Mcmahons Point vs Milsons Point: true annual running costs compared (2026)
Last updated July 2026 · council rates current NSW schedules, ATO 91c/km, Opal & Translink fares, AER electricity benchmarks
Mcmahons Point and Milsons Point are both North Sydney Council rates (IPART approved SRV, 23.3% in suburbs, sitting 2.7 km and 2.3 km from Sydney CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
Mcmahons Point runs $519 a year cheaper than Milsons Point, driven mostly by home insurance. Over 10 years at 3% growth that gap compounds to about $5,949.
Over 10 years these two cost about the same to run. The difference here isn't money — it's location, schools and lifestyle.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict →Mcmahons Point
Milsons Point
Annual cost breakdown
| Category | Mcmahons Point | Milsons Point | Difference |
|---|---|---|---|
| Council rates | $1,327 | $1,327 | - |
| Water & sewerage | $1,548 | $1,548 | - |
| Commute (driving) | $912 | $781 | +$131 |
| Commute (public transport) | $1,920 | $1,920 | - |
| Home insurance | $2,300 | $2,950 | -$650 |
| Body corporate (unit) | $3,500 | $3,500 | - |
| Total (driving) | $6,087 | $6,606 | -$519 |
| Total (public transport) | $7,095 | $7,745 | -$650 |
Green = cheaper. Commute: ATO 91c/km, 220 working days. Insurance AI-estimated; actual premiums vary. Council rates: average residential rate (NSW, IPART-uplifted).
| Dwelling | Mcmahons Point | Milsons Point | Difference |
|---|---|---|---|
| House | $2,342 | $2,342 | - |
| Unit | $1,909 | $1,909 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2026-27 regulated prices for each suburb's electricity network, including supply charge (AER Default Market Offer caps, or the QCA price in regional Queensland; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown — Mcmahons Point vs Milsons Point (2026-27)
What the numbers show
Mcmahons Point costs $519 less per year to run by car. Held over ten years at 3% annual cost growth, that gap compounds to $5,949 in favour of Mcmahons Point.
The biggest single gap is home insurance at $650 per year. Milsons Point carries high flood risk, which pushes estimated premiums higher.
On public transport the gap is $650 per year, $7,095 from Mcmahons Point versus $7,745 from Milsons Point.
Where the difference actually comes from
- Council rates is identical at $1,327 a year.
- Water and sewerage is identical at $1,548 a year.
- Driving commute favours Milsons Point by $131 a year, $781 against $912.
- Building insurance favours Mcmahons Point by $650 a year, $2,300 against $2,950.
Both suburbs sit in the same council area, so the rates line is identical and none of the difference between them comes from council. What separates them is commute distance and the insurance band.
Flood risk is rated high in Milsons Point against medium in Mcmahons Point, which feeds the insurance estimate. The catchment state school scores 9.6 in Mcmahons Point against 8.4 in Milsons Point, on ACARA's ICSEA percentile scaled to ten.
10-year cumulative cost projection
| Year | Mcmahons Point cumulative | Milsons Point cumulative | Difference |
|---|---|---|---|
| Year 1 | $6,087 | $6,606 | $519 |
| Year 3 | $18,814 | $20,418 | $1,604 |
| Year 5 | $32,317 | $35,072 | $2,755 |
| Year 10 | $69,781 | $75,730 | $5,949 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Mcmahons Point or Milsons Point cheaper to live in?
Mcmahons Point is cheaper to run by car at $6,087 per year versus $6,606 for Milsons Point, a difference of $519 annually. Figures cover council rates, water, commute (ATO 91c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Mcmahons Point and Milsons Point?
Annual council rates for a house are $1,327 in Mcmahons Point (North Sydney Council rates (IPART approved SRV, 23.3% in) and $1,327 in Milsons Point (North Sydney Council rates (IPART approved SRV, 23.3% in). Water and sewerage adds $1,548 in Mcmahons Point and $1,548 in Milsons Point. Both figures are the average residential rate reported to the Office of Local Government, uplifted by each council's IPART rate peg.
How does the commute cost compare between Mcmahons Point and Milsons Point?
Annual driving commute costs are $912 from Mcmahons Point and $781 from Milsons Point to Sydney CBD (ATO 91c/km). Public transport costs $1,920 from Mcmahons Point and $1,920 from Milsons Point.
What is the 10-year cost difference between Mcmahons Point and Milsons Point?
At 3% annual cost growth, Mcmahons Point costs a cumulative $69,781 and Milsons Point costs $75,730 over 10 years by car. The cumulative difference is $5,949 in favour of Mcmahons Point. Excludes purchase price, mortgage, and personal expenses.
Which of Mcmahons Point and Milsons Point is best to actually live in?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
Related comparisons
Sources: North Sydney Council rates (IPART approved SRV, 23.3% in and North Sydney Council rates (IPART approved SRV, 23.3% in rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 91c/km, and SuburbCost AI insurance estimates. Data updated July 2026.