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 validations, as of November 2025, Millers Point's estimated population is around 1928. This reflects an increase of 193 people since the 2021 Census, which reported a population of 1735. The change was inferred from the resident population of 1921, estimated by AreaSearch following examination of ABS's latest ERP data release in June 2024, and an additional two validated new addresses since the Census date. This level of population equates to a density ratio of 7712 persons per square kilometer, placing Millers Point in the top 10% of national locations assessed by AreaSearch. The area's 11.1% growth since the 2021 census exceeded both state (7.6%) and metropolitan area levels, marking it as a growth leader. Overseas migration 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 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 ahead, exceptional growth is predicted over this period, with the area expected to expand by 1896 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 98.0%.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Millers Point has recorded around 3 residential properties granted approval annually over the past five financial years ending June 2021. This totals an estimated 16 homes. So far in the financial year 2021-22 (FY-22), 0 approvals have been recorded.

Given population decline over this period, new supply has likely kept up with demand, offering good choice to buyers. Additionally, $3.0 million in commercial development approvals have been recorded in FY-22, indicating limited commercial development focus. When measured against Greater Sydney, Millers Point records markedly lower building activity, 68.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established properties. This activity is also below average nationally, reflecting the area's maturity and possible planning constraints.

Recent development has been entirely comprised of townhouses or apartments. Future projections show Millers Point adding 1,890 residents by 2041, based on AreaSearch's latest quarterly estimate (Q2 2021). 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

Infrastructure changes significantly influence an area's performance. AreaSearch has identified 14 projects likely impacting the area. Notable ones are 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.

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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 professional services well represented. Its unemployment rate was 2.7% as of AreaSearch's aggregation of statistical area data.

As of September 2025, there were 1,177 residents in work, with an unemployment rate of 1.5% below Greater Sydney's rate of 4.2%. Workforce participation was at 65.4%, compared to Greater Sydney's 60.0%. Leading employment industries among residents included professional & technical, finance & insurance, and health care & social assistance. Professional & technical had particularly notable concentration, with employment levels at 2.1 times the regional average.

However, health care & social assistance was under-represented, with only 8.8% of Millers Point's workforce compared to 14.1% in Greater Sydney. The area functioned as an employment hub with 27.9 workers for every resident at the Census. During the year to September 2025, labour force decreased by 1.4%, and employment declined by 1.3%, causing unemployment rate to fall by 0.1 percentage points. This contrasted Greater Sydney's employment growth of 2.1% and labour force expansion of 2.4%. State-level data from 25-Nov showed NSW employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%, favourably comparing to national unemployment rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 projected national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Millers Point's employment mix suggested local employment should increase by 7.7% over five years and 14.9% over ten years, though this was a simple weighting extrapolation for illustrative purposes and did not take into account localised population projections.

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

Millers Point suburb's income level is among the top percentile nationally according to latest ATO data aggregated by AreaSearch for financial year 2023. The suburb's median income among taxpayers is $49,037 and average income stands at $122,845, compared to Greater Sydney's figures of $60,817 and $83,003 respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated incomes as of September 2025 would be approximately $53,382 (median) and $133,729 (average). Census data reveals household, family and personal incomes all rank highly in Millers Point, between the 98th and 99th percentiles nationally. Distribution data shows the $4000+ earnings band captures 40.8% of the community (786 individuals), contrasting with regional levels where the $1,500 - 2,999 bracket leads at 30.9%. Higher earners represent a substantial presence with 53.1% exceeding $3,000 weekly. High housing costs consume 19.1% of income, but strong earnings still place disposable income at the 96th percentile and 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 above-average rates of outright home ownership

Millers Point's dwelling structure in its latest Census evaluation had 1.2% houses and 98.9% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasted with Sydney metro's 2.3% houses and 97.7% other dwellings. Home ownership in Millers Point was at 26.0%, higher than Sydney metro's level. Dwellings were either mortgaged (12.7%) or rented (61.3%). The median monthly mortgage repayment was $3,900, above the Sydney metro average of $2,705. The median weekly rent was $800, compared to Sydney metro's $550. Nationally, 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.

Millers Point features high concentrations of lone person households and group households, with a fairly typical median household size

Family households comprise 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 account for 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 matches the Greater Sydney average.

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

In Millers Point, educational attainment is notably higher than national and state averages. Among residents aged 15 and above, 62.3% possess university qualifications, compared to 30.4% nationally and 32.2% in NSW. This high level of educational attainment positions the area favourably for knowledge-based opportunities. Bachelor degrees are the most prevalent (37.9%), followed by postgraduate qualifications (20.9%) and graduate diplomas (3.5%).

Vocational pathways account for 17.9%, with advanced diplomas at 9.8% and certificates at 8.1%. Currently, 20.5% of the population is actively engaged in formal education, including 8.0% in 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, serving a mix of light rail and bus services. These stops are served by four distinct routes, together facilitating 5,912 weekly passenger trips. Transport accessibility is rated highly, with residents typically situated 114 meters from the nearest stop.

Service frequency averages 844 trips daily across all routes, equating to approximately 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 across all age groups, with very low prevalence of common health conditions. The rate of private health cover stands at approximately 75% of the total population (1,451 people), significantly higher than Greater Sydney's 68.5%, and the national average of 55.7%. Asthma and arthritis are the most prevalent medical conditions in the area, affecting 6.5% and 6.0% of residents respectively.

A majority of residents, 75.5%, report being completely free from medical ailments, slightly lower than Greater Sydney's 77.4%. The area has a higher proportion of seniors aged 65 and over at 20.2% (389 people), compared to Greater Sydney's 9.7%. Health outcomes among seniors in Millers Point are strong, aligning with the overall population's health profile.

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, accounting for 43.6% of people. Judaism is slightly overrepresented compared to Greater Sydney, comprising 1.2% of Millers Point's population versus 1.1%.

The top three ancestry groups are English (24.1%), Other (12.9%), and Australian (12.1%). Notably, Russian, Irish, and Spanish ethnicities are overrepresented in Millers Point compared to regional averages: Russian at 1.0% vs 0.8%, Irish at 11.9% vs 8.5%, and Spanish at 0.9% vs 1.0%.

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

The median age in Millers Point is 43 years, significantly higher than Greater Sydney's average of 37 and the national average of 38. The age profile shows that those aged 25-34 are particularly prominent at 20.6%, while those aged 5-14 are comparatively smaller at 3.6%. This concentration of 25-34 year-olds is well above the national average of 14.5%. Between 2021 and present, the percentage of 25 to 34-year-olds has increased from 19.2% to 20.6%, while those aged 75 to 84 have grown from 6.4% to 7.8%. Conversely, the percentage of those aged 65 to 74 has declined from 11.9% to 11.0%. By 2041, demographic projections indicate significant shifts in Millers Point's age structure, with the 35 to 44 age cohort projected to grow exceptionally by 163%, from 291 to 766 people.