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Neutral Bay is a harbourside suburb on the Lower North Shore of Sydney, New South Wales, Australia. Neutral Bay is around 1.5 kilometres north of the Sydney central business district, in the local government area of North Sydney Council.Neutral Bay takes its name from the bay on Sydney Harbour. Kurraba Point, formerly a locality in Neutral Bay, was declared a separate suburb in 2010, sharing the postcode 2089. Surrounding suburbs include North Sydney, Cammeray, Milsons Point, Cremorne and Cremorne Point.