Pyrmont

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

Pyrmont's population was around 13,970 as of February 2026, reflecting an increase of 1,312 people since the 2021 Census. This growth rate of 10.4% exceeded both the state average (7.8%) and Greater Sydney. The change was inferred from ABS estimates: Pyrmont's population was 13,958 in June 2024, with an additional 21 validated new addresses since the Census date. Overseas migration contributed approximately 89.0% of overall population gains during recent periods. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 using a base year of 2022. For areas not covered by this data, NSW State Government's SA2 level projections are used, released in 2022 with a base year of 2021.

Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. By 2041, Pyrmont is forecast to increase by 4,116 persons based on the latest annual ERP population numbers, reflecting a total increase of 29.4% 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 only one residential development approval in the past five years. This suggests that the area is largely built out with minimal vacant land for new developments. Established areas like Pyrmont often see steady demand for existing properties due to limited new-build alternatives.

Compared to Greater Sydney, Pyrmont shows substantially reduced construction activity. The limited new supply generally supports stronger demand and higher values for established homes in the area. This level of development is also below average nationally, reflecting the area's maturity and potentially indicating planning constraints.

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

The performance of an area is significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 23 projects that are expected to impact the area. Notable projects include The Star Sydney - Ritz-Carlton Hotel & Lyric Theatre, Pyrmont Place, The Bays Metro Station & Precinct, and Pyrmont Metro Station & Over Station Development. The following list details those projects likely to be most relevant.

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

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Employment performance in Pyrmont has been broadly consistent with national averages

Pyrmont has a highly educated workforce with the technology sector being particularly prominent. As of September 2025, its unemployment rate is 3.5%. In this month, 8,632 residents are employed while the unemployment rate is 0.7% lower than Greater Sydney's rate of 4.2%.

Workforce participation in Pyrmont matches Greater Sydney's figure of 70.0%. According to Census responses, 59.8% of residents work from home, potentially influenced by Covid-19 lockdowns. The dominant employment sectors are professional & technical, finance & insurance, and accommodation & food. Notably, professional & technical jobs are concentrated in Pyrmont at 1.8 times the regional average.

Conversely, health care & social assistance is under-represented with only 7.8% of Pyrmont's workforce compared to Greater Sydney's 14.1%. There are 1.5 workers for every resident, indicating that Pyrmont functions as an employment hub attracting workers from surrounding areas. Between September 2024 and September 2025, the labour force decreased by 1.3% while employment declined by 1.7%, causing unemployment to rise by 0.4 percentage points. In contrast, Greater Sydney saw employment grow by 2.1%, labour force increase by 2.4%, and unemployment rise by 0.2 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Pyrmont's employment mix suggests local employment should increase by 7.3% over five years and 14.4% over ten years, though these are simple extrapolations for illustrative purposes only.

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

Pyrmont SA2 had a median taxpayer income of $63,496 and an average income of $100,580 in the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is notably higher than Greater Sydney's median income of $60,817 and average income of $83,030 during the same period. Based on a Wage Price Index growth rate of 8.86% since financial year 2023, estimated incomes as of September 2025 would be approximately $69,122 (median) and $109,491 (average). According to the 2021 Census, household, family, and personal incomes in Pyrmont rank highly nationally, between the 88th and 94th percentiles. Income distribution shows that the majority of residents, 30.6% or 4,274 people, fall within the $1,500 - $2,999 weekly income bracket, which aligns with broader trends across the broader area at 30.9%. A substantial proportion of residents, 41.8%, earn more than $3,000 weekly, indicating strong purchasing power in the community. High housing costs consume 20.1% of income, but despite this, disposable income ranks at the 82nd percentile nationally. 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

Pyrmont's dwellings, as per the latest Census, were 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Pyrmont was 18.3%, with mortgaged dwellings at 18.5% and rented ones at 63.2%. The median monthly mortgage repayment was $2,800, higher than Sydney metro's average of $2,427. Median weekly rent in Pyrmont was $580, compared to Sydney metro's $470. 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 lower-than-average median household size

Family households account for 57.4% of all households, including 15.9% couples with children, 33.1% couples without children, and 7.0% single parent families. The remaining 42.6% are non-family households, consisting of 33.0% lone person households and 9.6% group households. The median household size is 2.1 people, which 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

Pyrmont's educational attainment is notably higher than national averages. Among residents aged 15 and above, 59.3% possess university qualifications, compared to Australia's 30.4% and New South Wales' 32.2%. This high level of educational attainment positions Pyrmont favourably for knowledge-based opportunities. Bachelor degrees are the most common (37.0%), followed by postgraduate qualifications (18.8%) and graduate diplomas (3.5%).

Vocational pathways account for 21.3% of qualifications, 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 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

Pyrmont has 54 active public transport stops offering a mix of ferry, light rail, and bus services. These stops are served by 7 different routes, facilitating 5,890 weekly passenger trips in total. The area's transport accessibility is rated excellent, with residents typically living just 119 meters from the nearest stop. As a predominantly residential zone, most commuters travel outward. Cars remain the primary mode of transport at 38%, followed by walking at 29% and bus use at 11%. Vehicle ownership averages 0.4 per dwelling, lower than the regional average.

According to the 2021 Census, a high proportion (59.8%) of residents work from home, possibly due to COVID-19 conditions. Service frequency across all routes averages 841 trips daily, 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 shows excellent results for Pyrmont based on AreaSearch's assessment. Mortality rates and chronic condition prevalence were very low across all age groups. Private health cover was exceptionally high at approximately 71% of the total population (9,974 people), compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most common medical conditions were asthma and mental health issues, affecting 5.7% and 5.7% of residents respectively. 79.1% of residents declared themselves completely clear of medical ailments, compared to 74.6% in Greater Sydney. The area has 15.1% of residents aged 65 and over (2,103 people). Health outcomes among seniors are particularly strong, broadly aligning with national rankings for 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's cultural diversity is notable, with 43.1% speaking a language other than English at home and 56.2% born overseas. Christianity is the predominant religion, comprising 37.0%. Buddhism is overrepresented at 7.0%, compared to Greater Sydney's 4.1%.

Top ancestry groups are Other (18.4%), English (16.8%), and Chinese (14.6%), which exceeds Greater Sydney's average of 8.4%. Spanish (1.3% vs regional 0.6%), Russian (1.1% vs 0.4%), and Korean (1.7% vs 1.1%) are notably overrepresented.

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 38 years. The 25-34 age group constitutes 25.0% of Pyrmont's population compared to Greater Sydney's, while the 5-14 cohort makes up 5.1%. This 25-34 concentration is notably higher than the national average of 14.4%. Between 2021 and present, the 75-84 age group has increased from 3.5% to 5.3%, and the 15-24 cohort has risen from 7.9% to 9.3%. Conversely, the 55-64 cohort has decreased from 10.5% to 9.4%, and the 0-4 group has dropped from 4.8% to 3.7%. By 2041, demographic projections indicate significant shifts in Pyrmont's age structure. The 25-34 group is projected to grow by 102% (3,553 people), reaching 7,042 from its current figure of 3,488. Meanwhile, both the 45-54 and 35-44 age groups are expected to see reduced numbers.