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 around 9,801 as of Nov 2025. This shows an increase of 1,797 people since the 2021 Census, which reported a population of 8,004 people. The change is inferred from ABS data showing an estimated resident population of 8,923 in June 2024 and an additional 1,255 validated new addresses since the Census date. This results in a density ratio of 3,053 persons per square kilometer, placing it in the upper quartile nationally according to AreaSearch's assessment. The area's growth of 22.5% since the 2021 census exceeded both state (6.7%) and metropolitan area averages, marking it as a growth leader. Overseas migration contributed approximately 93.3% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with 2022 as the base year. For areas not covered by this data, NSW State Government's SA2 level projections released in 2022 with 2021 as the base year are used. Future population trends predict exceptional growth, placing it in the top 10 percent of statistical areas nationally over the period to 2041. Based on latest annual ERP population numbers, the area is expected to grow by 9,250 persons by 2041, reflecting a total gain of 85.3% over the 17 years.

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. Between financial years FY21 and FY25341 homes were approved, with none yet in FY26. On average, 0.1 new residents per year have moved into new homes over the past five financial years.

This pace suggests that new supply is meeting or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts. The average construction value of these dwellings is $4,656,000, indicating a focus on premium properties by developers. Commercial approvals this year totalled $1215.5 million, reflecting strong local business investment.

Compared to Greater Sydney, Millers Point shows moderately higher development activity, with 44.0% more approvals per person over the past five years. This balance supports buyer choice while maintaining property values. However, building activity has slowed in recent years, and all recent developments have been townhouses or apartments, favouring higher-density living and offering more affordable entry points for downsizers, investors, and first-home buyers. According to AreaSearch's latest quarterly estimate, Millers Point is expected to grow by 8,362 residents by 2041. If current construction levels persist, 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 10% nationally

A total of 121 projects have been identified by AreaSearch as potentially impacting the area. These include maintenance upgrades for Eastern Distributor, a Low and Mid-Rise Housing Policy, Barangaroo Precinct development, and One Circular Quay project. The following list details those expected to be most relevant.

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

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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 being strongly represented. The unemployment rate was 3.7% as of June 2025, which is below Greater Sydney's rate of 4.2%.

Workforce participation in the area was 67.1%, higher than Greater Sydney's 60.0%. Key industries of employment among residents are professional & technical services, finance & insurance, and accommodation & food. The area specializes in finance & insurance with an employment share 2.5 times the regional level. Conversely, health care & social assistance employs only 7.6% of local workers compared to Greater Sydney's 14.1%.

As of the Census, there were 36.3 workers for every resident, indicating that Millers Point functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Between June 2024 and June 2025, employment levels increased by 0.4% while labour force increased by 0.5%, causing the unemployment rate to rise by 0.1 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%. As of Nov-25, NSW employment contracted by 0.03% with an unemployment rate of 3.9%, compared to the national unemployment rate of 4.3%. National employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Millers Point's employment mix suggests local employment should increase by 7.4% over five years and 14.5% over ten years, although these are simple weighted extrapolations for illustrative purposes only.

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

Sydney (North) - Millers Point SA2 had one of the highest income levels nationally according to latest ATO data aggregated by AreaSearch for financial year 2022. Its median income among taxpayers was $42,947 and average income stood at $107,588, compared to Greater Sydney's figures of $56,994 and $80,856 respectively. Based on Wage Price Index growth of 12.61% since financial year 2022, estimates as of September 2025 would be approximately $48,363 (median) and $121,155 (average). From the 2021 Census, household, family and personal incomes all ranked highly in Sydney (North) - Millers Point, between the 89th and 97th percentiles nationally. Income brackets showed that the $4000+ bracket dominated with 33.6% of residents (3,293 people), contrasting with the surrounding region where the $1,500 - 2,999 bracket led at 30.9%. Higher earners represented 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 and 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 above-average rates of outright home ownership

In Sydney's North, specifically at Millers Point, as per the latest Census evaluation, dwelling structures consisted of 0.7% houses and 99.3% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. This contrasts with Sydney metropolitan areas which had 2.3% houses and 97.7% other dwellings. Home ownership in Millers Point was higher at 19.3%, compared to the remainder of dwellings that were either mortgaged (13.0%) or rented (67.6%). The median monthly mortgage repayment in the area was $3,000, significantly higher than Sydney's metro average of $2,705. Median weekly rent in Millers Point was recorded at $640, compared to Sydney's metro figure of $550. Nationally, these figures are notably higher with mortgage repayments averaging $1,863 and rents at $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 account for 48.6% of all households, including 9.1% that are couples with children, 35.1% that are couples without children, and 3.2% that are single parent families. Non-family households make up 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 1.9.

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 a significant advantage with 64.4% of residents aged 15+ holding university qualifications compared to the national average of 30.4%. This is also higher than the New South Wales (NSW) average of 32.2%. Bachelor degrees are the most common at 40.5%, followed by postgraduate qualifications at 20.6% and graduate diplomas at 3.3%. Vocational pathways account for 18.2% of qualifications, with advanced diplomas at 11.3% and certificates at 6.9%.

Educational participation is high in the area, 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

Transport analysis indicates 132 operational stops in Sydney's North - Millers Point area, offering a blend of ferry, train, light rail, and bus services. These stops are supported by 139 unique routes, facilitating 69,965 weekly passenger trips collectively. Transport accessibility is deemed excellent, with residents situated an average of 108 meters from the nearest stop.

Service frequency averages 9,995 daily trips across all routes, translating to roughly 530 weekly trips per individual stop.

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 North - Millers Point shows excellent health outcomes, with very low prevalence of common health conditions across all ages. Private health cover rate is exceptionally high at approximately 75% (7,321 people), compared to Greater Sydney's 69.7%. Nationally, the average is 55.3%.

The most prevalent medical conditions are asthma and mental health issues, affecting 5.3 and 5.1% of residents respectively. 80.1% report being completely clear of medical ailments, compared to Greater Sydney's 77.4%. The area has 14.8% (1,452 people) aged 65 and over, higher than Greater Sydney's 9.7%. Health outcomes among seniors are strong, aligning with the general population's health profile.

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 has high cultural diversity, with 40.6% speaking a language other than English at home and 58.6% born overseas. Christianity is the main religion, at 39.4%. Buddhism is overrepresented at 7.3%, compared to Greater Sydney's 7.1%.

The top three ancestral groups are English (19.1%), Other (17.9%), and Chinese (13.8%). Notably, Russian (1.1% vs 0.8%), Korean (1.8% vs 1.1%), and French (1.0% vs 1.1%) are overrepresented.

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

Sydney (North) - Millers Point has a median age of 37, matching Greater Sydney's figure and closely resembling Australia's median age of 38 years. The 25-34 age group is strongly represented at 29.4%, compared to Greater Sydney's percentage. However, the 5-14 cohort is less prevalent at 2.4%. This concentration of individuals aged 25-34 is significantly higher than the national average of 14.5%. From 2021 to present, the 25-34 age group has increased from 28.0% to 29.4%, while the 75-84 cohort has risen from 4.9% to 6.0%. Conversely, the 35-44 cohort has decreased from 18.5% to 17.2%, and the 65-74 group has fallen from 8.7% to 7.5%. By 2041, demographic projections indicate significant shifts in Sydney (North) - Millers Point's age structure. Notably, the 35-44 age group is projected to grow by 143%, reaching 4,094 people from its current figure of 1,686.