Sydney (North) - Millers Point
Statistical Area - sa2

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's Millers Point population is 9,789 as of Aug 2025. From the 2021 Census, it grew by 1,785 people to reach this number, a 22.3% increase from its previous population of 8,004. This growth can be inferred from ABS's estimated resident population of 8,927 in June 2024 and the addition of 1,247 validated new addresses since the Census date. The population density is 3,049 persons per square kilometer, placing it in the upper quartile nationally according to AreaSearch assessments. Millers Point's growth rate exceeded both state (6.4%) and metropolitan area levels, making it a regional growth leader. Overseas migration contributed approximately 93.3% of overall population gains recently.

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, NSW State Government's SA2 level projections from 2022 using a 2021 base year are applied. Growth rates by age group from these aggregations are used for all areas from 2032 to 2041. Future trends predict exceptional growth, with Millers Point expected to grow by 9,250 persons to 2041 based on latest numbers, a total gain of 85.5% 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's Millers Point has seen approximately 68 dwellings granted development approval annually. Over the past five financial years, from FY21 to FY25, around 341 homes received approval, with none yet approved in FY26. On average, about 0.1 new residents have arrived per new home each year over these five years, indicating that new supply is meeting or exceeding demand and providing ample buyer options while also allowing for population growth beyond current projections.

The average construction cost of new dwellings has been $4,656,000, suggesting a focus on the premium segment with upmarket properties. This financial year has seen around $1215.5 million in commercial approvals, indicating strong local business investment. Compared to Greater Sydney, Millers Point shows moderately higher development activity, at 44.0% above the regional average per person over the past five years.

This balances buyer choice with support for current property values, though building activity has slowed in recent years. Recent development has been exclusively townhouses or apartments, creating more affordable entry points and appealing to downsizers, investors, and first-home buyers. By 2041, Millers Point is projected to grow by approximately 8,374 residents. 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 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 121 projects potentially impacting the region. Notable initiatives include Barangaroo Precinct, Eastern Distributor Maintenance and Upgrades, Pitt Street Metro Over Station Development - North Tower, and Low and Mid-Rise Housing Policy. 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 - Millers Point has an educated workforce with professional services well-represented. Its unemployment rate was 3.7% in June 2024, 0.5% below Greater Sydney's rate of 4.2%.

Workforce participation was 67.1%, higher than Greater Sydney's 60.0%. Key industries are professional & technical (38%), finance & insurance (24%), and accommodation & food (9%). Finance & insurance employment is high, at 2.5 times the regional level, while health care & social assistance employs fewer locals (7.6%) than Greater Sydney (14.1%). The area hosts more jobs than residents, with a worker-to-resident ratio of 36.3.

Between June 2024 and June 2025, employment levels increased by 0.4%, labour force grew by 0.5%, and unemployment rose by 0.1 percentage points. National employment forecasts from Jobs and Skills Australia (May 2025) project growth of approximately 7.4% over five years and 14.5% over ten years for Sydney North - Millers Point, based on its industry mix.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

Sydney (North) - Millers Point's income level is among the top percentile nationally according to latest ATO data aggregated by AreaSearch for financial year 2022. Its median income among taxpayers is $42,947 and average income stands at $107,588. These figures compare to Greater Sydney's median of $56,994 and average of $80,856 respectively. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates would be approximately $48,363 (median) and $121,155 (average) as of September 2025. From the 2021 Census, household, family and personal incomes all rank highly in Sydney (North) - Millers Point, between the 90th and 98th percentiles nationally. Income brackets indicate that 33.6% of residents (3,289 people) fall into the $4000+ bracket, contrasting with the surrounding region where the $1,500 - 2,999 bracket leads at 30.9%. Higher earners represent a substantial presence with 44.4% exceeding $3,000 weekly. High housing costs consume 21.3% of income, though strong earnings still place disposable income at the 82nd percentile and the area's SEIFA income ranking places 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 (North) - Millers Point, as per the latest Census, 0.7% of dwellings were houses while 99.3% consisted of semi-detached homes, apartments, and other types. This contrasts with Sydney metropolitan area's figures of 2.3% houses and 97.7% other dwellings. Home ownership in Millers Point stood at 19.3%, higher than the Sydney metro average. Dwellings were either mortgaged (13.0%) or rented (67.6%). The median monthly mortgage repayment was $3,000, significantly higher than the Sydney metro average of $2,705 and the Australian average of $1,863. Median weekly rent in Millers Point was $640, substantially above the Sydney metro figure of $550 and the national average 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% that are couples with children, 35.1% that are couples without children, and 3.2% that are single parent families. Non-family households account for the remaining 51.4%, with lone person households making up 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 and above holding university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are the most common at 40.5%, followed by postgraduate qualifications (20.6%) and graduate diplomas (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, with 25.1% of residents currently enrolled in formal education, including 9.4% in tertiary, 2.7% in secondary, and 2.6% in primary education.

There are eight schools operating within the area, educating approximately 2,808 students. The area has above-average socio-educational conditions with an ICSEA score of 1073. The educational mix includes two primary, three secondary, and three K-12 schools. Sydney (North) - Millers Point functions as an education hub with 28.7 school places per 100 residents, significantly above the regional average of 7.7, attracting students from surrounding communities.

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

Transport analysis shows 132 active transport stops in Sydney's North - Millers Point area, offering a mix of ferry, train, light rail, and bus services. These stops are served by 139 individual routes, collectively facilitating 69,965 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 108 meters from the nearest stop.

Service frequency averages 9,995 trips per day across all routes, equating to approximately 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 conditions across all ages. Private health cover stands at approximately 75% (7,312 people), compared to Greater Sydney's 69.7%. Nationally, this figure is 55.3%.

Asthma and mental health issues are the most prevalent conditions, affecting 5.3% and 5.1% respectively. 80.1% of residents report no medical ailments, compared to 77.4% in Greater Sydney. The area has a higher proportion of seniors (14.8%, or 1,450 people) than Greater Sydney's 9.7%. Health outcomes among seniors are strong and align 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 shows high cultural diversity, with 40.6% speaking a language other than English at home and 58.6% born overseas. Christianity is the predominant religion, at 39.4%. Judaism is overrepresented compared to Greater Sydney, comprising 0.9% versus 1.1%.

Top ancestry groups are English (19.1%), Other (17.9%), and Chinese (13.8%). Notably, Russian (1.1%) and Korean (1.8%) are overrepresented compared to regional averages of 0.8% and 1.1%, respectively. French is similarly represented at 1.0%.

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 aligning with Australia's median age of 38 years. The 25-34 age group is strongly represented at 29.4%, compared to Greater Sydney's percentage. Conversely, 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%. Between 2021 and the present day, the proportion of the population aged 25 to 34 has increased from 28.0% to 29.4%, while the 75 to 84 age group has grown from 4.9% to 6.0%. During this period, the 35 to 44 cohort has decreased from 18.5% to 17.2%, and the 65 to 74 group has dropped from 8.7% to 7.5%. Looking forward to 2041, demographic projections indicate substantial shifts in Sydney (North) - Millers Point's age structure. Notably, the 35 to 44 age group is projected to grow by 143%, adding 2,409 people and reaching a total of 4,094 individuals from its current figure of 1,684.