Milsons Point

Milsons Point lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

The population of Milsons Point is estimated at around 2,886 as of May 2026. This figure reflects an increase of 357 people since the 2021 Census, which reported a population of 2,529. The change was inferred from the resident population estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 116 validated new addresses since the Census date. This level of population equates to a density ratio of 14,430 persons per square kilometer, placing Milsons Point in the top 10% of national locations assessed by AreaSearch. The suburb's 14.1% growth since the 2021 census exceeded both the SA4 region (5.9%) and the SA3 area, marking it as a growth leader in the region. Population growth was primarily driven by overseas migration contributing approximately 84.0% 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. Based on aggregated SA2-level projections, Milsons Point is forecasted to expand by 828 persons to 2041, reflecting a gain of 28.7% in total over the 16 years.

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

Milsons Point has recorded only 2 dwelling approvals in the past five years. This indicates a largely developed suburb with limited potential for new construction. The scarcity of new supply often supports demand for established properties and can contribute to price stability.

Compared to Greater Sydney, Milsons Point has significantly less development activity, being 93.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing homes. Furthermore, this level of activity is also under the national average, suggesting the area's established nature and potential planning limitations.

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

Area infrastructure changes significantly influence performance. Three key projects identified by AreaSearch may impact the region: Kurraba Point Luxury Development by PB & Co., Affinity Place, Victoria Cross Station and Tower, and Warada on Walker. Relevant details are listed below.

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.

Employment conditions in Milsons Point demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Milsons Point has a highly educated workforce. The technology sector is notably represented, with an unemployment rate of 3.1% and estimated employment growth of 1.1% in the past year, according to AreaSearch's aggregation of statistical area data. As of December 2025, 1858 residents are employed while the unemployment rate is 1.0% lower than Greater Sydney's rate of 4.2%.

Workforce participation stands at 70.9%, compared to Greater Sydney's 68.8%. Census responses indicate that 70.5% of residents work from home, though Covid-19 lockdown impacts should be considered. Dominant employment sectors include professional & technical, finance & insurance, and health care & social assistance. Milsons Point specializes in professional & technical jobs, with an employment share 2.1 times the regional level.

Conversely, construction is under-represented, at 4.4% compared to Greater Sydney's 8.6%. The area hosts more jobs than residents, with a ratio of 3.8 workers per resident. Over the past year, employment increased by 1.1%, while labour force grew by 1.7%, leading to an unemployment rate rise of 0.5 percentage points. By comparison, Greater Sydney recorded employment growth of 2.2% and labour force growth of 2.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Milsons Point. These projections estimate national employment growth at 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to Milsons Point's employment mix indicates local employment should increase by 7.7% over five years and 15.1% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localized population projections.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for financial year ending June 2023 shows that Milsons Point suburb has top percentile national income. The median assessed income is $89,480 and the average income stands at $160,033. This contrasts with Greater Sydney's median income of $60,817 and average income of $83,003. Based on Wage Price Index growth of 10.32% from financial year ending June 2023 to March 2026, estimated incomes would be approximately $98,714 (median) and $176,548 (average). Census 2021 income data shows Milsons Point's household, family, and personal incomes rank highly nationally, between the 98th and 99th percentiles. Distribution data shows 42.6% of the population (1,229 individuals) fall within the $4000+ income range, differing from the regional majority in the $1,500 - 2,999 category at 30.9%. Economic strength is evident with 55.0% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. High housing costs consume 15.9% of income, but strong earnings place disposable income at the 97th percentile nationally. The area's SEIFA income ranking places it in the 10th decile.

Milsons Point features a more urban dwelling mix with significant apartment living, with above-average rates of outright home ownership

Milsons Point's dwelling structure, as per the latest Census, had 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Milsons Point was 28.9%, similar to Sydney metro, with mortgaged dwellings at 13.9% and rented ones at 57.2%. The median monthly mortgage repayment in the area was $2,800, higher than Sydney metro's $2,427. Median weekly rent in Milsons Point was $750, compared to Sydney metro's $470. Nationally, Milsons Point's mortgage repayments were significantly higher at $1,863 and rents substantially above the national figure of $375.

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

Family households account for 57.1% of all households, including 12.3% that are couples with children, 37.5% that are couples without children, and 6.2% that are single parent families. Non-family households make up the remaining 42.9%, with lone person households at 40.4% and group households comprising 2.4% of the total. The median household size is 1.8 people, which is smaller than the Greater Sydney average of 2.7.

Educational achievement in Milsons Point places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Milsons Point's residents aged 15 years and above have a higher educational attainment than national averages. Specifically, 68.7% hold university qualifications, compared to Australia's 30.4% and NSW's 32.2%. Bachelor degrees are the most common at 41.5%, followed by postgraduate qualifications (23.1%) and graduate diplomas (4.1%). Vocational pathways account for 15.8%, with advanced diplomas at 9.5% and certificates at 6.3%.

Notably, 20.3% of the population is actively pursuing formal education, including 8.3% in tertiary education, 3.7% in secondary education, and 3.1% in primary education.

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

Milsons Point has 17 active public transport stops operating within its boundaries. These include a mix of ferry, train, and bus services. There are 45 individual routes servicing these stops, collectively providing 10,351 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 68 meters from the nearest stop. Most residents commute outward due to its primarily residential nature. Car remains the dominant mode of transport at 54%, followed by train at 28% and walking at 11%.

Vehicle ownership averages 0.4 per dwelling, below the regional average. According to the 2021 Census, a high 70.5% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 1,478 trips per day across all routes, equating to approximately 608 weekly trips per individual stop.

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

Milsons Point's health outcomes show exceptional 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. Private health cover is exceptionally high at approximately 90% of the total population (2,592 people), compared to 59.9% in Greater Sydney and the national average of 55.7%.

Arthritis and mental health issues are the most common medical conditions, affecting 5.7% and 5.5% of residents respectively. A total of 76.2% of residents declare themselves completely clear of medical ailments, compared to 74.6% in Greater Sydney. The area has 24.5% of residents aged 65 and over (707 people), higher than the 15.5% in Greater Sydney. Health outcomes among seniors are particularly strong, with national rankings broadly in line with the general population.

Milsons 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

Milsons Point has a high level of cultural diversity, with 36.7% of its population speaking a language other than English at home and 54.0% born overseas. Christianity is the predominant religion in Milsons Point, comprising 43.7% of the population. Judaism is overrepresented compared to Greater Sydney, making up 0.9% of Milsons Point's population versus 0.8%.

The top three ancestry groups are English (20.7%), Chinese (17.1%), and Other (13.4%). Notably, French (1.1%) Spanish (1.0%), and Korean (1.6%) ethnicities are overrepresented compared to regional averages of 0.5%, 0.6%, and 1.1% respectively.

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

Milsons Point's median age is 44, surpassing Greater Sydney's figure of 37 and significantly exceeding the national average of 38. The 65-74 age group constitutes 13.0% of Milsons Point's population compared to Greater Sydney, while the 5-14 cohort makes up only 3.4%. According to the 2021 Census, the 75 to 84 age group has increased from 8.0% to 9.3% of the population. Conversely, the 25 to 34 cohort has decreased from 21.0% to 19.8%. By 2041, demographic modeling indicates significant changes in Milsons Point's age profile. The 65 to 74 group is projected to grow by 54%, reaching 578 people from the current 375. This growth will be led by those aged 65 and above, who are expected to comprise 69% of the population increase. Meanwhile, the 0 to 4 cohort is projected to decline by 3 people.