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's North - Millers Point population is 9,789 as of August 2025. This reflects an increase of 1,785 people since the 2021 Census, which reported a population of 8,004. The change is inferred from ABS data showing an estimated resident population of 8,927 in June 2024 and an additional 1,247 validated new addresses since the Census date. This results in a population density ratio of 3,049 persons per square kilometer, placing Millers Point in the upper quartile relative to national locations assessed by AreaSearch. The area's growth of 22.3% since the 2021 census exceeds the state's (6.4%) and metropolitan area growth rates, marking it as a growth leader in the region. 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, and NSW State Government's SA2 level projections for areas not covered by this data, released in 2022 with 2021 as the base year. 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 of statistical areas across the nation, with an expected growth of 9,250 persons by 2041 based on latest population numbers, recording a 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 - Millers Point has seen approximately 68 dwellings granted development approval annually. Over the past five financial years, from FY21 to FY25341 homes received approval, with none approved so far in FY26. On average, 0.1 new residents have moved into each newly developed home over these years.

This pace of supply meets or exceeds demand, providing ample buyer options and capacity for population growth beyond current projections. The average expected construction cost per dwelling is $4,656,000, indicating a focus on premium segment properties. Commercial approvals this financial year totalled $1215.5 million, suggesting 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 balances buyer choice while supporting current property values. Recent development has solely consisted of townhouses or apartments, offering affordable entry points for downsizers, investors, and first-home buyers. By 2041, Millers Point is projected to gain 8,374 residents. If current construction levels continue, 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

AreaSearch has identified 116 infrastructure projects that could impact the area. Notable ones include Barangaroo Precinct, Eastern Distributor M1 Maintenance and Upgrades, Pitt Street Metro Over Station Development - North Tower, and Central Barangaroo Development. The following list details those likely to be most relevant.

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

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

Sydney (North) - Millers Point has an educated workforce with strong professional services representation. Its unemployment rate is 3.7%.

Over the past year, employment stability has been relative. As of June 2025, there are 5,960 employed residents, with an unemployment rate of 3.7%, 0.5% below Greater Sydney's rate of 4.2%. Workforce participation is high at 67.1%, compared to Greater Sydney's 60.0%. Key industries include professional & technical services, finance & insurance, and accommodation & food.

Finance & insurance employs 2.5 times the regional average. In contrast, health care & social assistance employs only 7.6% of local workers. The area has 36.3 workers per resident, functioning as an employment hub attracting external workers. Between June 2024 and June 2025, employment levels increased by 0.4%, labour force grew by 0.5%, raising the unemployment rate by 0.1 percentage points. Greater Sydney experienced higher growth rates during this period. As of Sep-25, NSW employment contracted by 0.41%, with a state unemployment rate of 4.3%. National forecasts suggest national employment will grow by 6.6% over five years and 13.7% over ten years. Applying these projections to Sydney (North) - Millers Point's industry mix suggests local growth of approximately 7.4%% over five years and 14.5% over ten years.

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

Sydney (North) - Millers Point has one of the highest national income levels according to AreaSearch aggregated ATO data for financial year 2022. The median income among taxpayers is $42,947 and the average income stands at $107,588. Comparing this with Greater Sydney's figures of $56,994 and $80,856 respectively. Based on a 10.6% increase in wages since financial year 2022, current estimates are approximately $47,499 for median income and $118,992 for average income as of March 2025. According to the 2021 Census, incomes in Sydney (North) - Millers Point rank highly nationally, between the 90th and 98th percentiles for household, family, and personal incomes. Income brackets show that 33.6% of residents earn more than $4,000 weekly, contrasting with the surrounding region where the dominant bracket is $1,500 - 2,999 at 30.9%. Higher earners make up 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 above-average rates of outright home ownership

The dwelling structure in Sydney (North) - Millers Point, as per the latest Census, consisted of 0.7% houses and 99.3% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In contrast, Sydney metropolitan area had 2.3% houses and 97.7% other dwellings. Home ownership in Sydney (North) - Millers Point stood 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 the Sydney metropolitan average of $2,705. The median weekly rent figure in Sydney (North) - Millers Point was recorded at $640, compared to Sydney metro's $550. Nationally, Sydney (North) - Millers Point's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were 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 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 the national average of 30.4% and the NSW 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 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 indicates 132 active 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 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 daily trips 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. Common health conditions have a very low prevalence across all age groups. Private health cover is exceptionally high at approximately 75%, compared to 69.7% in Greater Sydney and 55.3% nationally.

The most prevalent medical conditions are asthma (5.3%) and mental health issues (5.1%). 80.1% of residents report being completely clear of medical ailments, higher than the 77.4% across Greater Sydney. The area has a higher proportion of seniors aged 65 and over at 14.8%, compared to 9.7% in Greater Sydney. Seniors' health outcomes align with those of 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, comprising 39.4%. Judaism is overrepresented at 0.9%, compared to 1.1% regionally.

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 also slightly overrepresented at 1.0%.

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 closely resembling Australia's median age of 38 years. The 25-34 age group constitutes 29.4% of the population, higher than Greater Sydney's percentage but lower than the national average of 14.5%. In contrast, the 5-14 age cohort comprises only 2.4% of the population. From 2021 to present, the 25-34 age group has increased from 28.0% to 29.4%, while the 75-84 age group has grown from 4.9% to 6.0%. Conversely, the 35-44 age group has decreased from 18.5% to 17.2%, and the 65-74 age 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%, adding 2,409 people and reaching a total of 4,094 from its current figure of 1,684.