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's North Millers Point had a population of 9,801 as of November 2025, reflecting an increase of 1,797 people since the 2021 Census. The population in June 2024 was estimated at 8,923, with an additional 1,255 validated new addresses since the Census date contributing to this growth. This results in a density ratio of 3,053 persons per square kilometer, placing it in the upper quartile nationally according to AreaSearch's assessments. The area's population grew by 22.5% between the 2021 Census and June 2024, surpassing the state's growth rate of 6.7%. Overseas migration accounted for approximately 93.3% of overall population gains during recent periods. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and NSW State Government's SA2 level projections for areas not covered by this data, released in 2022 with a base year of 2021.

Growth rates by age group are applied to all areas for the years 2032 to 2041. Future population trends predict exceptional growth, placing it in the top 10 percent nationally, with an expected increase of 9,250 persons by 2041 based on the latest annual ERP population numbers, 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 granted development approval annually. Between financial years FY21 and FY25, a total of 341 homes were approved, with none yet approved in FY26. On average, over the past five financial years, 0.1 new residents per year arrived for each new home approved.

This indicates that new supply is meeting or exceeding demand, providing ample buyer options and allowing for population growth beyond current projections. The average value of new dwellings under development is $600,000, suggesting a focus on the premium segment with upscale properties. In FY26, commercial approvals have reached $1215.5 million, indicating strong local business investment.

Compared to Greater Sydney, Millers Point shows moderately higher development activity, with 44.0% above the regional average per person over the past five years. This balances buyer choice while supporting current property values. However, building activity has slowed in recent years, and all recent developments have been townhouses or apartments, fostering affordable entry points for downsizers, investors, and first-home buyers. According to AreaSearch's latest quarterly estimate, Sydney North - Millers Point is projected to grow by 8,362 residents by 2041. If current construction levels persist, housing supply may lag 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 in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 121 such projects likely to impact the area. Notable ones include Eastern Distributor Maintenance and Upgrades, Low and Mid-Rise Housing Policy, Barangaroo Precinct, and One Circular Quay. The following list details those most relevant.

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

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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 professional services well-represented. Its unemployment rate is 3.7%.

As of September 2025, there are 5,742 residents employed, with an unemployment rate at 0.5% below Greater Sydney's rate of 4.2%. Workforce participation stands at 67.1%, compared to Greater Sydney's 60.0%. Dominant employment sectors include professional & technical, finance & insurance, and accommodation & food. Finance & insurance employs 2.5 times the regional average while health care & social assistance is below the regional level at 7.6%.

There are 36.3 workers for every resident, indicating it functions as an employment hub attracting workers from surrounding areas. Between September 2024 and September 2025, labour force decreased by 1.5% while employment declined by 1.3%, leading to a fall in unemployment rate of 0.2 percentage points. In comparison, Greater Sydney saw employment growth of 2.1%. State-level data from NSW as at 25-Nov shows employment contracted by 0.03%, with an unemployment rate of 3.9%, favourable compared to the national rate of 4.3%. National employment forecasts 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, assuming constant 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 exceptionally high national income levels according to latest ATO data aggregated by AreaSearch for financial year 2022. The median income among taxpayers was $42,947 and the 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, current estimates would be approximately $48,363 (median) and $121,155 (average) as of September 2025. Census data reveals household, family and personal incomes all rank highly in Sydney (North) - Millers Point, between the 89th and 97th percentiles nationally. Income brackets indicate that 33.6% of locals (3,293 people) fall within the $4000+ category, 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, 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

Dwelling structure in Sydney (North) - Millers Point, as per the latest Census, comprised 0.7% houses and 99.3% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In comparison, Sydney metropolitan area had 2.3% houses and 97.7% other dwellings. Home ownership in Sydney (North) - Millers Point was higher at 19.3%, with the rest either mortgaged (13.0%) or rented (67.6%). The median monthly mortgage repayment in the area was $3,000, significantly higher than the Sydney metro average of $2,705 and the national average of $1,863. Median weekly rent in the area was $640, substantially higher than both Sydney metro's $550 and 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 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 state average of 32.2%. 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 making up 11.3% and certificates 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

Public transport analysis shows 132 active transport stops operating within Sydney (North) - Millers Point. These include a mix of ferry, train, light rail, and bus services. There are 139 individual routes servicing these stops, collectively providing 69,965 weekly passenger trips.

Transport accessibility is rated excellent, with residents typically located 108 meters from the nearest transport 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 health conditions across all ages. Private health cover 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% declare no medical ailments, higher than Greater Sydney's 77.4%. Residents aged 65 and over comprise 14.8% (1,452 people), more than Greater Sydney's 9.7%. Seniors' health outcomes align with the general population's 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 main religion, comprising 39.4%. Buddhism is overrepresented at 7.3%, compared to Greater Sydney's 7.1%.

Top ancestry groups are English (19.1%), Other (17.9%), and Chinese (13.8%). Notably, Russian (1.1% vs regional 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

The median age of Sydney (North) - Millers Point is 37 years, matching Greater Sydney's figure and remaining comparable to Australia's median age of 38 years. The 25-34 age group makes up a strong 29.4% in Sydney (North) - Millers Point compared to Greater Sydney, while the 5-14 cohort is less prevalent at 2.4%. This concentration of the 25-34 age group is well above the national figure of 14.5%. From 2021 to present, the 25-34 age group has grown from 28.0% to 29.4%, while the 75-84 cohort increased from 4.9% to 6.0%. Conversely, the 35-44 cohort declined from 18.5% to 17.2%, and the 65-74 group dropped from 8.7% to 7.5%. Looking ahead to 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.