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 is 8,934 as of Nov 2025. This shows an increase of 930 people since the 2021 Census, which recorded a population of 8,004. The growth is inferred from ABS's estimated resident population of 8,913 in June 2024 and 1,255 new addresses validated since the Census date. This results in a population density of 2,783 persons per square kilometer, placing it in the upper quartile nationally according to AreaSearch assessments. The area's growth of 11.6% since the 2021 Census exceeded both state (7.6%) and Greater Sydney figures, making it a 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 released in 2022 with a base year of 2021 are used. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future trends predict exceptional growth, placing the area in the top 10 percent nationally, with an expected increase of 9,250 persons by 2041 based on latest annual ERP population numbers, reflecting a total gain of 103.3% 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 granted development approval annually. Over the past five financial years, from FY21 to FY25, around 341 homes were approved, with no approvals yet in FY26. On average, 0.1 new residents per year settled into each newly approved home between FY21 and FY25.

This pace suggests that new supply is meeting or exceeding demand, providing ample buyer options while supporting population growth beyond current projections. The average construction cost of these dwellings was $600,000, indicating a focus on the premium segment with upscale properties. In the current financial year, commercial approvals totalled $1.216 billion, reflecting strong local business investment.

Compared to Greater Sydney, Millers Point exhibits moderately higher development activity, balancing buyer choice while supporting property values. However, building activity has slowed in recent years, and all recent developments have been townhouses or apartments, promoting higher-density living that creates more affordable entry points for downsizers, investors, and first-home buyers. By 2041, Millers Point is projected to gain around 9,229 residents, according to the latest AreaSearch quarterly estimate. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and driving price increases.

Sydney (North) - Millers Point has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Area infrastructure performance is significantly influenced by changes to local infrastructure projects and planning initiatives. AreaSearch has identified 121 such projects likely to impact the area. Notable projects include Barangaroo Precinct, Low and Mid-Rise Housing Policy, Eastern Distributor Maintenance and Upgrades, and Cockle Bay Park (Cockle Bay Wharf Redevelopment). 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.

Despite maintaining a low unemployment rate of 3.7%, Sydney (North) - Millers Point has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Sydney North's Millers Point has a highly educated workforce with strong professional services representation and an unemployment rate of 3.7%. As of September 2025, there are 5,742 residents in work, which is 0.5% below Greater Sydney's rate of 4.2%, while workforce participation is similar at 70.0%. According to Census responses, 60.5% of residents work from home, potentially influenced by Covid-19 lockdowns.

Dominant employment sectors include professional & technical, finance & insurance, and accommodation & food services. The area specializes in finance & insurance with an employment share of 2.5 times the regional level, while health care & social assistance employs only 7.6% of local workers compared to Greater Sydney's 14.1%. There are 36.3 workers for every resident, indicating Millers Point functions as an employment hub attracting workers from surrounding areas. Between September 2024 and September 2025, the labour force decreased by 1.5% while employment declined by 1.3%, resulting in a fall of 0.2 percentage points in unemployment rate.

In contrast, Greater Sydney recorded employment growth of 2.1%. National employment forecasts from Jobs and Skills Australia project national employment to expand by 6.6% over five years and 14.7% 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, though this is a simplified extrapolation for illustrative purposes.

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

The median income among taxpayers in Sydney (North) - Millers Point SA2 is $42,687 according to the latest ATO data aggregated by AreaSearch for financial year 2023. The average income stands at $95,707. These figures compare to Greater Sydney's median and average incomes of $60,817 and $83,003 respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated current incomes are approximately $46,469 (median) and $104,187 (average) as of September 2025. Census data reveals that household, family and personal incomes in Sydney (North) - Millers Point rank highly nationally, between the 89th and 97th percentiles. The predominant income bracket spans 33.6% of locals (3,001 people) with earnings over $4000 weekly, unlike metropolitan trends where 30.9% fall within the $1,500 - 2,999 range. Higher earners represent a substantial presence with 44.4% exceeding $3,000 weekly. High housing costs consume 21.3% of income, but strong earnings place disposable income at the 82nd percentile nationally. 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 a higher proportion of rental properties than the broader region

In Sydney (North) - Millers Point, as per the latest Census, 0.7% of dwellings were houses while 99.3% consisted of semi-detached units, apartments, and other types. This contrasts with Sydney metropolitan area's 55.9% houses and 44.1% other dwellings. Home ownership in Millers Point was at 19.3%, with mortgaged dwellings at 13.0% and rented ones at 67.6%. The median monthly mortgage repayment in the area was $3,000, higher than Sydney metro's average of $2,427. Median weekly rent in Millers Point was recorded at $640 compared to Sydney metro's $470. Nationally, mortgage repayments in Millers Point 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, 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 a significant advantage with 64.4% of residents aged 15 and above holding university qualifications. This compares to national figures of 30.4% for Australia and 32.2% for New South Wales. 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 notably 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

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 different routes, facilitating 84,296 weekly passenger trips in total. The area boasts excellent transport accessibility, with residents located an average of 108 meters from the nearest stop. Primarily residential, most commuters travel outward, with walking being the most common mode at 40%, followed by train at 19%. Vehicle ownership stands at 0.2 per dwelling, below the regional average. According to the 2021 Census, 60.5% of residents work from home, potentially due to COVID-19 conditions.

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

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 based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 69% of the total population of 6,137 people, compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most common medical conditions are asthma (5.3%) and mental health issues (5.1%). 80.1% of residents declare themselves completely clear of medical ailments, higher than the 74.6% across Greater Sydney. The area has 14.8% of residents aged 65 and over (1,324 people). Health outcomes among seniors are strong, aligning with national rankings for the general population.

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 predominant religion, at 39.4%. Buddhism is overrepresented compared to Greater Sydney, at 7.3%.

The top three ancestral groups are English (19.1%), Other (17.9%), and Chinese (13.8%), higher than regional averages. Notably, Russian (1.1%) Korean (1.8%), and French (1.0%) ethnicities are overrepresented compared to Greater Sydney's figures of 0.4%, 1.1%, and 0.5% respectively.

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

Sydney (North) - Millers Point has a median age of 37, which is equal to Greater Sydney's figure and comparable to Australia's 38 years. The 25-34 age group makes up 29.4%, higher than Greater Sydney's percentage and significantly above the national average of 14.5%. In contrast, the 5-14 cohort is less prevalent at 2.4%. 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%. During this period, the 35-44 cohort has declined from 18.5% to 17.2%, and the 65-74 group has dropped from 8.7% to 7.5%. Looking ahead to 2041, demographic projections show significant shifts in Sydney (North) - Millers Point's age structure. Notably, the 25-34 group is projected to grow by 100%, adding 2,635 people and reaching a total of 5,266 from its current figure of 2,630.