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Milsons Point suburb profile

Milsons Point is a prestigious harbourside suburb located on the lower North Shore of Sydney, just across the iconic Sydney Harbour Bridge from the CBD. Known for its stunning waterfront views and proximity to key attractions, Milsons Point offers a vibrant urban lifestyle with a touch of elegance. The suburb is home to the famous Luna Park, offering entertainment and leisure activities for all ages. With excellent transport links, including train and ferry services, residents enjoy seamless connectivity to the city and beyond. Milsons Point's blend of luxury apartments, historic architecture, and scenic beauty make it a highly sought-after location for professionals and families alike.

Milsons Point property market performance

Milsons Point’s property market is predominantly driven by units, with a significant 14.7% increase in median unit value over the past 12 months, bringing the current median price to $3.07 million. Despite no house sales or listings, 14 units have been sold in the last 12 months. Units are taking an average of 76 days on the market, indicating a moderately paced selling process.

In terms of rentals, units have seen a 4.8% increase in average rent, now at $1100. The rental market remains active, reflecting continued interest in this Sydney suburb’s desirable location, even in the absence of house rental data.

HousesUnits
Median price
Past 3 months
N/A$2.15M
Change in value
Past 12 months
N/A-6.4%
Sold
Past 3 months
N/A15
Median days on market
Past 12 months
N/A71
Average rent
Past 12 months
N/A$1100
Change in rent
Past 12 months
N/A4.8%

5 year median price trend for houses and units

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Milsons Point demographics

Milsons Point, located on the picturesque lower North Shore of Sydney, is a suburb that offers a blend of urban sophistication and stunning harbour views. Known for its iconic landmarks such as the Sydney Harbour Bridge and Luna Park, Milsons Point is a desirable location for those seeking a premium lifestyle with easy access to the Sydney CBD. The suburb's median age of 44 suggests a mature population, with many residents likely enjoying the area's tranquil yet connected environment.

The suburb's housing market is characterized by a high proportion of renters, with 56.7% of properties being rented. This indicates a strong demand for rental properties, likely driven by professionals and executives who appreciate the convenience and prestige of living in such a prime location. Meanwhile, 29.4% of properties are owned outright, reflecting a stable base of long-term residents who have invested in the area.

Family structures in Milsons Point are diverse, with 65.6% of couple families having no children, highlighting the suburb's appeal to couples and empty nesters. The presence of 21.3% of couple families with children and 10.6% of one-parent families indicates that while the area is predominantly suited to adults, it still offers amenities and a lifestyle that can accommodate families. With a high median household income of $3267 weekly, Milsons Point is clearly a suburb that attracts affluent residents who value its unique blend of luxury, convenience, and breathtaking views.

Suburbs near Milsons Point

Some popular suburbs near Milsons Point include:

  • Kirribilli: Known for its iconic views of the Sydney Harbour Bridge and vibrant community, Kirribilli is located directly east of Milsons Point.
  • Lavender Bay: Famous for its picturesque waterfront and serene parks, Lavender Bay is situated to the west of Milsons Point.
  • McMahons Point: Offering a charming village atmosphere with stunning harbour views, McMahons Point lies southwest of Milsons Point.
  • North Sydney: A bustling commercial hub with a mix of residential and business districts, North Sydney is located directly north of Milsons Point.
  • Kurraba Point: Known for its tranquil residential setting and scenic harbour views, Kurraba Point is situated northeast of Milsons Point.

How does Milsons Point compare to nearby suburbs?

  • Median unit prices: Milsons Point’s median unit price is 51.6% higher than Kirribilli’s.
  • Unit price growth: Over the past 12 months, unit prices in Milsons Point have grown 10.1% higher than in Kirribilli.
  • Selling speed for units: Properties in nearby Kirribilli are selling 32.4% faster than in Milsons Point.
  • Unit price growth:Over the past 12 months, unit prices in Milsons Point have grown 145.0% higher than the average rate of growth for units across Sydney.

Choose the right real estate agents in Milsons Point

There are 26 real estate agents in Milsons Point, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 59.6% of all sales in the past year.

Commission rates in Milsons Point typically range from 1.75% to 2.42%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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