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, and new addresses validated by AreaSearch, the population of Millers Point is estimated at around 1,933 as of February 2026. This reflects an increase of 198 people (11.4%) 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 six validated new addresses since the Census date. This level of population equates to a density ratio of 7,732 persons per square kilometer, placing Millers Point in the top 10% of national locations assessed by AreaSearch. The suburb's 11.4% growth since the 2021 census exceeded both the state average (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, contributing 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, placing Millers Point in the top 10 percent of national areas. The suburb is expected to expand by 1,876 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 96.4% 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, allocated from statistical area data, shows Millers Point recorded around 3 residential properties granted approval annually over the past five financial years ending June 2021. This totals an estimated 17 homes. So far in FY-26 (ending June 2026), 0 approvals have been recorded.

The population has fallen during this period, suggesting new supply has likely kept up with demand, offering good choice to buyers. Additionally, $3.0 million in commercial development approvals have been recorded this financial year. Compared to Greater Sydney, Millers Point records markedly lower building activity (66.0% below regional average per person), indicating limited commercial development focus. 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 comprised of townhouses or apartments, focusing on higher-density living to create more affordable entry points for downsizers, investors, and first-home buyers. According to AreaSearch's latest quarterly estimate (2021 Q4), Millers Point is projected to add 1,864 residents by 2041. If 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 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 14 projects likely to impact the area. Key projects 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.

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The labour market in Millers Point shows considerable strength compared to most other Australian regions

Millers Point has an educated workforce with strong professional services representation. Its unemployment rate is 2.7%. Over the past year, it maintained relative employment stability.

As of December 2025, 1,176 residents are employed at a rate of 1.4% below Greater Sydney's 4.2%. Workforce participation is slightly lower at 67.5%. A high 64.4% work from home, potentially influenced by Covid-19 lockdowns. Leading industries include professional & technical, finance & insurance, and health care & social assistance.

Professional & technical jobs are notably concentrated, with levels 2.1 times the regional average. Conversely, health care & social assistance is under-represented at 8.8% compared to Greater Sydney's 14.1%. The area hosts more jobs than residents, attracting workers from nearby areas. Between December 2024 and December 2025, labour force decreased by 0.2%, employment declined by 0.2%, keeping unemployment stable at around 2.7%. In contrast, Greater Sydney saw employment grow by 2.2% and labour force expand by 2.3%. National employment forecasts from May-25 project growth of 6.6% over five years and 14.9% over ten years for Millers Point, based on its industry mix.

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

The suburb of Millers Point had one of the top income levels nationally according to AreaSearch analysis of latest ATO data for financial year 2023. Its median taxpayer income was $49,037 and average income stood at $122,845, compared to Greater Sydney's figures of $60,817 and $83,003 respectively. Based on Wage Price Index growth from financial year 2023 to September 2025 (an increase of 8.86%), estimated median income would be approximately $53,382 and average income around $133,729 by that date. Census data shows Millers Point's household, family, and personal incomes rank highly nationally, between the 98th and 99th percentiles. Income distribution indicates 40.8% of residents earn over $4,000 weekly (788 individuals), contrasting with regional levels where the $1,500 - $2,999 bracket leads at 30.9%. A substantial 53.1% of Millers Point residents exceed $3,000 weekly earnings. High housing costs consume 19.1% of income, yet strong earnings place disposable income at the 96th percentile nationally. The suburb'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), contrasting with Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Millers Point stood at 26.0%, lower than Sydney metro's level, with mortgaged dwellings at 12.7% and rented ones at 61.3%. The median monthly mortgage repayment was $3,900, higher than Sydney metro's average of $2,427. The median weekly rent figure in Millers Point was recorded as $800, compared to Sydney metro's $470. Nationally, Millers Point's mortgage repayments were significantly higher at $3,900 against 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 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, 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

Millers Point has a notably high level of educational attainment among its residents aged 15 and above, with 62.3% holding university qualifications. This figure is significantly higher than the national average of 30.4% and the state average of 32.2%. The area's strong educational advantage indicates its readiness for knowledge-based opportunities. Bachelor degrees are the most common qualification in Millers Point 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 at 9.8% and certificates at 8.1%. A substantial portion of the population, 20.5%, is actively pursuing formal education. This includes 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 10 active public transport stops offering a mix of light rail and bus services. These stops are served by 4 routes that collectively facilitate 5,912 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 114 meters from the nearest stop. Most residents commute outward, primarily walking (44%) or using trains (10%). Vehicle ownership averages 0.4 per dwelling, below the regional average. According to the 2021 Census, 64.4% of residents work from home, which may reflect COVID-19 conditions.

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

The most prevalent medical conditions are asthma (6.5%) and arthritis (6.0%). A total of 75.5% of residents report no medical ailments, slightly higher than the 74.6% in Greater Sydney. Millers Point has a higher proportion of seniors aged 65 and over at 20.9%, compared to Greater Sydney's 15.4%. Health outcomes among seniors are strong and align 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 high cultural diversity, with 27.7% speaking a language other than English at home and 48.0% born overseas. Christianity is the main religion, comprising 43.6%. Judaism is overrepresented at 1.2%, compared to Greater Sydney's 0.8%.

The top three ancestry groups are English (24.1%), Other (12.9%), and Australian (12.1%). Notably, Russian (1.0% vs regional 0.4%), Irish (11.9% vs 6.1%) and Spanish (0.9% vs 0.6%) groups are overrepresented.

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 exceeds the national average of 38 years. The age profile shows that those aged 55-64 are particularly prominent at 14.9%, while those aged 5-14 make up only 3.7% of the population, compared to Greater Sydney. Between 2021 and present, the percentage of people aged 75-84 has increased from 6.4% to 7.9%. Conversely, the percentage of those aged 15-24 has decreased from 9.6% to 9.0%. Looking ahead to 2041, demographic projections indicate significant shifts in Millers Point's age structure, with the 35-44 age cohort projected to grow exceptionally, increasing by 466 people (159%) from 293 to 760.