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 13,976 as of November 2025. This figure represents an increase of 1,318 people since the 2021 Census, which recorded a population of 12,658. The change is inferred from the estimated resident population of 13,958 in June 2024 and an additional 19 validated new addresses since the Census date. This results in a population density ratio of 15,028 persons per square kilometer, placing Pyrmont among the top 10% of locations assessed by AreaSearch for land scarcity. Between 2021 and 2024, Pyrmont's population growth exceeded both state (6.7%) and metropolitan area averages, driven primarily by overseas migration contributing approximately 89.0% of overall population gains during recent periods. AreaSearch uses 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 employs NSW State Government's SA2 level projections released in 2022 using 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 forecasted to experience significant population growth, with an increase of 4,116 persons projected based on latest annual ERP population numbers. This reflects a total increase of approximately 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 had only one residential development approval in the past five years. This indicates that the area is largely built out with minimal vacant land available for new developments. Established areas like Pyrmont typically see steady demand for existing properties due to limited new-build alternatives.

Comparing Pyrmont's construction levels to Greater Sydney shows substantially reduced activity, which generally supports stronger demand and values for established homes. This level of development is also below the national average, reflecting the area's maturity and suggesting possible planning constraints may be in place.

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

Twenty-two projects have been identified by AreaSearch as potentially impacting the area's performance. 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. Details of those most relevant are listed below.

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.

Employment performance in Pyrmont has been broadly consistent with national averages

Pyrmont's workforce is highly educated with significant representation in the technology sector. Its unemployment rate was 3.5% as of September 2025.

In that month, 8,632 residents were employed at a rate 0.7% lower than Greater Sydney's 4.2%. Workforce participation in Pyrmont stood at 67.0%, exceeding Greater Sydney's 60.0%. Dominant employment sectors included professional & technical, finance & insurance, and accommodation & food. Notably, the area had a concentration of professional & technical jobs at 1.8 times the regional average, while health care & social assistance was under-represented at 7.8% compared to Greater Sydney's 14.1%.

There were 1.5 workers per resident as recorded in the Census, indicating Pyrmont functions as an employment hub attracting workers from nearby areas. Between September 2024 and September 2025, Pyrmont's 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 increase by 2.1% and the labour force grow by 2.4%. Statewide in NSW, between November 2024 and November 2025, employment contracted by 0.03%, with unemployment at 3.9%. Nationally, the unemployment rate was 4.3%. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% increase 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 this is a simplified 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 SA2 had a median taxpayer income of $63,456 and an average of $105,118 in the 2022 financial year, according to postcode level ATO data aggregated by AreaSearch. This is notably higher than Greater Sydney's median income of $56,994 and average income of $80,856. By September 2025, estimated incomes would be approximately $71,458 (median) and $118,373 (average), based on Wage Price Index growth of 12.61% since the 2022 financial year. The 2021 Census places Pyrmont's household, family, and personal incomes between the 88th and 94th percentiles nationally. Income distribution shows that 30.6% of residents (4,276 people) fall into the $1,500 - $2,999 weekly bracket, which is consistent with broader trends in the area. Notably, 41.8% of residents earn more than $3,000 weekly. High housing costs consume 20.1% of income, but strong earnings place disposable income 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 above-average rates of outright home ownership

The latest Census evaluation of Pyrmont's dwelling structure showed 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metro's 2.3% houses and 97.7% other dwellings. Home ownership in Pyrmont was at 18.3%, with the remainder being mortgaged (18.5%) or rented (63.2%). The median monthly mortgage repayment was $2,800, higher than Sydney metro's average of $2,705. The median weekly rent in Pyrmont was $580, compared to Sydney metro's $550. Nationally, Pyrmont's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were 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 constitute 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 account for 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, 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 residents aged 15 and above have a higher educational attainment than national and state averages. 59.3% of Pyrmont residents hold university qualifications, compared to 30.4% in Australia and 32.2% in NSW. 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 30 active public transport stops offering a mix of ferry, light rail, and bus services. These stops are served by five different routes, together accommodating 3,824 weekly passenger trips. The area's transport accessibility is rated excellent, with residents, on average, located just 123 meters from the nearest stop.

Services run at an average frequency of 546 trips per day across all routes, translating to roughly 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 (10,300 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% report being completely clear of medical ailments compared to 77.4% across Greater Sydney.

Pyrmont has 14.3% of residents aged 65 and over (1,999 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'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 in Pyrmont, accounting for 37.0% of its population. However, Buddhism shows an overrepresentation, comprising 7.0% compared to Greater Sydney's 7.1%.

The top three ancestry groups are Other (18.4%), English (16.8%), and Chinese (14.6%). Some ethnic groups show notable divergences: Spanish is overrepresented at 1.3%, Russian at 1.1%, and Korean at 1.7% compared to regional percentages of 1.0%, 0.8%, and 1.1% respectively.

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 years. 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%. The 5-14 age group makes up 5.2% of Pyrmont's population. Between 2021 and present, the 15 to 24 age group has increased from 7.9% to 9.7%, while the 75 to 84 cohort has risen 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 age group has fallen from 4.8% to 3.7%. By 2041, demographic projections indicate significant shifts in Pyrmont's age structure. Notably, the 25 to 34 age group is projected to grow by 95%, reaching 7,042 people from its current figure of 3,605. Meanwhile, both the 45 to 54 and 35 to 44 age groups are expected to decrease in number.