Millers Point vs Sydney, true annual running costs compared 2026
Last updated July 2026 · council rates current NSW schedules, ATO 91c/km, Opal & Translink fares, AER electricity benchmarks
Millers Point and Sydney are both Sydney rates (OLG suburbs, sitting 1.1 km and 0.6 km from Sydney CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
The two sit within $0 a year of each other to run, so running cost is a minor factor here. The decision comes down to schools, risk and lifestyle, all in the free report.
Over 10 years these two cost about the same to run.
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Sydney
Annual cost breakdown
| Category | Millers Point | Sydney | Difference |
|---|---|---|---|
| Council rates Official, 2026-27 | $924 | $924 | - |
| Water & sewerage Official, 2026-27 | $1,548 | $1,548 | - |
| Commute (driving) Modelled, 2026-27 | $514 | $514 | - |
| Commute (public transport) Modelled, 2026-27 | $1,920 | $1,920 | - |
| Home insurance Estimated | $1,850 | $1,850 | - |
| Body corporate (unit) Estimated | $3,500 | $3,500 | - |
| Total (driving) | $4,836 | $4,836 | - |
| Total (public transport) | $6,242 | $6,242 | - |
Totals exclude electricity, estimated separately below. Green = cheaper. Commute: ATO 91c/km, 220 working days. Insurance estimated from ACCC premium rates; actual premiums vary. Council rates: average residential rate (NSW, IPART-uplifted).
| Dwelling | Millers Point | Sydney | 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, Millers Point vs Sydney (2026-27)
What the numbers show
Millers Point and Sydney cost within $0 of each other annually by car. Over ten years with 3% annual growth the gap reaches roughly $0, making running cost a minor factor in the decision.
The biggest single gap is council rates at $0 per year.
On public transport the two suburbs cost almost the same, $6,242 and $6,242 a year, so the $0 driving gap nearly closes if you commute by public transport.
Where the difference actually comes from
- Council rates is identical at $924 a year.
- Water and sewerage is identical at $1,548 a year.
- Driving commute is identical at $514 a year.
- Building insurance is identical at $1,850 a year.
Both suburbs sit in the same council area, so the rates line is identical and none of the difference between them comes from council. On these four costs they are identical.
10-year cumulative cost projection
| Year | Millers Point cumulative | Sydney cumulative | Difference |
|---|---|---|---|
| Year 1 | $4,836 | $4,836 | $0 |
| Year 3 | $14,948 | $14,948 | $0 |
| Year 5 | $25,675 | $25,675 | $0 |
| Year 10 | $55,439 | $55,439 | $0 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Millers Point or Sydney cheaper to live in?
Millers Point is cheaper to run by car at $4,836 per year versus $4,836 for Sydney, a difference of $0 annually. Figures cover council rates, water, commute (ATO 91c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Millers Point and Sydney?
Annual council rates for a house are $924 in Millers Point (Sydney rates (OLG) and $924 in Sydney (Sydney rates (OLG). Water and sewerage adds $1,548 in Millers Point and $1,548 in Sydney. 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 Millers Point and Sydney?
Annual driving commute costs are $514 from Millers Point and $514 from Sydney to Sydney CBD (ATO 91c/km). Public transport costs $1,920 from Millers Point and $1,920 from Sydney.
What is the 10-year cost difference between Millers Point and Sydney?
At 3% annual cost growth, Millers Point costs a cumulative $55,439 and Sydney costs $55,439 over 10 years by car. The cumulative difference is $0 in favour of Millers Point. Excludes purchase price, mortgage, and personal expenses.
Which of Millers Point and Sydney suits you better?
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Sources: Sydney rates (OLG and Sydney rates (OLG rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 91c/km, and SuburbCost insurance estimates from ACCC premium rates. Data updated July 2026.