Pyrmont

Pyrmont has seen population growth performance typically on par with national averages when looking at short and medium term trends

Based on AreaSearch's analysis, Pyrmont's population is around 13,970 as of Feb 2026. This reflects an increase of 1,312 people (10.4%) since the 2021 Census, which reported a population of 12,658 people. The change is inferred from the estimated resident population of 13,958 from the ABS as of June 2024 and an additional 21 validated new addresses since the Census date. This population level equates to a density ratio of 15,021 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch, making land in the area a highly sought resource. Pyrmont's 10.4% growth since the 2021 census exceeded the state (7.8%) and Greater Sydney, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration, which contributed approximately 89.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilizing the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Anticipating future population dynamics, a significant population increase in the top quartile of statistical areas analyzed by AreaSearch is forecast, with the area expected to increase by 4,116 persons by 2041 based on the latest annual ERP population numbers, reflecting an increase of 29.4% in total over the 17 years.

Residential development activity is lower than average in Pyrmont according to AreaSearch's national comparison of local real estate markets

Pyrmont has seen only 1 residential development approval in the past five years. This suggests the area is largely built out, with minimal vacant land for development. Such established areas often see steady demand for existing properties, as buyers have few new-build alternatives.

When measured against Greater Sydney, Pyrmont shows substantially reduced construction. This limited new supply generally supports stronger demand and values for established homes. This level is also below average nationally, reflecting the area's maturity and pointing to possible planning constraints.

Pyrmont has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total, 23 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include The Star Sydney - Ritz-Carlton Hotel & Lyric Theatre, Pyrmont Place, The Bays Metro Station & Precinct, and Pyrmont Metro Station & Over Station Development, with the list below detailing those likely to be of most relevance.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Despite maintaining a low unemployment rate of 3.7%, Pyrmont has experienced recent job losses, resulting in a below average employment performance ranking when compared nationally

Pyrmont has a highly educated workforce, with the technology sector a particular standout in terms of representation, and an unemployment rate of only 3.7%. As of December 2025, 8,634 residents are in work while the unemployment rate is 0.5% below Greater Sydney's rate of 4.2%, and workforce participation is on par with Greater Sydney's 70.2%. Based on Census responses, a high 59.8% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents include professional & technical, finance & insurance, and accommodation & food. The area demonstrates a particularly notable concentration in professional & technical, with employment levels at 1.8 times the regional average. On the other hand, health care & social assistance is under-represented, with only 7.8% of Pyrmont's workforce compared to 14.1% in Greater Sydney. With 1.5 workers for every resident, as at the Census, the area functions as an employment hub, hosting more jobs than residents and attracting workers from surrounding areas.

Based on AreaSearch analysis of SALM and ABS data, the 12-month period saw the labour force decreasing by 0.3% while employment declined by 1.2%, causing the unemployment rate to rise by 0.8 percentage points. This contrasts with Greater Sydney, where employment rose by 2.2%, the labour force grew by 2.3%, and unemployment rose marginally. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Pyrmont. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Pyrmont's employment mix suggests local employment should increase by 7.3% over five years and 14.4% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The Pyrmont SA2 shows a median taxpayer income of $63,496 and an average of $100,580 according to the latest postcode level ATO data aggregated by AreaSearch for FY-23. This is exceptionally high nationally, contrasting with Greater Sydney's median income of $60,817 and average income of $83,003. Based on Wage Price Index growth of 8.86% since FY-23, current estimates would be approximately $69,122 (median) and $109,491 (average) as of September 2025. From the 2021 Census, household, family and personal incomes all rank highly in Pyrmont, between the 88th and 94th percentiles nationally. Looking at income distribution, the $1,500 - 2,999 bracket dominates with 30.6% of residents (4,274 people), consistent with broader trends across the broader area showing 30.9% in the same category. Higher earners represent a substantial presence with 41.8% exceeding $3,000 weekly, indicating strong purchasing power within the community. High housing costs consume 20.1% of income, though strong earnings still place disposable income at the 82nd percentile and the area's SEIFA income ranking places it in the 9th decile.

Pyrmont features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Dwelling structure within Pyrmont, as evaluated at the latest Census, comprised 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Sydney metro's 55.9% houses and 44.1% other dwellings. Meanwhile, the level of home ownership within Pyrmont was lagging that of Sydney metro, at 18.3%, with the remainder of dwellings either mortgaged (18.5%) or rented (63.2%). The median monthly mortgage repayment in the area was well above the Sydney metro average at $2,800, while the median weekly rent figure was recorded at $580, compared to Sydney metro's $2,427 and $470. Nationally, Pyrmont's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

Pyrmont features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households dominate at 57.4% of all households, comprising 15.9% couples with children, 33.1% couples without children, and 7.0% single parent families. Non-family households make up the remaining 42.6%, with lone person households at 33.0% and group households comprising 9.6% of the total. The median household size of 2.1 people is smaller than the Greater Sydney average of 2.7.

Pyrmont shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Pyrmont significantly surpasses broader benchmarks, with 59.3% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 32.2% in NSW. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 37.0%, followed by postgraduate qualifications (18.8%) and graduate diplomas (3.5%). Vocational pathways account for 21.3% of qualifications among those aged 15+ – advanced diplomas (11.7%) and certificates (9.6%).

Educational participation is notably high, with 27.2% of residents currently enrolled in formal education. This includes 7.6% in tertiary education, 4.5% in primary education, and 3.6% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Public transport analysis reveals 54 active transport stops operating within Pyrmont, comprising a mix of ferry, light rail, and buses. These stops are serviced by 7 individual routes, collectively providing 5,890 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 119 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 38%, with 29% walking and 11% by bus. Vehicle ownership averages 0.4 per dwelling, which is below the regional average. A high 59.8% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 841 trips per day across all routes, equating to approximately 109 weekly trips per individual stop.

Pyrmont's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Health outcomes data demonstrates outstanding results across Pyrmont, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. There is a very low prevalence of common health conditions across all age groups, and the rate of private health cover is exceptionally high at approximately 71% of the total population (9,974 people). This compares to 59.9% across Greater Sydney and a national average of 55.7%.

The most common medical conditions in the area were found to be asthma and mental health issues, impacting 5.7% and 5.7% of residents, respectively, while 79.1% declared themselves as completely clear of medical ailments compared to 74.6% across Greater Sydney. The area has 15.1% of residents aged 65 and over (2,103 people). Health outcomes among seniors are particularly strong, with national rankings broadly in line with the general population.

Pyrmont is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Pyrmont scores highly on cultural diversity, with 43.1% of its population speaking a language other than English at home and 56.2% born overseas. The main religion in Pyrmont is Christianity, which makes up 37.0% of the population. However, the most apparent overrepresentation is in Buddhism, which comprises 7.0% of the population, compared to 4.1% across Greater Sydney.

In terms of ancestry (country of birth of parents), the top three represented groups in Pyrmont are Other, comprising 18.4% of the population, English, comprising 16.8% of the population, and Chinese, comprising 14.6% of the population, which is substantially higher than the regional average of 8.4%. Additionally, there are notable divergences in the representation of certain other ethnic groups: Spanish is notably overrepresented at 1.3% of Pyrmont (vs 0.6% regionally), Russian at 1.1% (vs 0.4%) and Korean at 1.7% (vs 1.1%).

Pyrmont's population is slightly younger than the national pattern

With a median age of 37, Pyrmont is equal to the Greater Sydney figure of 37 and remains comparable to Australia's 38 years. The 25 - 34 age group shows strong representation at 25.0% compared to Greater Sydney, whereas the 5 - 14 cohort is less prevalent at 5.1%. This 25 - 34 concentration is well above the national 14.4%. In the period since 2021, the 75 to 84 age group has grown from 3.5% to 5.3% of the population, while the 15 to 24 cohort increased from 7.9% to 9.3%. Conversely, the 55 to 64 cohort has declined from 10.5% to 9.4% and the 0 to 4 group dropped from 4.8% to 3.7%. Looking ahead to 2041, demographic projections reveal significant shifts in Pyrmont's age structure. Leading the demographic shift, the 25 to 34 group will grow by 102% (3,553 people), reaching 7,042 from 3,488. Meanwhile, both the 45 to 54 and 35 to 44 age groups will see reduced numbers.