True annual cost of living in Mcmahons Point, NSW 2060
Living in a house in Mcmahons Point costs about $6,087 a year: council rates, water and sewerage, commute and home insurance combined. Mcmahons Point sits 2.7 kilometres from Sydney CBD. Unit costs reach $7,817, with the $3,500 body corporate levy accounting for the entire difference between the two. Transport mode has the biggest effect on total cost in a suburb this close to the city.
Cheaper to run than 92% of North Sydney Council suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$2,342/yr
5,238 kWh
Unit
$1,909/yr
3,929 kWh
Estimated from AER residential benchmarks for Mcmahons Point's climate zone at 2026-27 regulated prices for its electricity network. Get the free report for a breakdown by your exact number of occupants.
Getting around Mcmahons Point
within a 2 km walk
Nearest stop
McMahons Point Wharf, 547 m away, about a 7 minute walk. It is a ferry stop.
Nearest hospital
The Mater Hospital, 1,460 m away, about an 18 minute walk.
Supermarkets
14
Cafes
108
Parks
154
Counted from OpenStreetMap via Overpass inside a 2 km walking radius of the suburb centre, built 2026-08-07. Distances are straight line from that centre, so a specific address can be closer or further. Mapping is contributed and can lag a new opening.
Is it cheaper to drive or take public transport from Mcmahons Point to the CBD?
Driving saves Mcmahons Point residents $1,008 per year. Annual commute cost by car is $912 versus $1,920 by public transport using the Opal network.
What are the council rates in Mcmahons Point?
Mcmahons Point falls under North Sydney Council. The average residential rate for 2026-27 is $1,327 per year for an owner-occupied house, based on OLG data uplifted by the council's IPART rate peg. Individual properties pay more or less depending on land value. Unit owners in strata schemes pay $1,327 per year. These figures cover the general rate only and exclude waste and cleansing charges.
What does it cost to run a unit in Mcmahons Point?
Running a unit in Mcmahons Point costs approximately $7,817 per year by car or $8,825 by public transport. This includes council rates of $1,327, water and sewerage $1,548, estimated body corporate levy of $3,500, and contents insurance of $530. Body corporate fees vary significantly between buildings. Always confirm the actual levy before purchasing.
Is Mcmahons Point close to public transport?
The nearest scheduled service to the centre of Mcmahons Point is McMahons Point Wharf, a ferry stop about 547 m away, about a 7 minute walk. That is measured from the suburb centre, so an individual address can be nearer or further. The commute figure used in the running cost on this page assumes driving, not this service.
What is the closest hospital to Mcmahons Point?
The closest hospital to the centre of Mcmahons Point is The Mater Hospital, about 1,460 m away, about an 18 minute walk. Distance is straight line from the suburb centre and does not account for the road route or whether the hospital has an emergency department.
What shops and parks are in Mcmahons Point?
Within a 2 km walk of the centre of Mcmahons Point there are 14 supermarkets, 108 cafes and 154 parks. These counts come from OpenStreetMap via Overpass, which is contributed mapping and can lag a recent opening or closure.
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Data sources: Council rates: North Sydney Council rates (IPART approved SRV, 23.3% in 2026-27, Final Report June 2026). Water: Sydney Water 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: AI-estimated, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Fire: NSW RFS Bush Fire Prone Land. Flood: modelled from 30m elevation (topographic). Data updated 2026-07. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.