What is the true cost of buying an apartment in Millers Point?

The median apartment in Millers Point is $2,200,000. Including stamp duty ($103,410), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $145,988, or $12,166/month.

What does it really cost to buy a house in Millers Point?

The median house in Millers Point is $3,800,000. True first-year cost including stamp duty ($266,000), rates, insurance, maintenance, and mortgage repayments is approximately $254,680.

What is the vacancy rate in Millers Point?

Millers Point currently has a vacancy rate of 1.2%. Properties average 35 days on market.

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True Cost of Buying in Millers Point

2000 NSW · 1km to CBD

Stable

A decision, not just a search · Millers Point

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Millers Point is one of Sydney's most prestigious and historically significant waterfront suburbs, located just minutes from Circular Quay in the heart of the harbour city. With a small population of approximately 350 residents, this exclusive enclave offers unparalleled access to Sydney's CBD, Opera House, and Harbour Bridge. The suburb has undergone dramatic transformation following the NSW Government's public housing privatisation program, resulting in a shift towards affluent owner-occupiers and significant property price appreciation. The area features a unique mix of heritage-listed terraces, converted warehouses, and modern apartments, all set against the backdrop of Sydney Harbour. While retail and dining options within the suburb are limited, residents enjoy world-class amenities within walking distance at Circular Quay and The Rocks. The community is characterised by heritage preservation advocacy and a strong sense of place, with excellent public transport connectivity via ferry, train, and bus services. Property values reflect the suburb's premium location and historical significance, with limited supply driving continued demand from discerning buyers seeking inner-city harbour living. The area presents unique investment opportunities due to its scarcity value, tourism appeal, and proximity to Sydney's key employment and entertainment precincts.

Prime harbour location with unmatched CBD proximityExceptional public transport connectivity via Circular Quay hubSignificant heritage value and unique architectural characterLimited housing supply creating scarcity valueWalking distance to Sydney Opera House and Harbour Bridge

Market Snapshot

Median House

$3.8M

+12.5% 1yr

Median Apartment

$2.2M

+10.8% 1yr

Median Townhouse

—

Vacancy Rate

1.2%

35 avg DOM

Yield (Apartment)

3.4%

Yield (House)

2.8%

Auction Clearance

78%

Population

350

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$12,166/mo

Purchase Price

$2,200,000

Stamp Duty

$103,410

1st Year Total

$145,988

House

$21,223/mo

Purchase Price

$3,800,000

Stamp Duty

$266,000

1st Year Total

$254,680

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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