Walsh Bay & Millers Point (prime, ~$78/sqft/yr) is one of 6 Sydney Class A submarkets we track.

  • Walsh Bay & Millers Point sits at prime tier.
  • Average rent $78/sqft/yr vs city average 1480.
  • Compared submarkets: Core CBD (trophy), Barangaroo (trophy), Circular Quay & Bridge (trophy).

Walsh Bay & Millers Point vs other Sydney submarkets

Walsh Bay & Millers Point (prime, ~$78/sqft/yr) is one of 6 Sydney Class A submarkets we track.

TL;DR

  • Walsh Bay & Millers Point sits at prime tier.
  • Average rent $78/sqft/yr vs city average 1480.
  • Compared submarkets: Core CBD (trophy), Barangaroo (trophy), Circular Quay & Bridge (trophy).

Side-by-side with peers

**Core CBD** (trophy, A$1,500/sqm/yr · ≈ $90.6 PSF/yr USD) — Martin Place to Chifley — Sydney's banking spine. **Barangaroo** (trophy, A$1,450/sqm/yr · ≈ $87.6 PSF/yr USD) — Sydney's western waterfront trophy precinct. **Circular Quay & Bridge** (trophy, A$1,620/sqm/yr · ≈ $97.8 PSF/yr USD) — Iconic waterfront — small, premium stock. **North Sydney** (prime, A$1,100/sqm/yr · ≈ $66.4 PSF/yr USD) — Cross-bridge HQ corridor. **Macquarie Park** (established, $48/sqft/yr) — Northern tech and life-sciences cluster.

Key facts

citySydney
submarketWalsh Bay & Millers Point
tierprime
averageRentLocal$78/sqft/yr
cityClassARentUsd$89/sqft/yr
cityVacancyPct12.6%

Frequently asked questions

What other submarkets compete with Walsh Bay & Millers Point in Sydney?
Core CBD, Barangaroo, Circular Quay & Bridge

Related

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

Full sources index · Submit a correction

Related topics