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 analysis of ABS population updates for the broader area, the estimated population of Millers Point as of Feb 2026 is around 1,933 people. This reflects an increase of 198 people since the 2021 Census, which reported a population of 1,735 people. The change is inferred from the resident population of 1,921 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 6 validated new addresses since the Census date. This level of population equates to a density ratio of 7,732 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch. The suburb's 11.4% growth since the 2021 census exceeded the state (7.8%) and Greater Sydney, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 93.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections, 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. Looking at population projections moving forward, exceptional growth is predicted over the period with the area expected to expand by 1,908 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 98.2% in total over the 17 years.

The level of residential development activity in Millers Point is very low in comparison to the average area assessed nationally by AreaSearch

AreaSearch analysis of ABS building approval numbers shows Millers Point has had around 3 residential properties approved annually over the past five financial years from FY12 to FY16, totalling an estimated 16 homes. No residential approvals have been recorded so far in FY17. The population has fallen during this period, suggesting new supply has kept pace with demand, offering good choice for buyers.

In commercial development, $3.0 million worth of approvals were recorded in FY17, indicating limited focus on commercial development compared to Greater Sydney where Millers Point records 68.0% lower building activity per person. This limited new supply generally supports stronger demand and values for established properties. Nationally, the area's activity is also below average, reflecting its maturity and possible planning constraints. Recent development has been entirely townhouses or apartments, creating more affordable entry points suitable for downsizers, investors, and first-home buyers. AreaSearch projects Millers Point to add 1,899 residents by 2041.

If current construction levels persist, housing supply may lag population growth, intensifying buyer competition and underpinning price growth.

Millers Point has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 14 projects expected to influence the region. Notable initiatives include Barangaroo Precinct, Low and Mid-Rise Housing Policy, Central Barangaroo, 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.

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.

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 2.7%, according to AreaSearch's aggregation of statistical area data. As of September 2025, 1,170 residents are employed while the unemployment rate is 1.4% lower than Greater Sydney's rate of 4.2%.

Workforce participation in Millers Point is slightly below standard at 67.0%, compared to Greater Sydney's 70.0%. Census responses indicate that 64.4% of residents work from home, potentially influenced by Covid-19 lockdowns. The leading employment industries among residents are professional & technical, finance & insurance, and health care & social assistance. Notably, professional & technical services have a high concentration with employment levels at 2.1 times the regional average.

Conversely, health care & social assistance is under-represented, making up only 8.8% of Millers Point's workforce compared to 14.1% in Greater Sydney. The area functions as an employment hub with 27.9 workers for every resident, hosting more jobs than residents and attracting workers from surrounding areas. Between September 2024 and September 2025, the labour force decreased by 1.6% while employment declined by 1.3%, causing the unemployment rate to fall by 0.1 percentage points. In contrast, Greater Sydney saw employment grow by 2.1% and the labour force expand by 2.4%, with unemployment rising by 0.2 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 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, based on a simple weighting extrapolation for illustrative purposes.

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's aggregation of latest ATO data for financial year 2023. The median income among taxpayers in Millers Point is $49,037, with an average income of $122,845. 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, current estimates for Millers Point would be approximately $53,382 (median) and $133,729 (average) as of September 2025. Census data shows that household, family, and personal incomes in Millers Point rank highly nationally, between the 98th and 99th percentiles. Income distribution reveals that 40.8% of individuals earn $4,000 or more weekly, contrasting with regional levels where the $1,500 - $2,999 bracket leads at 30.9%. A significant portion, 53.1%, exceeds $3,000 weekly earnings, indicating strong purchasing power within the community. Despite high housing costs consuming 19.1% of income, disposable income ranks 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 structure, as per the latest Census, consisted of 1.2% houses and 98.9% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 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. The median weekly rent figure for Millers Point was $800, compared to Sydney metro's $470. Nationally, Millers Point's mortgage repayments were significantly higher at $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 constitute 55.7% of all households, including 12.4% couples with children, 38.2% couples without children, and 3.6% single parent families. Non-family households comprise the remaining 44.3%, with lone person households at 39.9% and group households making up 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, a notable 62.3% of residents aged 15 years and above have university qualifications, outperforming national (30.4%) and state (32.2%, NSW) averages. This high educational attainment is dominated by Bachelor degrees at 37.9%. Postgraduate qualifications follow with 20.9%, and graduate diplomas account for 3.5% of all residents aged 15 years and above. Vocational pathways make up 17.9% of qualifications in this age group, with advanced diplomas at 9.8% and certificates at 8.1%.

Currently, 20.5% of the population is actively engaged in education, including 8.0% pursuing tertiary education, 4.1% secondary education, and 3.6% 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 ten active stops operating within Millers Point. These include a mix of light rail and bus services. Four routes serve these stops collectively providing 5912 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 114 meters from the nearest stop. Most residents commute outward, with walking being notably common at 44%. Ten percent use train services.

Vehicle ownership averages 0.4 per dwelling, below regional average. Sixty-four point four percent of residents work from home (2021 Census). Service frequency averages 844 trips daily across all routes, equating to approximately 591 weekly trips per 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's health outcomes data shows excellent results based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Approximately 75% of Millers Point residents have private health cover, compared to Greater Sydney's 59.9% and the national average of 55.7%.

The most prevalent medical conditions are asthma (6.5%) and arthritis (6.0%). 75.5% of residents report being completely clear of medical ailments, slightly higher than Greater Sydney's 74.6%. Millers Point has a larger proportion of seniors aged 65 and over at 20.8%, compared to Greater Sydney's 15.4%. Health outcomes among seniors in Millers Point align with national rankings, similar to 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 population speaking a language other than English at home and 48.0% born overseas. Christianity is the predominant religion in Millers Point, composing 43.6% of the population. Judaism is overrepresented in Millers Point compared to Greater Sydney, comprising 1.2% versus 0.8%.

The top three ancestry groups are English at 24.1%, Other at 12.9%, and Australian at 12.1%. Notably, Russian, Irish, and Spanish ethnicities are overrepresented in Millers Point compared to the regional averages: Russian at 1.0% versus 0.4%, Irish at 11.9% versus 6.1%, and Spanish at 0.9% versus 0.6%.

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

The median age in Millers Point is 43 years, which is higher than Greater Sydney's average of 37 years and also exceeds the national average of 38 years. The age profile shows that those aged 55-64 are particularly prominent, making up 15.2% of the population, while those aged 5-14 are comparatively smaller at 3.6%. Between 2021 and present, the 75 to 84 age group has grown from 6.4% to 7.8% of the population. Conversely, the 35 to 44 cohort has declined slightly from 15.7% to 15.1%. Looking ahead to 2041, demographic projections indicate significant shifts in Millers Point's age structure, with the 35 to 44 age cohort projected to grow exceptionally, expanding by 476 people (163%) from 291 to 768.