Suburb Profile Report for Millers Point NSW (2000)

Millers Point House: Median price $2,024,929, Annual capital growth -5.09%, Number of sales 20, Weekly median advertised rent $1,325

Millers Point Unit: Median price $1,325,000, Annual capital growth 10.17%, Number of sales 45, Weekly median advertised rent $920

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

Source: CoreLogic

  • House Report
  • Unit Report

Millers Point has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -15.63% to date .

Using the current median advertised rental of $1325 and the average annual increase in value of a median property of -5.09%, investors should hope to achieve an overall return of 3.40%

Over the last year, property investments in Millers Point, 2000 have given investors a capital gain of -33.75%. This compares very badly with the 8.31% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Millers Point comes in at number 521th in NSW.

Property investors looking for a bargain in Millers Point should be aiming for at least -3.11% off the asking price, which is the average vendor discount being achieved at the moment.

At number 332 in a list of fastest selling suburbs, Millers Point is in the TOP 30% of suburbs in Australia with an average of days on market 50.13 for properties listed there.

Millers Point is 391th on a list of best yielding suburbs for rents in NSW with a 3.61% return

Metrics i HOUSE UNIT
$2,024,929 $1,325,000
3.68% 0.00%
-15.63% -33.75%
-5.09% 10.17%
$1,325 $920
20 45
3.40% 3.61%
N/A 50.13

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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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Recent sales & rentals