20%
Overseas visitors (excluded from all other classifications) 698 10.10% 206,358 1.00%
In the 2006 Census, 56.2% of persons usually resident in Potts Point (Suburb) were Australian citizens, 27.9% were born overseas and 10.1% were overseas visitors.
COUNTRY OF BIRTH
MAIN RESPONSES IN SELECTED REGION Selected Region % of total persons in Region Australia % of total persons in Australia


Australia 2,934 42.70% 14,072,944 70.90%
England 386 5.60% 856,939 4.30%
New Zealand 293 4.30% 389,463 2.00%
United States of America 92 1.30% 61,720 0.30%
Thailand 68 1.00% 30,551 0.20%
Germany
62
0.90% 106,525 0.50%
In the 2006 Census, 42.7% of persons usually resident in Potts Point (Suburb) stated they were born in Australia. Other common responses within Potts Point (Suburb) were: England 5.6%, New Zealand 4.3%, United States of America 1.3%, Thailand 1.0% and Germany 0.9%.
LANGUAGE SPOKEN AT HOME
MAIN RESPONSES IN SELECTED REGION Selected Region % of total persons in Region Australia % of total persons in Australia


English only spoken at home 4,087 59.40% 15,581,333 78.50%
Italian 64 0.90% 316,890 1.60%
Thai 60 0.90% 23,641 0.10%
French 60 0.90% 43,217 0.20%
Mandarin 57 0.80% 220,601 1.10%
Spanish 55 0.80% 97,999 0.50%
In the 2006 Census, English was stated as the only language spoken at home by 59.4% of persons usually resident in Potts Point (Suburb). The most common languages other than English spoken at home were: Italian 0.9%, Thai 0.9%, French 0.9%, Mandarin 0.8% and Spanish 0.8%.

RELIGIOUS AFFILIATION
MAIN RESPONSES IN SELECTED REGION Selected Region % of total persons in Region Australia % of total persons in Australia


No Religion 1,592 23.10% 3,706,557 18.70%
Catholic 1,331 19.40% 5,126,882 25.80%
Anglican 761 11.10% 3,718,248 18.70%
Buddhism 185 2.70% 418,755 2.10%
Presbyterian and Reformed 121 1.80% 596,668 3.00%
In the 2006 Census, the most common responses for religious affiliation for persons usually resident in Potts Point (Suburb) were No Religion 23.1%, Catholic 19.4%, Anglican 11.1%, Buddhism 2.7% and Presbyterian and Reformed 1.8%.
MARITAL STATUS (Population aged 15 years and over)
Selected Region
% of persons aged 15 years and over in Region Australia % of persons aged 15 years and over in Australia


Married 1,168 17.60% 7,900,684 49.60%
Never married 4,472 67.40% 5,278,600 33.20%
Separated or divorced 855 12.90% 1,801,979 11.30%
Widowed 132 2.00% 936,813 5.90%
In the 2006 Census, 17.6% of persons aged 15 years and over usually resident in Potts Point (Suburb) were married, 67.4% never married, 12.9% separated or divorced and 2.0% widowed.
LABOUR FORCE (Population aged 15 years and over) Selected Region % of persons in the labour force in Region Australia % of persons in the labour force in Australia


Total labour force (includes employed and unemployed persons) 3,901 - 9,607,987 -
Employed full-time 2,982 76.40% 5,827,432 60.70%
Employed part-time 605 15.50% 2,685,193 27.90%
Employed away from work 99 2.50% 337,991 3.50%
Employed hours not stated 62 1.60% 253,567 2.60%
Unemployed 153 3.90% 503,804 5.20%
Not in the labour force 856 - 5,271,116 -
During the week prior to the 2006 Census, 3,901 people aged 15 years and over who were usually resident in Potts Point (Suburb) were in the labour force. Of these, 76.4% were employed full-time, 15.5% were employed part-time, 2.5% were employed but away from work, 1.6% were employed but did not state their hours worked and 3.9% were unemployed. There were 856 usual residents aged 15 years and over not in the labour force.
OCCUPATION (Employed persons aged 15 years and over) Selected Region % of employed persons aged 15 years and over in Region Australia % of employed persons aged 15 years and over in Australia


Professionals 1,333 35.60% 1,806,010 19.80%
Managers 674 18.00% 1,202,267 13.20%
Clerical and Administrative Workers 465 12.40% 1,365,805 15.00%
Community and Personal Service Workers 401 10.70% 801,906 8.80%
Technicians and Trades Workers 369 9.80% 1,309,258 14.40%
Sales Workers 242 6.50% 896,208 9.80%
Labourers 133 3.50% 952,520 10.50%
Machinery Operators And Drivers 53 1.40% 604,616 6.60%
In the 2006 Census, the most common responses for occupation for employed persons usually resident in Potts Point (Suburb) were Professionals 35.6%, Managers 18.0%, Clerical and Administrative Workers 12.4%, Community and Personal Service Workers 10.7% and Technicians and Trades Workers 9.8%.
INDUSTRY OF EMPLOYMENT (Employed persons aged 15 years and over)
MAIN RESPONSES IN SELECTED REGION Selected Region % of employed persons aged 15 years and over in Region Australia % of employed persons aged 15 years and over in Australia


Defence 426 11.40% 66,810 0.70%
Legal and Accounting Services 198 5.30% 185,423 2.00%
Cafes, Restaurants and Takeaway Food Services 188 5.00% 328,521 3.60%
Accommodation 123 3.30% 117,705 1.30%
Auxiliary Finance and Investment Services 122 3.30% 87,520 1.00%
In the 2006 Census, the most common industries of employment for persons aged 15 years and over usually resident in Potts Point (Suburb) were Defence 11.4%, Legal and Accounting Services 5.3%, Cafes, Restaurants and Takeaway Food Services 5.0%, Accommodation 3.3% and Auxiliary Finance and Investment Services 3.3%.
INCOME (Population aged 15 years and over) Selected Region




Australia







Median individual income ($/weekly) 921 - 466 -
Median household income ($/weekly) 1,133 - 1,027 -
Median family income ($/weekly)
2,265
- 1,171 -
In Potts Point (Suburb), the median weekly individual income for persons aged 15 years and over who were usual residents was $921, compared with $466 in Australia. The median weekly household income was $1,133, compared with $1,027 in Australia. The median weekly family income was $2,265, compared with $1,171 in Australia.
FAMILY CHARACTERISTICS





FAMILY CHARACTERISTICS Selected Region % of total families in Region Australia % of total families in Australia


Total families 828 - 5,219,165 -
Couple families with children 85 10.30% 2,362,582 45.30%
Couple families without children 669 80.80% 1,943,643 37.20%
One parent families 51 6.20% 823,254 15.80%
Other families 23 2.80% 89,686 1.70%
In the 2006 Census, there were 828 families in Potts Point (Suburb): 10.3% were couple families with children, 80.8% were couple families without children, 6.2% were one parent families and 2.8% were other families.
DWELLING CHARACTERISTICS




DWELLING CHARACTERISTICS - PRIVATE DWELLINGS (Includes Visitor only and other not classifiable households) Selected Region % of total occupied private dwellings in Region Australia % of total occupied private dwellings in Australia


Total private dwellings (includes unoccupied private dwellings) 4,568 - 8,426,559 -
Occupied private dwellings: 4,106 - 7,596,183 -
Separate house 111 2.70% 5,685,387 74.80%
Semi-detached, row or   terrace house,   townhouse etc 248 6.00% 702,550 9.20%
Flat, unit or apartment 3,704 90.20% 1,076,315 14.20%
Other dwellings 35 0.90% 127,337 1.70%
Not stated 8 0.20% 4,594 0.10%
In the 2006 Census there were 4,106 occupied private dwellings counted in Potts Point (Suburb): 2.7% were separate houses, 6.0% were semi-detached, row or terrace houses, townhouses etc, 90.2% were flats, units or apartments and 0.9% were other dwellings.
DWELLING CHARACTERISTICS - OCCUPIED PRIVATE DWELLINGS Selected Region
Australia



Median rent ($/weekly) 270 - 190 -
Median housing loan repayment ($/monthly) 1,846 - 1,300 -
Average household size 1.5 - 2.6 -
Average number of persons per bedroom 1.2 - 1.1 -
In Potts Point (Suburb), the median weekly rent was $270, compared to $190 in Australia. The median monthly housing loan repayment was $1,846, compared to $1,300 in Australia. The average household size was 1.5 and the average number of persons per bedroom was 1.2.
TENURE TYPE - OCCUPIED PRIVATE DWELLINGS Selected Region % of total occupied private dwellings in Region Australia % of total occupied private dwellings in Australia


Fully owned 462 11.30% 2,478,264 32.60%
Being purchased (includes being purchased under rent/buy scheme) 582 14.20% 2,448,205 32.20%
Rented (includes rent-free) 1,816 44.20% 2,063,947 27.20%
Other tenure type 10 0.20% 65,715 0.90%
Not stated 1,235 30.10% 540,050 7.10%
In Potts Point (Suburb), 11.3% of occupied private dwellings were fully owned, 14.2% were being purchased and 44.2% were rented.
HOUSEHOLD COMPOSITION - OCCUPIED PRIVATE DWELLINGS Selected Region % of total occupied private dwellings in Region Australia % of total occupied private dwellings in Australia


Family household 826 20.10% 5,122,760 67.40%
Lone person household 1,763 42.90% 1,740,481 22.90%
Group household 261 6.40% 280,856 3.70%






In the 2006 Census in Potts Point (Suburb), 20.1% of occupied private dwellings were family households, 42.9% were lone person households and 6.4% were group households.

LANDLORD TYPE - OCCUPIED PRIVATE DWELLINGS BEING RENTED (including rent free accommodation) Selected Region % of total rented dwellings in Region Australia % of total rented dwellings in Australia


Real estate agent 1,420 78.20% 1,043,198 50.50%
State or Territory housing authority 23 1.30% 306,697 14.90%
Other landlord type 347 19.10% 652,012 31.60%
Landlord type not stated 24 1.30% 62,037 3.00%
In Potts Point (Suburb), of the occupied private dwellings being rented, 78.2% were rented from a real estate agent, 1.3% were rented from a State or Territory housing authority and 19.1% were rented from other landlord type. In comparison, in Australia 50.5% were rented from a real estate agent and 14.9% from a state or territory housing authority.
Data for this QuickStats was collected from the 2006 Census of Population and Housing.


Some values in this QuickStats may have been adjusted to avoid release of confidential data. These adjustments may have a significant impact on the calculated percentages in QuickStats. For further information refer to Introduced Random Error.


For further inquiries contact the ABS National Information and Referral Service on 1300 135 070.


2006 Census Dictionary
Census Data Quality Statement
© Commonwealth of Australia 2007