Pyrmont vs Millers Point.
Comparing two suburbs with median house prices of $2,500,000 and $4,162,500.
Pyrmont (median $2,500,000) is roughly 40% cheaper to buy into than Millers Point ($4,162,500).
On school quality, the average ICSEA across schools serving Millers Point (1106) sits above Pyrmont (1096).
For buyers
Pyrmont is the lower entry point at $2,500,000 median, 40% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Pyrmont offers the higher gross rental yield (2.29% vs 1.56%), favouring cash-flow investors.
For families
Millers Point edges out on average school ICSEA (1106 vs 1096).
Common questions
Is Pyrmont or Millers Point cheaper to buy in?
Pyrmont has the lower median house price at $2,500,000, roughly 40% below Millers Point ($4,162,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Pyrmont or Millers Point have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Millers Point scores 1106 vs 1096 in Pyrmont. 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, Pyrmont or Millers Point?
Gross rental yield on houses is 2.29% in Pyrmont 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).
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