Balmain East vs Millers Point
Balmain East (median $3,800,000) is roughly 9% cheaper to buy into than Millers Point ($4,162,500).
Buying in Balmain East or Millers Point?
Selling in Balmain East? The free selling guide
Balmain East and Millers Point side by side
| Measure | Balmain East | Millers Point |
|---|---|---|
| Price and market | ||
| Median house | $3,800,000 | $4,162,500 |
| Median unit | $633,600 | $443,520 |
| Renting | ||
| House rent | $1300/wk | $1250/wk |
| Unit rent | $811/wk | $1150/wk |
| Owner occupied | 58.0% | 38.0% |
| Renter occupied | 41.0% | 60.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1121 | 1106 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 0 | 50 |
| Bike score | 100 | 100 |
| Population | 1,900 | 1,735 |
| Median age | 46 | 43 |
| Climate | ||
| Annual rainfall | 1139 mm | 1139 mm |
| Mean max, January | 27.1°C | 27.1°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
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).
Balmain East vs Millers Point: 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.
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The two suburbs
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