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Millers Point, NSW 2000

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Millers Point, NSW 2000 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Millers Point, NSW 2000”

  1. The total adult population (15 years or older) of Millers Point 2000 NSW is 1,606, with a median age of 43. Of those, 44.52% are married, 12.39% are divorced or separated, 40.16% are single and 3.11% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $16,500. The median monthly mortgage repayment for households in this suburb is $3,900 which is 23.64% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the suburb of MILLERS POINT 2000 is comprised of approximately 1735 households. As of Q3 2023, the typical price for houses in MILLERS POINT stands at $2,703,553, while the median weekly rent is priced at $1,041. This produces an indicative yield of a conservative 2.0%, falling below the lucrative threshold of 3%.

    The socio-economic score, IRSAD, for MILLERS POINT is 1186 out of the total possible 1217, revealing a high socio-economic status of the area’s inhabitants, indicative of broad access to economic resources, substantial income levels, and proficient professions.

    However, investment potential is somewhat greyed by other figures. The renter to owner ratio stands at a high 60%, whilst there’s a striking predominance of units over houses as suggested by the units to houses ratio of 66%, both of which could suppress return prospects in the long-run due to high saturation of rental properties and competition amongst property investors.

    Furthermore, the affordability metric for homes is stretched to 64 years, implicating decreased affordability and potentially disconcerting for potential buyers in the area.

    Contrastingly, the supply side signals of the property market in MILLERS POINT are quite favourable. With a stock on market Percentage for houses at a low 0.12% and an inventory level at 4.0 months, the supply can be deemed low which could push prices up, casting a favourable investment light. The building approvals Ratio stands at zero, indicating no intrusion from new offerings.

    On the demand side, houses in MILLERS POINT appear to be buoyant with a days on market figure at 33, suggesting high demand for properties. Moreover, a vacancy rate of 1.62% denotes the availability of properties is scanty, meaning it could hold opportunities for rental income. However, the buy search index is at 3, which might indicate somewhat limited interest from potential buyers.

    Thorough understanding of these property market metrics and vigilant monitoring of their trends and shifts will prove key in seizing beneficial investment opportunities. The HtAG Analytics’ RCS could automate this research, equipping you with agile insights using a vast trove of data points.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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