Suburb Profile Report for Millers Point NSW (2000)

Millers Point House: Median price $2,009,556, Annual capital growth 1.42%, Number of sales 38, Weekly median advertised rent $1,290

Millers Point Unit: Median price $1,275,000, Annual capital growth 8.65%, Number of sales 58, Weekly median advertised rent $935

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Millers Point is in the bottom 10% in NSW when comparing median price capital growth over the last year. Millers Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.31%.

With the median price for a house in Millers Point being $2009556 and the advertised rent reaching $1290 the gross rental yield for property investors calculates out to be 3.34%

Millers Point is in the bottom 10% in NSW when comparing median price capital growth over the last year. Millers Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -29.17%.

Over the longer term, Millers Point has seen property prices show investors a 16.17% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Millers Point is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 376th in terms of most discounted suburbs in NSW

Residents and property investors in Millers Point have been waiting around 57.43 days to sell a property.

Using the current median advertised rental of $935 and the average annual increase in value of a median property of 8.65%, investors should hope to achieve an overall return of 3.81%

Metrics i HOUSE UNIT
$2,009,556 $1,275,000
-0.76% -23.19%
-18.31% -29.17%
1.42% 8.65%
$1,290 $935
38 58
3.34% 3.81%
N/A 57.43

Source: CoreLogic

DSR Score for property investment : Good (U), Balanced (H)
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Demographics
Total population 1735
Median household income ($/weekly) 2202
Median age of persons 44
Median housing loan repayment ($/monthly) 3600
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 364 21.0
    35-44 years 246 14.2
    45-54 years 280 16.1
    55-64 years 285 16.4
    65-74 years 190 10.9
    Others 371 21.4
    Age Group
    Census Count Percent(%)
    Not Married 606 48.2
    Registered Married 483 38.5
    Defacto Relationship 167 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 759 55.0
    Papua New Guinea 47 3.4
    United Kingdom 131 9.5
    United States of America 37 2.7
    Other 120 8.7
    Others 286 20.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 53 4.0
    Christianity 803 60.3
    Hinduism 29 2.2
    Islam 34 2.6
    No Religion 366 27.5
    Others 46 3.5
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 52 7.3
    $300-$399 46 6.4
    $1,500-$1,999 61 8.5
    $2,500-$2,999 177 24.8
    $4,000 or more 89 12.5
    Others 289 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 618 47.2
    Not in the labour force 442 33.8
    Employed, worked part-time 171 13.1
    Unemployed, looking for work 47 3.6
    Employed, away from work 31 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 26.3
    Professionals 347 42.3
    Community & personal service workers 40 4.9
    Clerical & administrative workers 102 12.4
    Sales 46 5.6
    Others 70 8.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 20 10.9
    Secondary 28 15.2
    Technical or Further Educational Institution 32 17.4
    University or other Tertiary Institutions 85 46.2
    Other type of educational institution 15 8.2
    Others 4 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1010 73.6
    Separate house 243 17.7
    Semi-detached, row or terrace house, townhouse 120 8.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 487 64.5
    Fully owned 144 19.1
    Being purchased 124 16.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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