Millers Point, NSW
UNDERVALUED3,194 sales · 31 years of data · NSW, Australia
Millers Point, NSW Property Market Overview
Millers Point, NSW, situated right on Sydney Harbour, offers a unique blend of historical significance and modern living. With 31 years of property data analysed, this postcode 2000 suburb has seen a total of 3,194 recorded sales. The current median property price for all types is $2,250,000, while houses command a median of $4,162,500 and apartments sit at $2,250,000.
Millers Point is known for its heritage-listed buildings, stunning harbour views, and proximity to the Sydney CBD. The suburb's character is defined by its mix of grand historic homes and contemporary apartment complexes. Its location provides easy access to cultural attractions, dining, and transport, making it a desirable place to live for many.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Millers Point
Top streets in Millers Point, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Hickson Rd | $2,570,000 |
| 2 | Kent St | $2,235,000 |
| 3 | Kent St | $3,825,000 |
... and 21 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Kent St | $25,189/m² |
| 2 | Windmill St | $26,141/m² |
| 3 | Argyle Pl | $40,855/m² |
| 4 | High St | $17,308/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Windmill St | +3.8% |
| 2 | Kent St | +3.9% |
| 3 | Kent St | +5.7% |
| 4 | Hickson Rd | +1.3% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Millers Point analysis
25 streets and 426 buildings to explore
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Millers Point at a Glance
Millers Point, NSW
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Local Amenities
Living in Millers Point, NSW
Living in Millers Point offers a unique urban experience, surrounded by history and stunning harbour views. The suburb is close to several schools, including Fort Street High School and Sydney Grammar School, catering to families with children. Wynyard Station provides excellent transport links, connecting Millers Point to the wider Sydney area.
Residents enjoy easy access to shopping at The Rocks and Circular Quay, as well as green spaces like Observatory Hill Park. The area exudes a sophisticated and cultured atmosphere, with a strong sense of community among its diverse population. Millers Point provides a blend of convenience, culture, and history, making it a highly desirable place to call home.
Who Buys in Millers Point?
The buyer profile in Millers Point is diverse, reflecting the suburb's range of property types and lifestyle offerings. Given the high median apartment price of $2,250,000 and the 80.3% strata percentage, the suburb attracts professionals, downsizers, and investors seeking premium apartment living. Families are also drawn to the area, attracted by the proximity to quality schools and parks. The historical CAGR of 4.1% over the full period may appeal to those seeking long-term property value.
Market Analysis
The Millers Point property market, as of early 2026, is currently positioned below its long-term trend. This suggests the area is in undervalued territory according to our analysis. This cycle position reflects the relationship between current market prices and the historical trend, indicating potential opportunities or challenges for property owners.
Understanding this cycle position is crucial for anyone considering buying or selling in Millers Point. It provides context for current price levels and can inform decisions based on how the market typically behaves in relation to its long-term performance. While the specific factors contributing to this position are complex, they reflect the interplay of broader economic conditions and local market dynamics.
Is Millers Point a Good Investment?
Millers Point presents a compelling investment case, driven by its prime location, historical significance, and diverse property mix. With a full-period CAGR of 4.1% and a 20-year CAGR of 5.2%, the suburb has demonstrated consistent long-term growth. The current cycle position, indicating it's below its long-term trend, suggests a potential entry point for astute investors.
The area's unique blend of heritage-listed buildings and modern apartments contributes to its enduring appeal. While the 10-year CAGR is lower at 1.7%, this reflects recent market fluctuations and does not necessarily negate the suburb's long-term potential. The high demand for premium apartment living in Millers Point, coupled with its limited supply, may continue to support property values in the future.
Millers Point Market Outlook
As of early 2026, the Millers Point property market is positioned below its long-term trend. While recent price trends have shown some volatility, the suburb's fundamental strengths remain intact. The high demand for harbour-side living, coupled with its historical significance, should continue to underpin property values in the area. The current market conditions may present opportunities for buyers seeking to enter the Millers Point market.
Streets & Location in Millers Point, NSW
Located in the heart of Sydney, Millers Point, postcode 2000, boasts some of the city's most prestigious addresses. Streets like KENT ST, HICKSON RD, and KENT ST are known for their high median property prices. With a total of 25 streets, Millers Point offers a diverse range of living environments, from waterfront apartments to historic terraces. The suburb's prime location provides unparalleled access to Sydney's iconic landmarks and business district.
Market Dynamics
The Millers Point property market demonstrates relatively efficient transaction times. The average settlement period is 58 days, reflecting a streamlined process for buying and selling properties in the area. Data on quick-flips is currently unavailable. This settlement timeframe can be influenced by factors such as financing approvals and legal processes, but generally indicates a healthy level of market activity in Millers Point.
Development & Density
Millers Point has a relatively high density of apartment buildings, with 426 complexes contributing to the suburb's character. This reflects the area's transformation over time, balancing historical preservation with modern development. The high percentage of strata properties (80.3%) indicates a predominance of apartment living in Millers Point, although some houses are also present. This mix of housing types caters to a variety of residents, from professionals to downsizers.
Growth & Property Mix
Historically, Millers Point has shown steady property growth. Over the past 20 years, the suburb has experienced a Compound Annual Growth Rate (CAGR) of 5.2%. The 10-year CAGR sits at 1.7%, while the full-period CAGR, spanning the entire 31 years of data, is 4.1%. The property composition in Millers Point is heavily weighted towards apartments, with strata properties accounting for 80.3% of the market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.