Balmain East vs Millers Point.
Comparing two suburbs with median house prices of $3,800,000 and $4,162,500. Balmain East edges out on more headline metrics in this comparison.
Balmain East (median $3,800,000) is roughly 9% cheaper to buy into than Millers Point ($4,162,500).
On school quality, the average ICSEA across schools serving Balmain East (1121) sits above Millers Point (1106). Balmain East skews owner-occupied (58%), Millers Point runs more rental-dense (38% owner).
For buyers
Balmain East is the lower entry point at $3,800,000 median, 9% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Balmain East offers the higher gross rental yield (1.78% vs 1.56%), favouring cash-flow investors.
For families
Balmain East edges out on average school ICSEA (1121 vs 1106).
Common questions
Is Balmain East or Millers Point cheaper to buy in?
Balmain East has the lower median house price at $3,800,000, roughly 9% below Millers Point ($4,162,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Balmain East or Millers Point have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Balmain East scores 1121 vs 1106 in Millers Point. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Balmain East or Millers Point?
Gross rental yield on houses is 1.78% in Balmain East vs 1.56% in Millers Point. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Balmain East against another suburb