Milsons Point is a smaller suburb in New South Wales within the North Sydney local government area (postcode 2061). With a population of 2,529, the suburb has an established demographic with a median age of 44. Households earn a median income of $170K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Chinese, Australian.
The median house price in Milsons Point is $5.9 million, having increased 2.4% over the past year. Units have a median price of $1.0 million (-54.1% YoY). The current median weekly rent is $898. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $2,800.
Public transport access includes 1 rail station, 1 ferry wharf, 5 bus stops. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, Milsons Point offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($5.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 34.9x is considered stretched. House prices have moved +2.4% year-on-year.
Milsons Point is a smaller suburb in New South Wales within the North Sydney local government area (postcode 2061). With a population of 2,529, the suburb has an established demographic with a median age of 44. Households earn a median income of $170K per year, with an average household size of 1.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Chinese, Australian.
The median house price in Milsons Point is $5.9 million, having increased 2.4% over the past year. Units have a median price of $1.0 million (-54.1% YoY). The current median weekly rent is $898. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $2,800.
Public transport access includes 1 rail station, 1 ferry wharf, 5 bus stops. The crime rate in the North Sydney LGA is low at 1,731 incidents per 100,000 population.
From an investment perspective, Milsons Point offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($5.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 34.9x is considered stretched. House prices have moved +2.4% year-on-year.