Millers Point

Population growth drivers in Millers Point are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Based on ABS population updates and AreaSearch validation, the estimated population of Millers Point as of May 2026 is around 1,931. This shows an increase of 196 people since the 2021 Census, which reported a population of 1,735. The change was inferred from AreaSearch's estimation using latest ERP data release by ABS (June 2025) and six additional validated new addresses since the Census date. This results in a density ratio of 7,724 persons per square kilometer, placing Millers Point in the top 10% of national locations assessed by AreaSearch. The suburb's population growth of 11.3% since the 2021 census exceeded both state (7.1%) and Greater Sydney averages, indicating it as a growth leader in the region. Overseas migration contributed approximately 93.0% 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 where data is not available, released in 2022 with 2021 as the base year. Growth rates by age group are applied to all areas for years 2032 to 2041. According to population projections, Millers Point is predicted to experience exceptional growth, placing it in the top 10 percent of national areas, with an expected expansion of 1,489 persons by 2041, reflecting a total increase of 77.1% over the 16 years.

Residential development activity is lower than average in Millers Point according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Millers Point has recorded approximately three residential properties granted approval annually over the past five financial years, totalling an estimated 17 homes. So far in FY26, zero approvals have been recorded. The average number of new residents arriving per dwelling constructed over these five years is 6.1 per year. This demand outpaces supply, typically putting upward pressure on prices and increasing competition among buyers.

In FY26, $3.0 million in commercial development approvals have been recorded, indicating limited commercial development focus. Compared to Greater Sydney, Millers Point records markedly lower building activity, 66.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established properties. Nationally, this activity is also below average, reflecting the area's maturity and possible planning constraints. Recent development has been entirely comprised of townhouses or apartments, creating more affordable entry points and suiting downsizers, investors, and first-home buyers.

The latest AreaSearch quarterly estimate projects Millers Point to add 1,489 residents by 2041. Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Millers Point has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified 14 projects likely impacting the area. Notable ones include Central Barangaroo, Low and Mid-Rise Housing Policy, and 30-42 Lower Fort Street Heritage Redevelopment. 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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The labour market in Millers Point shows considerable strength compared to most other Australian regions

Millers Point has a highly educated workforce with strong representation in professional services. Its unemployment rate is 2.8%, lower than Greater Sydney's 4.2%. As of December 2025, 1,121 residents are employed, with an unemployment rate of 1.4% below the regional average.

Workforce participation is 63.9%, slightly below Greater Sydney's 68.8%. According to Census responses, 64.4% of residents work from home. Leading employment industries include professional & technical, finance & insurance, and health care & social assistance. The area has a notable concentration in professional & technical services with employment levels at 2.1 times the regional average.

However, health care & social assistance is under-represented, with only 8.8% of Millers Point's workforce compared to Greater Sydney's 14.1%. There are 27.9 workers for every resident, indicating that the area hosts more jobs than residents and attracts workers from surrounding areas. Between December 2024 and December 2025, the labour force decreased by 1.1% while employment declined by 1.1%, keeping the unemployment rate relatively stable. In contrast, Greater Sydney saw employment grow by 2.2% and labour force expand by 2.3%. Jobs and Skills Australia's national employment forecasts from May-25 project that national employment will increase by 6.6% over five years and 13.7% over ten years. Applying these projections to Millers Point's employment mix suggests local employment should increase by 7.7% over five years and 14.9% over ten years.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

The suburb of Millers Point has one of the highest income levels nationally according to AreaSearch aggregating ATO data for the financial year ended June 2023. The median income among taxpayers in Millers Point is $49,037 and the average income stands at $122,845, compared to Greater Sydney's figures of $60,817 and $83,003 respectively. By March 2026, based on a 10.32% growth in wages since June 2023, estimated incomes would be approximately $54,098 (median) and $135,523 (average). Census data shows household, family, and personal incomes in Millers Point rank between the 98th and 99th percentiles nationally. Income distribution indicates that 40.8% of residents earn over $4,000 weekly, contrasting with regional levels where earnings between $1,500 and $2,999 are most common at 30.9%. High housing costs consume 19.1% of income, but strong earnings place disposable income at the 96th percentile nationally. The area's SEIFA income ranking places it in the 10th decile.

Millers Point features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Millers Point's dwelling structures, as per the latest Census, consisted of 1.2% houses and 98.9% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Millers Point was at 26.0%, with mortgaged dwellings at 12.7% and rented ones at 61.3%. The median monthly mortgage repayment in the area was $3,900, higher than Sydney metro's average of $2,427. Median weekly rent in Millers Point was $800, compared to Sydney metro's $470. Nationally, Millers Point's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Millers Point features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households account for 55.7% of all households, including 12.4% that are couples with children, 38.2% that are couples without children, and 3.6% that are single parent families. Non-family households make up the remaining 44.3%, with lone person households at 39.9% and group households comprising 4.8%. The median household size is 1.9 people, which is smaller than the Greater Sydney average of 2.7.

Millers Point shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

In Millers Point, the educational attainment of residents aged 15 and above significantly exceeds national averages. Specifically, 62.3% of residents hold university qualifications, compared to 30.4% in Australia as a whole and 32.2% in New South Wales (NSW). This high level of educational attainment positions the area favourably for opportunities that require knowledge-based skills. Bachelor degrees are the most common qualification at 37.9%, followed by postgraduate qualifications at 20.9% and graduate diplomas at 3.5%.

Vocational pathways account for 17.9% of qualifications among those aged 15 and above, with advanced diplomas making up 9.8% and certificates accounting for 8.1%. Furthermore, 20.5% of the population is actively engaged in formal education. This includes 8.0% pursuing tertiary education, 4.1% in secondary education, and 3.6% pursuing primary education.

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

Millers Point has ten active public transport stops offering a mix of light rail and bus services. These are served by four routes, carrying out 5912 weekly passenger trips in total. Transport access is excellent with residents, on average, located 114 meters from the nearest stop. Most residents commute outward; walking is common at 44%, while 10% use trains. Vehicle ownership averages 0.4 per dwelling, below the regional norm. According to the 2021 Census, 64.4% of residents work from home, which may reflect COVID-19 conditions.

Service frequency across all routes averages 844 trips daily, equating to about 591 weekly trips per individual stop.

Millers Point's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Millers Point shows excellent health outcomes based on AreaSearch's assessment. Mortality rates and chronic condition prevalence were very low across all age groups. Approximately 75% of Millers Point residents had private health cover, compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most common conditions were asthma (6.5%) and arthritis (6.0%). 75.5% of residents reported no medical ailments, slightly higher than the 74.6% in Greater Sydney. Millers Point has 21.1% of residents aged 65 and over (407 people), higher than Greater Sydney's 15.5%. Health outcomes among seniors were strong, aligning with national rankings for the general population.

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

Millers Point has a high level of cultural diversity, with 27.7% of its residents speaking a language other than English at home and 48.0% born overseas. Christianity is the predominant religion in Millers Point, accounting for 43.6% of people. However, Judaism is overrepresented compared to Greater Sydney, making up 1.2% of Millers Point's population versus 0.8%.

In terms of ancestry, English is the most represented group at 24.1%, higher than the regional average of 19.0%. Other and Australian are also notable groups, comprising 12.9% and 12.1% respectively, with Australian being lower than the regional average of 17.8%. There are significant differences in the representation of certain ethnic groups: Russian is overrepresented at 1.0%, Irish at 11.9%, and Spanish at 0.9%.

Millers Point hosts a notably older demographic compared to the national average

The median age in Millers Point is 42 years, which is significantly higher than Greater Sydney's average of 37 years and Australia's national average of 38 years. The 25-34 age group comprises 21.4% of the population in Millers Point, compared to Greater Sydney, while the 5-14 age group makes up 3.3%. This proportion of the 25-34 age group is higher than the national average of 14.6%. According to data from the post-2021 Census, the percentage of the population in the 25-34 age group has increased from 19.2% to 21.4%, while the 75-84 age group has grown from 6.4% to 8.3%. Conversely, the 45-54 age group has declined from 13.9% to 12.3%, and the 55-64 age group has decreased from 14.7% to 13.1%. Population forecasts for the year 2041 indicate substantial demographic changes in Millers Point, with the 35-44 age group projected to grow by 130%, reaching 671 people from its current size of 291 people.