All Suburbs

Millers Point

NSW 2000LGA: City of Sydney

Investment Score

82

/100

AI Intelligence Summary

Millers Point is one of Sydney's most prestigious and historically significant waterfront suburbs, located just minutes from Circular Quay in the heart of the harbour city. With a small population of approximately 350 residents, this exclusive enclave offers unparalleled access to Sydney's CBD, Opera House, and Harbour Bridge. The suburb has undergone dramatic transformation following the NSW Government's public housing privatisation program, resulting in a shift towards affluent owner-occupiers and significant property price appreciation. The area features a unique mix of heritage-listed terraces, converted warehouses, and modern apartments, all set against the backdrop of Sydney Harbour. While retail and dining options within the suburb are limited, residents enjoy world-class amenities within walking distance at Circular Quay and The Rocks. The community is characterised by heritage preservation advocacy and a strong sense of place, with excellent public transport connectivity via ferry, train, and bus services. Property values reflect the suburb's premium location and historical significance, with limited supply driving continued demand from discerning buyers seeking inner-city harbour living. The area presents unique investment opportunities due to its scarcity value, tourism appeal, and proximity to Sydney's key employment and entertainment precincts.

Strengths

  • Prime harbour location with unmatched CBD proximity
  • Exceptional public transport connectivity via Circular Quay hub
  • Significant heritage value and unique architectural character
  • Limited housing supply creating scarcity value

Opportunities

  • Continued gentrification following public housing privatisation
  • Tourism and short-term rental potential
  • Heritage restoration and conversion projects
  • Harbour foreshore development initiatives

Considerations

  • Extremely limited retail and dining options within suburb
  • Heritage constraints restricting development opportunities
  • Limited parking availability due to narrow historic streets
  • Very high property prices limiting affordability

Property Market

Median House

$3.80M

+12.5% 1yr

Median Unit

$2.20M

+10.8% 1yr

Rent (House)

$2,100/wk

Rent (Unit)

$1,450/wk

Days on Market

35

Vacancy Rate

1.2%

Auction Clearance

78.0%

Price Growth

Type1 Year3 Year5 Year
House+12.5%+35.2%+58.7%
Unit+10.8%+28.4%+45.6%

Rental Yields

House Yield

2.8%

Unit Yield

3.4%

Investment Scorecard

Overall Investment Score82/100
Growth Potential85/100
Cashflow Score58/100
Risk Score (lower = safer)75/100
Affordability Index15/100

Demand/Supply Ratio: 2.80

Demand exceeds supply — favourable for sellers

Tax & Financial Intelligence

CPA-grade analysis for Millers Point at median house price

Standard transfer
$193,850
First Home Buyer
$193,850
Foreign buyer surcharge
$304,000

+8% surcharge

Annual rent income
$109,200

$2100/wk

Interest (80% LVR @ 6.5%)
-$197,600
Other expenses (~2.5%)
-$95,000
Net rental position
-$183,400

Negatively geared

Tax benefit (39% MTR)
+$71,526

Reduces taxable income

After-tax holding cost
$111,874/yr

~$2,151/week

Based on 11.7% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR

5-Year Hold

Est. value
$6.62M
Capital gain
$2.61M
After discount
$1.30M
CGT payable
$508,302

10-Year Hold

Est. value
$11.53M
Capital gain
$7.52M
After discount
$3.76M
CGT payable
$1.47M

Investor Quick Summary

Entry cost (stamp duty)

$193,850

After-tax yield

1.71%

Weekly holding cost

$2151/wk

10yr CGT (est.)

$1.47M

Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.

Demographics

Population

350

Median Age

48

Median Income

$125K

per annum

Family Households

35.0%

Professionals

68.0%

University Educated

72.0%

Unemployment

3.2%

Born Overseas

38.0%

Dwelling Mix

Houses: 45%Units: 52%Townhouses: 3%Total: 185

Lifestyle & Community

Walkability95/100
Public Transport10/10
Schools Rating7/10
Safety9/10
Family Friendly6/10
Cafes & Restaurants

25

Parks

8

Hospitals

2

Distance to CBD

1.2 km

Nearest Station: Circular Quay Station

Premium harbour living with world-class cultural attractions, fine dining at nearby The Rocks, and easy access to CBD employment

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Data sourced from multiple sources. Last updated 28 March 2026.

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