Located approximately 3 km’s North of Sydney’s CBD and covers an area of approximately 0.2 km².

Milsons Point is the first entry point upon exiting the Harbour Bridge from the South. Transport to and from the city includes road, rail and ferry, and you will see many residents of Milsons Point crossing the bridge on foot. 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 was named after James Milson (1785-1872), a free settler originally from Lincolnshire who settled in the then-almost uninhabited district in 1824. Located directly opposite Sydney Cove, the spot where the first European settlement was established in 1788. Governor Brisbane granted Milson a total of 350 acres (1.4 km2) of land fronting the Harbour. However, following a house fire in which all his land deeds were destroyed, his entitlement to the land was disputed and Milson's holdings in the area were reduced in 1830 to 50 acres (200,000 m2) back from the Harbour. As compensation for the lost land, he was granted a holding that now encompasses the suburbs of Thornleigh and Normanhurst. A far cry from the harbour vista he previously enjoyed!

Finally, Luna Park reopens in 2004 with it still in operation today.Alfred Street is the main thoroughfare through Milsons Point and if you travel right to the very end, you’ll stumble across the friendly face of Luna Park (http://www.lunaparksydney.com/), Sydney’s most scenic and popular Amusement Park, based on the success of the first Luna Park which opened on Coney Island, New York in 1903. Luna Park was constructed in 1935, running for nine-month seasons until 1972 when it was opened all year round. Following the Ghost Train fire, which killed six children and one adult, it was shut down and demolished in 1979 and didn’t reopen again until 1982. 1988 saw it closing down again for renovations with another re-opening 1995. 13 months later, noise pollution complaints from residents on the clifftop above the park caused from the Big Dipper rollercoaster.

Opposite Luna Park is the North Sydney Olympic Pool, which opened its doors on 4 April 1936. Emblazoned with art deco designs and brickwork. Its modern water filtration system provided a healthier swimming environment and it was nicknamed 'the wonder pool'. When Sydney hosted the 1938 Empire Games, the Milsons Point pool, already an established fixture for swimming competitions and even used as a film set, was the stage for the Games' swimming and diving programs.

References

Wikipedia
Dictionary of Sydney
North Sydney Council
Mosman Council
www.sydney.com
Trip Advisor
www.kirribilli.org.au/
www.weekendnotes.com
sydney travellers guide