Question 1

Is Millers Point a nice place to live?

Accepted Answer

Millers Point is a compact, historic harbourside suburb beside The Rocks and Walsh Bay, with narrow cobbled streets, sandstone terraces and timber cottages that recall its maritime past. It has a quieter, village-like feel while sitting close to cultural venues, wharves, waterfront promenades, restaurants, galleries and foreshore walks. Housing ranges from heritage terraces to apartments in converted wharf buildings, many with harbour or bridge views, and practical links to Circular Quay and Wynyard stations and nearby ferry wharves make access easy. Adjacent Walsh Bay’s renewed wharves operate as a major performing arts hub with new theatres, rehearsal spaces and public areas, and the nearby Barangaroo precinct continues to reshape the harbour edge, with a metro station in operation and further mixed-use development planned including a new metro entry and more than two hectares of public open space.

The suburb is small and settled, home to 1,735 people with a median age of 43 and a median household income of $3,160 a week (about $164,300 a year). Family life is dominated by couple families without children (69.7% of families), and dwellings are more often rented than owner-occupied (61.2% renters). That combination of heritage housing, inner-city harbourside location, cultural amenity and ready transport links tends to suit people drawn to inner-city living, particularly couples and renters; whether it suits you will depend on what you want from a suburb.

Question 2

Is it expensive to live in Millers Point?

Accepted Answer

Renting in Millers Point would take a large share of local incomes. Against a typical local household income at the last Census of $3,160 a week, the average house rent of $1,500 a week would be about 47.5% of that income and the average unit rent of $1,300 a week about 41.1%. For renters, those rent shares are the most relevant measure; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Millers Point a good place to invest?

Accepted Answer

Unit values in Millers Point fell 20.2% over the past year, a large decline. Over the same period unit rents rose 18.2%, a strong increase.

Put simply, for units the year brought falling capital value alongside rising rental income. Which of those matters more for you depends on your own investment goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	N/A	-20.2%
Sold Past 3 months	2	4
Median days on market Past 12 months	N/A	51
Average rent Past 12 months	$1500	$1300
Change in rent Past 12 months	N/A	18.2%

Get a property report and suburb profile for any property in Millers Point

Millers Point suburb profile

Millers Point property market performance

5 year median price trend for houses and units

Millers Point demographics

Suburbs near Millers Point

How does Millers Point compare to nearby suburbs?

Choose the right real estate agents in Millers Point

Get a head start and compare top local agents in Millers Point

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market