Millers Point vs Dawes Point.
Comparing two suburbs with median house prices of $4,162,500 and $3,700,000. Dawes Point edges out on more headline metrics in this comparison.
Dawes Point (median $3,700,000) is roughly 13% cheaper to buy into than Millers Point ($4,162,500).
On school quality, the average ICSEA across schools serving Dawes Point (1122) sits above Millers Point (1106). Dawes Point skews owner-occupied (61%), Millers Point runs more rental-dense (38% owner).
For buyers
Dawes Point is the lower entry point at $3,700,000 median, 13% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Dawes Point offers the higher gross rental yield (0.88% vs 0.78%), favouring cash-flow investors.
For families
Dawes Point edges out on average school ICSEA (1122 vs 1106). Dawes Point also has a higher family-household share (74% vs 56%), so the catchment community skews family-heavy.
Common questions
Is Millers Point or Dawes Point cheaper to buy in?
Dawes Point has the lower median house price at $3,700,000, roughly 13% below Millers Point ($4,162,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Millers Point or Dawes Point have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Dawes Point scores 1122 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, Millers Point or Dawes Point?
Gross rental yield on houses is 0.88% in Dawes Point vs 0.78% 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 Millers Point against another suburb