Pyrmont
Statistical Area - sa2

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

As of August 2025, Pyrmont's population is approximately 13,979. This figure represents an increase of 1,321 people since the 2021 Census, which recorded a population of 12,658. The estimated resident population in June 2024 was 13,958, with an additional 20 validated new addresses contributing to this growth. This results in a population density ratio of 15,031 persons per square kilometer, placing Pyrmont within the top 10% of national locations assessed by AreaSearch. Pyrmont's population growth rate of 10.4% since the 2021 Census exceeded both the state (6.4%) and metropolitan area averages. Overseas migration accounted for approximately 89.0% of overall population gains during recent periods in Pyrmont.

AreaSearch is utilizing ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch uses NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for the years 2032 to 2041. By 2041, Pyrmont is projected to increase by 4,116 persons based on the latest population numbers, reflecting an overall increase of 29.3% over the 17-year period.

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

Pyrmont has seen virtually no dwelling approvals in recent years. Only 1 home was approved over the past five financial years, from FY-21 to FY-25, with none yet approved in FY-26. This low supply, given an average of 32 new residents arriving per year for each dwelling constructed during those years, indicates substantial lagging behind demand.

Consequently, heightened buyer competition and pricing pressures are expected. Meanwhile, commercial development has seen moderate activity this financial year, with $24.5 million in approvals recorded. Compared to Greater Sydney, Pyrmont's building activity is significantly lower. This scarcity of new homes typically strengthens demand and prices for existing properties, reflecting the area's maturity and possible planning constraints, which are below average nationally.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 22 projects likely to affect the area. Notable ones include The Star Sydney Hotel & Theatre Development, Pyrmont Place, The Bays Metro Station & Precinct, and Barangaroo Precinct. The following list details those most relevant:.

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

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AreaSearch assessment positions Pyrmont ahead of most Australian regions for employment performance

Pyrmont has a highly educated workforce with notable representation in the technology sector. Its unemployment rate was 3.1% as of June 2025, which is below Greater Sydney's rate of 4.2%.

Over the past year, employment levels increased by 0.4%, while labour force grew by 0.6%, leading to a rise in unemployment rate by 0.2 percentage points. As of the Census, there were 1.5 workers for every resident, indicating that Pyrmont functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. The dominant employment sectors among residents include professional & technical, finance & insurance, and accommodation & food. Notably, the area shows strong specialization in professional & technical with an employment share of 1.8 times the regional level.

Conversely, health care & social assistance has limited presence with 7.8% employment compared to 14.1% regionally. Workforce participation in Pyrmont is higher than Greater Sydney's at 67.0%. According to AreaSearch analysis of SALM and ABS data, during the year to June 2025, employment levels increased by 0.4% and labour force grew by 0.6%, causing unemployment rate to rise by 0.2 percentage points. By comparison, Greater Sydney recorded employment growth of 2.6%, labour force growth of 2.9%, with unemployment rising 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment expansion by 6.6% over five years and 13.7% over ten years. Applying these projections to Pyrmont's employment mix suggests local growth of approximately 7.3% over five years and 14.4% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

Pyrmont's income level ranks among the top percentile nationally based on latest ATO data aggregated by AreaSearch for financial year ended June 2022. Pyrmont's median income among taxpayers was $63,456 and average income stood at $105,118, compared to Greater Sydney's figures of $56,994 and $80,856 respectively. Using Wage Price Index growth of 12.61% since financial year ended June 2022, current estimates are approximately $71,458 (median) and $118,373 (average) as of September 2025. According to Census data from 2021, Pyrmont's household, family, and personal incomes rank highly nationally, between the 89th and 95th percentiles. Income brackets show that 30.6% of Pyrmont's population (4,277 individuals) fall within the $1,500 - $2,999 income range, similar to patterns seen in the region where 30.9% occupy this range. Higher earners make up a substantial presence with 41.8% exceeding $3,000 weekly. High housing costs consume 20.1% of income, however strong earnings place disposable income at the 82nd percentile nationally 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 above-average rates of outright home ownership

In Pyrmont, as per the latest Census evaluation, 0.0% of dwellings were houses while 100.0% were other types such as semi-detached homes and apartments. This contrasts with Sydney metropolitan area's figures of 2.3% houses and 97.7% other dwellings. Home ownership in Pyrmont stood at 18.3%, with mortgaged properties at 18.5% and rented dwellings at 63.2%. The median monthly mortgage repayment was $2,800, higher than Sydney metro's average of $2,705. Median weekly rent in Pyrmont was $580 compared to Sydney metro's $550. Nationally, Pyrmont's mortgage repayments were significantly higher at $1,863 and rents substantially above the national figure of $375.

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

Family households account for 57.4% of all households, including 15.9% that are couples with children, 33.1% that are couples without children, and 7.0% that are 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%. The median household size is 2.1 people, which is larger than the Greater Sydney average of 1.9.

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

Pyrmont's educational attainment is notably higher than national averages. Among residents aged 15 and above, 59.3% hold university qualifications, compared to Australia's 30.4% and NSW's 32.2%. Bachelor degrees are the most common at 37.0%, followed by postgraduate qualifications (18.8%) and graduate diplomas (3.5%). Vocational pathways account for 21.3%, with advanced diplomas at 11.7% and certificates at 9.6%.

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

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

Pyrmont has 30 active public transport stops operating, offering a mix of ferry, light rail, and bus services. These stops are served by 5 different routes that collectively facilitate 3,824 weekly passenger trips. The accessibility of these transport options is rated as excellent, with residents typically residing just 123 meters from the nearest stop.

On average, there are 546 trips per day across all routes, which equates to approximately 127 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 shows excellent results across Pyrmont, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 74% of the total population (10,302 people), compared to 69.7% across Greater Sydney and a national average of 55.3%. The most common medical conditions in the area are asthma and mental health issues, affecting 5.7% and 5.7% of residents respectively, while 79.1% declare themselves completely clear of medical ailments, compared to 77.4% across Greater Sydney.

Pyrmont has 14.3% of residents aged 65 and over (2,000 people), which is higher than the 9.7% in Greater Sydney. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

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 has a high level of cultural diversity, with 43.1% of its population speaking a language other than English at home and 56.2% born overseas. Christianity is the predominant religion in Pyrmont, comprising 37.0% of its population. Notably, Buddhism is overrepresented in Pyrmont compared to Greater Sydney, making up 7.0% versus 7.1%.

In terms of ancestry, the top three groups are Other (18.4%), English (16.8%), and Chinese (14.6%). There are also notable divergences in the representation of certain ethnic groups: Spanish is overrepresented at 1.3%, Russian at 1.1%, and French at 1.0%.

Pyrmont's population is slightly younger than the national pattern

Pyrmont's median age is 37, matching Greater Sydney's figure of 37 and closely resembling Australia's median age of 38. The 25-34 age group constitutes 25.8% of Pyrmont's population, higher than Greater Sydney's percentage but lower than the national average of 14.5%. Meanwhile, the 5-14 cohort makes up 5.2% of Pyrmont's population. Between 2021 and the present, the 15 to 24 age group has risen from 7.9% to 9.7%, while the 75 to 84 cohort has increased from 3.5% to 4.9%. Conversely, the 55 to 64 age group has decreased from 10.5% to 9.3%, and the 0 to 4 group has fallen from 4.8% to 3.7%. Looking forward to 2041, demographic projections indicate significant shifts in Pyrmont's age structure. The 25 to 34 age group is projected to grow by 95% (3,435 people), reaching 7,042 from its current size of 3,606. Meanwhile, both the 45 to 54 and 35 to 44 age groups are expected to decrease in number.