Millers Point is a small community in New South Wales within the Sydney local government area (postcode 2000). With a population of 1,735, the suburb has an established demographic with a median age of 43. Households earn a median income of $164K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Millers Point is $5.6 million, having surged 27.3% over the past year. Units have a median price of $2.3 million (+2.3% YoY). The current median weekly rent is $1050. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $3,900.
Public transport access includes 1 rail station, 6 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Millers Point offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 34.1x is considered stretched. House prices have moved +27.3% year-on-year.
Millers Point is a small community in New South Wales within the Sydney local government area (postcode 2000). With a population of 1,735, the suburb has an established demographic with a median age of 43. Households earn a median income of $164K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Millers Point is $5.6 million, having surged 27.3% over the past year. Units have a median price of $2.3 million (+2.3% YoY). The current median weekly rent is $1050. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $3,900.
Public transport access includes 1 rail station, 6 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Millers Point offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 34.1x is considered stretched. House prices have moved +27.3% year-on-year.