Sydney (North) - Millers Point

Sydney (North) - Millers Point has seen population growth performance typically on par with national averages when looking at short and medium term trends

Sydney North Millers Point's population was 9,310 as of May 2026. This figure reflects a growth of 1,306 people since the 2021 Census, which recorded a population of 8,004. The increase is inferred from ABS estimated resident population data of 9,305 in June 2025 and an additional 1,250 validated new addresses post-census. This results in a population density of approximately 2,900 persons per square kilometer, placing Millers Point in the upper quartile nationally according to AreaSearch assessments. The area's growth rate of 16.3% since the 2021 Census exceeded both state (7.1%) and Greater Sydney averages. Overseas migration accounted for approximately 94.2% of population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future population trends predict exceptional growth, placing Millers Point in the top 10 percent nationally. By 2041, the area is expected to grow by 8,453 persons based on latest annual ERP population numbers, reflecting a total gain of 90.7% over the 16-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Sydney (North) - Millers Point, placing the area among the bottom 25% of areas assessed nationally

Sydney North - Millers Point has seen approximately 68 dwellings receiving development approval annually. Over the past five financial years, from FY21 to FY25, a total of 341 homes were approved, with one more approved in FY26 so far. On average, about 0.1 new residents have arrived per new home each year over these five years.

This pace suggests that new supply is keeping up with or exceeding demand, providing ample buyer choice and creating capacity for population growth beyond current forecasts. The average construction value of new dwellings is $600,000, indicating a focus on the premium segment by developers. In this financial year alone, there have been $1.216 billion in commercial approvals, suggesting strong local business investment.

Compared to Greater Sydney, Millers Point shows moderately higher development activity, with 45.0% above the regional average per person over the five-year period. This balance supports buyer choice while maintaining current property values, despite a recent slowdown in building activity. Notably, all recent development has been townhouses or apartments, promoting higher-density living and creating more affordable entry points for downsizers, investors, and first-home buyers. Looking ahead, Millers Point is projected to grow by 8,448 residents by 2041, according to the latest AreaSearch quarterly estimate. If current construction levels continue, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.

Sydney (North) - Millers Point has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 120 projects likely to impact the area. Notable projects include Central Barangaroo, Low and Mid-Rise Housing Policy, and Eastern Distributor Maintenance and Upgrades. The following list details those most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment performance in Sydney (North) - Millers Point has been broadly consistent with national averages

Sydney North's Millers Point has a highly educated workforce with professional services strongly represented. Its unemployment rate is 3.6%, lower than Greater Sydney's 4.2%. As of December 2025, 5765 residents are employed and the unemployment rate is 0.5% below Greater Sydney's figure.

Workforce participation is similar to Greater Sydney at 68.8%. According to Census responses, 60.5% of residents work from home. Dominant employment sectors include professional & technical, finance & insurance, and accommodation & food. Finance & insurance employs 2.5 times more than the regional level but health care & social assistance is lower at 7.6%, compared to Greater Sydney's 14.1%.

The area hosts 36.3 workers per resident, functioning as an employment hub attracting external workers. Between December 2024 and 2025, labour force decreased by 0.3% while employment declined by the same percentage, with unemployment remaining stable. Greater Sydney saw employment growth of 2.2% and labour force growth of 2.3%, with marginal unemployment increase. Jobs and Skills Australia's May-25 forecasts suggest national employment will expand by 6.6% over five years and 14.7% over ten years. Applying these projections to Millers Point indicates local employment should increase by 7.4% over five years and 14.5% over ten years, assuming no changes in population projections for illustrative purposes.

The area's income profile falls below national averages based on AreaSearch analysis

The Sydney (North) - Millers Point SA2 had a high national income level according to AreaSearch aggregated ATO data for financial year 2023. The median income among taxpayers was $42,687 and the average income stood at $95,707. These figures compared to Greater Sydney's median of $60,817 and average of $83,003 respectively. Based on a 10.32% Wage Price Index growth since financial year 2023, estimates for March 2026 would be approximately $47,092 (median) and $105,584 (average). Census data showed household, family and personal incomes all ranked highly nationally, between the 89th and 97th percentiles. Income brackets indicated that 33.6% of locals (3,128 people) fell into the $4000+ category, unlike metropolitan trends where 30.9% fell within the $1,500 - 2,999 range. Higher earners made up a substantial presence with 44.4% exceeding $3,000 weekly. High housing costs consumed 21.3% of income, but strong earnings placed disposable income at the 82nd percentile nationally. The area's SEIFA income ranking placed it in the 10th decile.

Sydney (North) - Millers Point features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

In Sydney (North) - Millers Point, as assessed in the latest Census, 0.7% of dwellings were houses, with 99.3% being semi-detached, apartments, or other types. This contrasts with Sydney metropolitan areas' 55.9% houses and 44.1% other dwellings. Home ownership in this area stood at 19.3%, with mortgaged dwellings at 13.0% and rented ones at 67.6%. The median monthly mortgage repayment was $3,000, higher than Sydney metro's average of $2,427. Median weekly rent in the area was $640, compared to Sydney metro's $470. Nationally, mortgage repayments were significantly higher at $1,863, and rents substantially above the national figure of $375.

Sydney (North) - Millers Point features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 48.6% of all households, including 9.1% couples with children, 35.1% couples without children, and 3.2% single parent families. Non-family households account for the remaining 51.4%, with lone person households at 44.6% and group households comprising 6.7%. The median household size is 1.8 people, which is smaller than the Greater Sydney average of 2.7.

Sydney (North) - Millers Point shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Sydney (North) - Millers Point shows significant surpassing of broader benchmarks. Among residents aged 15+, 64.4% hold university qualifications, compared to 30.4% nationally and 32.2% statewide. Bachelor degrees lead the way at 40.5%, followed by postgraduate qualifications (20.6%) and graduate diplomas (3.3%). Vocational pathways account for 18.2% of qualifications among those aged 15+, with advanced diplomas at 11.3% and certificates at 6.9%.

Educational participation is notably high, with 25.1% of residents currently enrolled in formal education. This includes 9.4% in tertiary education, 2.7% in secondary education, and 2.6% pursuing primary education.

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

Sydney's North - Millers Point has 168 active public transport stops offering a mix of ferry, train, light rail, and bus services. These stops are served by 138 routes facilitating 84,296 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 108 meters from the nearest stop. The area, predominantly residential, sees outward commuting patterns: walking at 40%, train at 19%. Vehicle ownership averages 0.2 per dwelling, below regional average. In 2021 Census data (possibly influenced by COVID-19), 60.5% of residents work from home.

Service frequency averages 12,042 trips daily across all routes, equating to approximately 501 weekly trips per stop. The map provided displays the 100 nearest stops to the location's centrepoint.

Sydney (North) - Millers Point's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Sydney's health outcomes show notable superiority based on AreaSearch's evaluation. Mortality rates and chronic condition prevalence are very low across all age groups in Millers Point. Private health cover is exceptionally high at 69% of the total population (6,395 people), compared to Greater Sydney's 59.9% and the national average of 55.7%.

Asthma and mental health issues are the most common conditions, affecting 5.3 and 5.1% respectively. 80.1% of residents report being completely clear of medical ailments, higher than Greater Sydney's 74.6%. The area has 15.2% of residents aged 65 and over (1,414 people). Health outcomes among seniors are strong and align with national rankings.

Sydney (North) - Millers Point is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Sydney North's Millers Point demonstrates significant cultural diversity, with 40.6% of residents speaking a language other than English at home and 58.6% born overseas. Christianity is the predominant religion in this area, comprising 39.4% of the population. Notably, Buddhism is more prevalent here compared to Greater Sydney, making up 7.3% versus 4.1%.

The top three ancestry groups are English (19.1%), Other (17.9%), and Chinese (13.8%), with Chinese being substantially higher than the regional average of 8.4%. Further, there is an overrepresentation of Russian (1.1% vs 0.4%), Korean (1.8% vs 1.1%), and French (1.0% vs 0.5%) ethnic groups in Millers Point compared to Greater Sydney.

Sydney (North) - Millers Point's population is slightly younger than the national pattern

Sydney (North) - Millers Point has a median age of nearly 37 years, closely matching Greater Sydney's average of 37 and slightly below Australia's median of 38. Compared to Greater Sydney, Sydney (North) - Millers Point has a higher proportion of residents aged 25-34 at 30.5%, but fewer residents aged 5-14 at 2.2%. This concentration of 25-34 year-olds is significantly higher than the national average of 14.6%. Between the 2021 Census and the latest data, the proportion of residents aged 25 to 34 has increased from 28.0% to 30.5%, while those aged 15 to 24 have risen from 10.0% to 11.5%. Conversely, the proportion of residents aged 35 to 44 has decreased from 18.5% to 16.9%, and those aged 55 to 64 have dropped from 11.1% to 9.8%. Demographic projections indicate significant changes in Sydney (North) - Millers Point's age profile by 2041, with the 25-34 cohort projected to grow by 92%, adding 2,620 residents to reach a total of 5,460.