You need $147,334/yr
to live in Millers Point
Based on government bond data
1BR median rent
$850/wk
Annual change
+11.1%
Rental stress
Yes
Location
Sydney, NSW
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Rent trend
Quarterly median rent
Can you afford it?
Enter your gross salary to check
$85,000
Weekly take-home
$1,254/wk
Weekly rent
$1,000/wk
Rent share
80%
You'd have $254/wk left after rent
Weekly budget breakdown
$1,274/week total
Rent
$850/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$850/wk
2 BR
$1,300/wk
3 BR
$1,925/wk
Annual change
+11.1%
Quarterly change
+14.3%
Suburb snapshot
ABS Census 2021
Median household income
$3,160/wk
Median age
43
Avg household size
1.9
Rent-to-income
32%
Nearby suburbs
Barangaroo
NSW
$950/wk
$130,000/yr
+10.5%
Dawes Point
NSW
$875/wk
$130,000/yr
+2.9%
Balmain East
NSW
$950/wk
$130,000/yr
+10.5%
Sydney
NSW
$1,000/wk
$147,334/yr
+11.1%
Pyrmont
NSW
$950/wk
$130,000/yr
+10.5%
Milsons Point
NSW
$875/wk
$130,000/yr
+2.9%
About renting in Millers Point
Millers Point is located in Sydney, NSW. The median weekly rent is $1,000, meaning a single person needs to earn at least $147,334 per year to keep rent below 30% of income.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark — spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records — NSW DCJ, QLD RTA, and VIC DFFH. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.