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 approximately 13,933 as of May 2026. This figure represents an increase of 1,275 people since the 2021 Census, which reported a population of 12,658. The change is inferred from the estimated resident population of 13,933 from the ABS in June 2025 and an additional 19 validated new addresses since the Census date. This results in a population density ratio of 14,981 persons per square kilometer, placing Pyrmont in the top 10% of national locations assessed by AreaSearch. The area's population growth of 10.1% since the 2021 census exceeded both the state average of 7.1% and Greater Sydney's growth rate, making it a growth leader in the region. Overseas migration contributed approximately 93.4% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections released in 2022 using 2021 as the base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Based on projected demographic shifts, a significant population increase is forecasted for Pyrmont, with an expected growth of 3,971 persons by 2041, reflecting a total increase of 28.5% over the 16-year period, according to the latest annual ERP population numbers.

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 reflects a fully developed suburb with limited opportunities for new construction. The absence of new supply generally supports demand for established properties and contributes to price stability.

Relative to Greater Sydney, Pyrmont shows substantially reduced construction activity. This limited new supply generally supports stronger demand and higher values for established homes compared to the national average, indicating the area's established nature and suggesting potential planning limitations.

Pyrmont has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 22 projects that could affect the region. Notable initiatives include The Star Sydney - Ritz-Carlton Hotel & Lyric Theatre, Pyrmont Place, Pyrmont Metro Station & Over Station Development, and Glebe Island Bridge Restoration. 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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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 notable representation in the technology sector. Its unemployment rate is 3.7%. As of December 2025, 8634 residents are employed, with an unemployment rate of 3.7%, which is 0.5% below Greater Sydney's rate of 4.2%.

Workforce participation is similar to Greater Sydney's at 68.8%. According to Census responses, 59.8% of residents work from home. Leading employment industries are professional & technical, finance & insurance, and accommodation & food. The area has a strong specialization in professional & technical services, with an employment share of 1.8 times the regional level.

Health care & social assistance employs 7.8% of local workers, below Greater Sydney's 14.1%. There are 1.5 workers for every resident, indicating Pyrmont functions as an employment hub attracting workers from surrounding areas. Between December 2024 and December 2025, the labour force decreased by 0.3% while employment decreased by 1.2%, causing the unemployment rate to rise by 0.8 percentage points. By comparison, Greater Sydney recorded employment growth of 2.2%. National employment forecasts from Jobs and Skills Australia 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, assuming constant population projections 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 has one of the highest income levels nationally, based on latest ATO data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Pyrmont is $63,496, with an average income of $100,580. This compares to Greater Sydney's figures of $60,817 and $83,003 respectively. By March 2026, estimates suggest the median income will be approximately $70,049 and the average $110,960, accounting for Wage Price Index growth of 10.32% since financial year 2023. According to 2021 Census figures, Pyrmont's household, family, and personal incomes rank highly nationally, between the 88th and 94th percentiles. The earnings profile shows that 30.6% of individuals earn within the $1,500 - 2,999 bracket, similar to the metropolitan region at 30.9%. Notably, 41.8% earn over $3,000 per week, supporting premium retail and service offerings. Despite high housing costs consuming 20.1% of income, disposable income ranks in the 82nd percentile nationally, with Pyrmont's SEIFA income ranking placing 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 in Pyrmont, as evaluated at the latest Census held on 28 August 2016, comprised 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metropolitan area's 55.9% houses and 44.1% other dwellings. Home ownership level in Pyrmont was at 18.3%, with the remainder of dwellings either mortgaged (18.5%) or rented (63.2%). The median monthly mortgage repayment in the area, as of 2016 data, was $2,800, while the median weekly rent figure was recorded at $580. Nationally, Pyrmont's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were 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. Non-family households constitute 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 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 is notably high, with 59.3% of residents aged 15+ holding university qualifications. This exceeds national (30.4%) and state (32.2%, NSW) averages. 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% 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 serving a mix of ferry, lightrail, and bus services. These stops are covered by 7 different routes, collectively facilitating 5,890 weekly passenger trips. Transport accessibility is excellent, with residents typically located 119 meters from the nearest stop. Most residents commute outward due to its residential nature. Car remains the primary mode of transport at 38%, followed by walking at 29% and bus at 11%. Vehicle ownership averages 0.4 per dwelling, lower than the regional average.

According to the 2021 Census, a high 59.8% of residents work from home, potentially due to COVID-19 conditions. Service frequency across all routes averages 841 trips per day, 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 notable results for Pyrmont. AreaSearch's assessment found very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 71% of the total population (9,948 people), compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most prevalent medical conditions are asthma and mental health issues, affecting 5.7% and 5.7% of residents respectively. A significant majority, 79.1%, reported being completely clear of medical ailments, compared to 74.6% in Greater Sydney. Pyrmont has 14.5% of its population aged 65 and over (2,025 people). Health outcomes among seniors are strong, with national rankings generally aligned with the broader 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 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, making up 37.0% of its population. However, Buddhism is notably overrepresented, comprising 7.0% compared to the regional average of 4.1%.

The top three ancestry groups in Pyrmont are Other (18.4%), English (16.8%), and Chinese (14.6%), which is higher than the regional average of 8.4%. Notably, Spanish (1.3%) and Russian (1.1%) populations are overrepresented compared to their regional averages of 0.6% and 0.4%, respectively. Additionally, Korean ancestry is also notably present at 1.7%, slightly above the regional average of 1.1%.

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 26.0% of Pyrmont's population, higher than Greater Sydney's percentage. Conversely, the 5-14 age group makes up 4.8%, lower than the Greater Sydney figure. Nationally, the 25-34 age group represents 14.6%. Between 2021 and present, Pyrmont's 15 to 24 age group grew from 7.9% to 11.8%, while the 75 to 84 cohort increased from 3.5% to 5.1%. During this period, the 55 to 64 age group decreased from 10.5% to 8.7%, and the 0 to 4 group dropped from 4.8% to 3.2%. By 2041, demographic projections indicate significant shifts in Pyrmont's age structure. The 25-34 age group is projected to grow by 98%, reaching 7,172 people from the current 3,617. Meanwhile, both the 45-54 and 35-44 age groups are expected to decrease in number.