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Milsons Point

POSTAL CODE: NSW, 2061
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MILSONS POINT, 2061 ranks 261st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.43% for property investors last year.

Based on its average 5-year and quarterly capital gains MILSONS POINT, 2061 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in MILSONS POINT, 2061 averaged 4.87% per annum over a 3-year period.

Average weekly rents on listings have reached the $1050 mark, reflecting a 2.14% increase in returns based on the current median price in MILSONS POINT.

An average of 4.92 real estate transactions take place per month in MILSONS POINT which translates to 59 per annum.

59 properties were sold in MILSONS POINT during the past year, making it the 105th most active market in NSW based on total real estate transactions.

MILSONS POINT, 2061 places 15th in Australia based on median property value growth during the quarter.

Surburb overview

Milsons Point is a suburb on the Lower North Shore and part of the local government area of the North Sydney Council. Located 3 kilometres north of the Sydney CBD, the suburb occupies approximately 20 hectares, bounded by the suburbs of North Sydney and Lavender Bay in the north, Kirribilliin the east, Dawes Point in the south, and McMahons Point in the west.

The suburb is one of the most liveable suburbs in North Shore, based on Domain’s Liveable Sydney report in 2016. 

ABOUT MILSONS POINT

History

Sydney’s North Shore was originally inhabited by the Birrabirragal, Boregal, Kuringgai, Wallumedegal, Gorualgal and Cammeraygal Aboriginal people.

Between 1794 and 1814, the first European settlement was recorded across the land now known as the local government areas of Hornsby Shire, Ku-ring-gai Council, Municipality of Lane Cove, Mosman Council, City of Willoughby, Municipality of Hunters Hill and North Sydney Council. The LGAs were named after notable European settlers, including Police Constable Samuel Horne, John Lane, Archibald Mossman, Sir James Willoughby Gordon, Captain John Hunter, and 1st Viscount Sydney Thomas Townshend. Only the Ku-ring-gai Council was named after its original inhabitants, the Kuringgai Aboriginal people.

Based on the Cumberland County mapping from 1792 to 1894, four local government areas were derived from the Parish of Willoughby, including the City of Willoughby, Mosman Council, Municipality of Lane Cove and North Sydney, which was formerly known as St Leonards

Milsons Point was named after James Milson, one of the earliest settlers, originally from Lincolnshire. After establishing a profitable business, he settled in a 120-acre land from Robert Campbell during the early 1820s, where he lived until 1831. After then, he built “Brisbane House” and “Grantham” on his 50-acre land facing Lavender Bay.

The Milson family holdings in the Lower North Shore were resumed in the early 1920s for the construction of the Sydney Harbour Bridge and major roadways.

During the post-war years, the rest of North Shore also saw the most significant development, with population and medium- to high-density housing growing rapidly. Several suburbs stood out as growth centres, including Castle Hill, Cherrybrook, Dural, Gordon, Killara, St Ives, Turramurra, Wahroong, Chatswood, Artarmon, St Leonards and North Sydney, 

The 21st century saw urban consolidation across the region, with multiple infrastructure, transport systems and different types of dwellings built to support the needs of the 400,000-strong population of the entire North Shore area.

Demographics

As of 2016, Milsons Point is home to 2,158 people. Australia-born citizens represent 40.4 per cent of the local population, with other residents born in England and China. About 56.0 per cent of people spoke only English at home, while others speak Cantonese and Mandarin.

Famous residents

Milsons Point is home to Michael Stutchbury, editor in chief of The Australian Financial Review  and former economics editor of The Australian. He is the father of 2018 NSW Young Liberals President, Harry Stutchbury.

LIFESTYLE

Most of the land across the North Shore region are predominantly residential, with significant rural, commercial, industrial and military use as well as parklands, reserves, waterways, foreshores, beaches and bushlands.

Sydney’s North Shore is known mainly for its elegant neighbourhoods that are sought-after by professionals and families for its prestigious school catchments and easy access to the city centre, major commercial areas and employment hubs through efficient transport systems.

The region also boasts multiple well-known landmarks across its local government areas, as well as several multicultural festivals.

Public transport

All local government areas in the North Shore region are serviced by the Pacific Highway. 

Hornsby Shire and Ku-ring-gai Council are served by the Sydney-Newcastle Freeway while the Lane Cove Council is served by the Lane Cove Tunnel, the City of Willoughby served by the Gore Hill Freeway, the North Sydney Council served by the Bardfield Highway and Warringah Freeway and Hornsby Shire served by the Hills (M2) Motorway, and Pennant Hills Road.

Milsons Point supports the northern end of the Sydney Harbour Bridge, thus stands well-connected with the Sydney CBD by the bridge, ferries and trains.

The North Shore railway line runs through Hornsby Shire, Ku-ring-gai Council, the City of Willoughby and the North Sydney Council, while the Northern and Central Coast & Newcastle railway lines run through Hornsby Shire.

T1 North Shore line services multiple suburbs from Chatswood north to Hornsby, including Chatswood, Roseville, Lindfield, Killara, Gordon, Pymble, Turramurra, Warrawee, Wahroonga, Waitara and Hornsby. Meanwhile, railway stations within Lower North Shore serve Milsons Point, North Sydney, Waverton, Wollstonecraft, St Leonards, Artarmon & Chatswood. 

The Milsons Point ferry wharf, serviced by the Balmain, Pyrmont Bay and Rydalmere ferry lines, is located to the west of the bridge in the south-west part of the suburb. 

Milsons Point is also serviced by buses which run to the Lower North Shore and the Northern Beaches.

The upcoming Sydney Metro, which is expected to commence operations in 2019, will run through Chatswood and Crows Nest, linking Sydney’s North West and South West to Sydney City.

Schools and universities

Some of the most notable schools across Sydney’s North Shore are:

  • Loreto Kirribilli
  • St Aloysius College
  • TAFE NSW Northern Sydney Institute (Hornsby College)
  • TAFE NSW Northern Sydney Institute (St Leonards Campus)
  • TAFE NSW Northern Sydney Institute (Bradfield Senior College)
  • Saint Ignatius’ College Riverview
  • The Northern Sydney Institute (McMahons Point Campus)
  • Australian Catholic University (North Sydney - MacKillop Campus)
  • Sydney Church of England Grammar School
  • St Joseph’s College

Hospitals

Among the major hospitals in North Shore are:

  • Sydney Adventist Hospital (The SAN)
  • Lady Davidson Private Hospital
  • Hornsby Ku-ring-gai Hospital
  • HammondCare McMahons Point Hospital
  • Royal North Shore Hospital
  • North Shore Private Hospital
  • The Mater Hospital

Landmarks

Some of the major landmarks across North Shore are:

  • Luna Park
  • Chinese Christian Church
  • North Sydney Circle Walk
  • Sydney Harbour Bridge
  • Great North Walk
  • Parramatta River Regional Park (Bedlam Bay)
  • The Priory
  • Sydney Harbour National Park
  • HMAS Penguin Naval Base
  • Taronga Zoo
  • Mosman Art Gallery

Shopping centers

Some of the major shopping centres and shopping districts across North Shore are:

  • St Ives Village Shopping Centre
  • Westfield Hornsby Shopping Centre
  • Hornsby Mall
  • Lane Cove Plaza
  • Lane Cove Market Square
  • Chatswood Chase Shopping Centre
  • Westfield Chatswood Shopping Centre
  • Chatswood Central
  • Bridgepoint Shopping Centre

Sports and recreation

North Shore’s residents and visitors enjoy several sports activities, including golf and swimming. The region is home to notable sports centres, such as the North Sydney Olympic Pool and North Sydney Oval.

Other sports centres in Sydney’s North Shore are:

  • Asquith Golf Club
  • Pennant Hills Golf Club
  • Thornleigh Brickpit Sports Stadium
  • Hornsby Aquatic and Leisure Centre
  • Galston Aquatic and Leisure Centre
  • Lane Cove Aquatic Centre
  • Lane Cove Golf Course
  • Castlecove Golf Club 
  • Chatswood Golf Club
  • Northbridge Golf Club
  • Mosman Swim Centre
  • Cammeray Golf Course
  • North Sydney Olympic Pool
  • North Sydney Oval




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