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

The median apartment in Milsons Point is $1,450,000. Including stamp duty ($62,160), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $100,484, or $8,374/month.

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

The median house in Milsons Point is $3,200,000. True first-year cost including stamp duty ($158,410), rates, insurance, maintenance, and mortgage repayments is approximately $215,272.

What is the vacancy rate in Milsons Point?

Milsons Point currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Milsons Point

2061 NSW · 3km to CBD

Stable

A decision, not just a search · Milsons 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

Milsons Point, NSW 2061, is a prestigious harbourside suburb located just 2.5 km from Sydney’s CBD. With a population of approximately 1,850, it offers an exclusive, cosmopolitan lifestyle characterised by stunning waterfront views, iconic landmarks such as the Sydney Harbour Bridge and Luna Park, and a vibrant café and dining scene. The suburb boasts a high walkability score of 88.0/100, making it ideal for residents who value convenience and easy access to amenities, public transport, and recreational spaces. Safety is a standout feature, with a rating of 9.0/10, contributing to its appeal for professionals, downsizers, and families seeking a secure urban environment. The property market in Milsons Point is highly sought-after, reflected in its median house price of $3,200,000 and median unit price of $1,450,000. These figures underscore the suburb’s premium status and strong demand, particularly for apartments with harbour views. The median income of $95,000 is well above the national average, supporting the area’s affluent demographic. The rental market remains robust, with a low vacancy rate of 1.8% and a house rental yield of 2.8%, indicating steady tenant demand and stable returns for investors. Milsons Point’s investment score of 82.0/100 and growth potential of 78.0/100 highlight its ongoing desirability and prospects for capital appreciation. While the schools rating of 7.0/10 suggests good but not exceptional educational options, the suburb’s proximity to top schools in neighbouring areas compensates for this. Overall, Milsons Point offers a blend of luxury, convenience, and investment security, making it a prime choice for discerning buyers and investors seeking long-term value in Sydney’s property market.

Prime harbourside location with iconic views and landmarksExceptional safety rating (9.0/10) ensuring a secure living environmentHigh walkability score (88.0/100) with excellent access to amenities and transportStrong property market with high median prices and low vacancy rateAffluent, professional demographic with high median income

Market Snapshot

Median House

$3.2M

+4.2% 1yr

Median Apartment

$1.4M

+3.8% 1yr

Median Townhouse

$2.8M

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

3.9%

Yield (House)

2.8%

Auction Clearance

78%

Population

1,850

True Cost Breakdown

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

Apartment

$8,374/mo

Purchase Price

$1,450,000

Stamp Duty

$62,160

1st Year Total

$100,484

House

$17,939/mo

Purchase Price

$3,200,000

Stamp Duty

$158,410

1st Year Total

$215,272

Townhouse

$15,000/mo

Purchase Price

$2,800,000

Stamp Duty

$136,410

1st Year Total

$179,996

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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