You'll need $143,000/yr to live in Millers Point.
The 30%-rule benchmark for a single person, based on quarterly government bond data.
Location
Sydney, NSW
Rent trend
Quarterly median rent
Can you afford it on your salary?
Pick your bracket to see weekly leftover, budget breakdown and cheaper alternatives in Millers Point
Closest to the $143,000/yr the 30% rule needs is highlighted.
Rent details
Suburb affordability ledger
ABS Census 2021 (income WPI-indexed to 2026) · rent vs household income
Household income is the 2021 Census median indexed forward to 2026 by ABS wage growth; rent-to-income and stress compare current rent to that estimate.
Nearby suburbs
About renting in Millers Point
Millers Point's 1-bedroom median rent is $825 a week, placing it in the most expensive quarter of the 599 Sydney suburbs NestLedger tracks. This is premium territory for the area, and budget-focused renters usually look at least one suburb further out.
Rents have fallen 2.1% over the past year, an uncommon move in the current market. Falling medians can reflect genuine softening or a change in what is being leased, so read it alongside the bond counts.
Using the 30% affordability benchmark, a single renter needs about $143,000 a year to take on Millers Point's 1-bedroom median rent without overextending (based on the $825/wk 1BR median, single household). On the local median household income, Millers Point stays under the 30% line: the typical household here is not in rental stress.
If Millers Point stretches the budget, the nearest cheaper options NestLedger tracks are Barangaroo ($760/wk), Dawes Point ($700/wk), Balmain East ($760/wk), close enough to keep the same commute patterns while cutting the weekly rent.
Is Millers Point expensive to rent in?
Millers Point's 1-bedroom median rent is $825/wk, above the middle of the 599 Sydney suburbs NestLedger tracks (507 tracked suburbs are cheaper).
What salary do I need to rent in Millers Point?
About $143,000 a year for a single renter under the 30% rule: annual income = (weekly rent × 52) ÷ 0.3, using based on the $825/wk 1BR median, single household.
Is rent in Millers Point going up?
Over the past year the 1-bedroom median rent moved -2.1%.
What are cheaper suburbs near Millers Point?
Barangaroo at $760/wk, Dawes Point at $700/wk, Balmain East at $760/wk, the closest tracked suburbs with a lower single-basis rent.
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, VIC DFFH, SA Consumer and Business Services via SA Housing Authority, and Tasmania Department of Justice rental bond data. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.