Pyrmont
Statistical Area - sa2

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 was around 13,979 as of Aug 2025. This reflected an increase of 1,321 people (10.4%) since the 2021 Census, which reported a population of 12,658 people. The change was inferred from the estimated resident population of 13,958 from the ABS as of June 2024 and an additional 20 validated new addresses since the Census date. This level of population equated to a density ratio of 15,031 persons per square kilometer, which placed Pyrmont in the top 10% of national locations assessed by AreaSearch, making land in the area highly sought after. Pyrmont's growth of 10.4% since the 2021 census exceeded both the state (6.4%) and metropolitan area figures, marking it as a growth leader in the region. Population growth was primarily driven by overseas migration, which contributed approximately 89.0% of overall population gains during recent periods.

AreaSearch adopted 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 utilised NSW State Government's SA2 level projections, released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations were applied to all areas for years 2032 to 2041. A significant population increase was forecast for Pyrmont, with an expected increase of 4,116 persons to 2041 based on the latest population numbers, reflecting an overall increase of 29.3% 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 averaged approximately 53 new dwelling approvals per year. Development approval data from the Australian Bureau of Statistics (ABS) shows that between financial years FY20 to FY25, there were a total of 266 dwellings approved. However, as of now in FY26, there have been no dwelling approvals recorded. On average, over these past five financial years, approximately 32 people moved to the area for each dwelling built.

This significant discrepancy between supply and demand typically results in increased buyer competition and pricing pressures. Additionally, commercial development approvals valued at $24.5 million have been recorded so far this financial year, indicating steady commercial investment activity in the area. Comparing Pyrmont's building activity with Greater Sydney reveals markedly lower figures, which usually strengthens demand and prices for existing properties due to scarcity of new homes.

This trend is also below average nationally, suggesting potential planning constraints related to the area's maturity. Population forecasts indicate that Pyrmont will gain 4,095 residents by the year 2041. Given current development rates, it may be challenging for housing supply to keep pace with population growth, potentially exacerbating buyer competition and supporting price increases in the future.

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

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified 24 projects expected to impact the area. Notable projects include Barangaroo Precinct, The Star Sydney Hotel & Theatre Development, Pyrmont Place, and The Bays Metro Station & Precinct. Relevant projects are listed below.

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

The employment environment in Pyrmont shows above-average strength when compared nationally

Pyrmont has a highly educated workforce with notable representation in the technology sector. As of June 2025, its unemployment rate is 3.1%.

The area has shown relative employment stability over the past year. In June 2025, Pyrmont's unemployment rate was 1.0% lower than Greater Sydney's rate of 4.2%, and workforce participation was higher at 67.0% compared to Greater Sydney's 60.0%. The leading employment industries among residents are professional & technical, finance & insurance, and accommodation & food. Pyrmont has a strong specialization in professional & technical services, with an employment share of 1.8 times the regional level.

However, health care & social assistance is under-represented, with only 7.8% of Pyrmont's workforce compared to 14.1% in Greater Sydney. As at the Census, there are 1.5 workers for every resident, indicating that Pyrmont functions as an employment hub attracting workers from surrounding areas. Over the 12 months to June 2025, employment in Pyrmont increased by 0.4%, while labour force increased by 0.6%, resulting in a rise of unemployment by 0.2 percentage points. In comparison, Greater Sydney saw employment grow by 2.6%, labour force expand by 2.9%, and unemployment rise by 0.3 percentage points. Providing broader context, state-level data to Sep-25 shows NSW employment contracted by 0.41% (losing 19,270 jobs), with the state unemployment rate at 4.3%. Nationally, the unemployment rate was 4.5%, and employment growth lagged behind the national average of 0.26%. Jobs and Skills Australia's national employment forecasts from May 2025 suggest that national employment is projected to expand 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, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

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

Pyrmont had a median taxpayer income of $63,456 and an average income of $105,118 in the financial year 2022, according to postcode level ATO data aggregated by AreaSearch. This places Pyrmont among the top percentile nationally, compared to Greater Sydney's median income of $56,994 and average income of $80,856. Based on a 10.6% increase in wages since financial year 2022, current estimates for March 2025 would be approximately $70,182 (median) and $116,261 (average). Census 2021 data shows incomes in Pyrmont rank highly nationally, with household, family, and personal incomes between the 89th and 95th percentiles. The predominant income cohort spans 30.6% of locals (4,277 people) earning $1,500 - 2,999 weekly, similar to the regional pattern where 30.9% fall into this range. Reflecting its affluence, 41.8% of Pyrmont residents earn over $3,000 per week, supporting premium retail and service offerings. High housing costs consume 20.1% of income, but strong earnings result in 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 dwelling structure in Pyrmont, as per the latest Census, consisted entirely of non-household dwellings such as apartments and semi-detached units. This is in contrast to Sydney metropolitan areas which had 2.3% houses and 97.7% other dwellings. Home ownership in Pyrmont stood at 18.3%, with mortgaged dwellings at 18.5% and rented ones at 63.2%. The median monthly mortgage repayment in the area was $2,800, which is higher than Sydney's average of $2,705. The median weekly rent figure for Pyrmont was recorded as $580 compared to Sydney's $550. Nationally, Pyrmont's mortgage repayments were significantly higher at $2,800 against 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 comprise the remaining 42.6%, with lone person households at 33.0% and group households making up 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

Educational attainment in Pyrmont is notably high, with 59.3% of residents aged 15 years and over holding university qualifications as of the latest data point. This compares to 30.4% at the national level and 32.2% in New South Wales (NSW). Bachelor degrees are most common among Pyrmont residents, with 37.0%, followed by postgraduate qualifications at 18.8% and graduate diplomas at 3.5%. Vocational pathways make up 21.3% of qualifications, comprising advanced diplomas at 11.7% and certificates at 9.6%.

Educational participation is also high in Pyrmont, with 27.2% of residents currently enrolled in formal education. This includes 7.6% pursuing tertiary education, 4.5% in primary education, and 3.6% in secondary education. However, educational facilities may be located outside the immediate catchment boundaries, requiring families to access schools in neighboring areas.

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 5 different routes that collectively facilitate 3,824 weekly passenger trips. Transport accessibility is rated highly, with residents typically living within 123 meters of the nearest stop.

Service frequency averages 546 trips per day across all routes, translating 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.

A total of 79.1% of residents declared 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 aligning 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% speaking a language other than English at home and 56.2% born overseas. Christianity is the main religion in Pyrmont, comprising 37.0% of its population. Buddhism is overrepresented compared to Greater Sydney, making up 7.0% versus 7.1%.

The top three ancestry groups are Other (18.4%), English (16.8%), and Chinese (14.6%). Notably, Spanish (1.3%) and Russian (1.1%) are overrepresented in Pyrmont compared to regional figures of 1.0% and 0.8%, respectively. French is slightly underrepresented 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 comprises 25.8% of Pyrmont's population, higher than Greater Sydney's percentage but lower than the national average of 14.5%. The 5-14 cohort makes up 5.2%, which is less prevalent compared to Greater Sydney. Between 2021 and present, the 15-24 age group has increased from 7.9% to 9.7%, while the 75-84 group grew from 3.5% to 4.9%. Conversely, the 55-64 cohort decreased from 10.5% to 9.3%, and the 0-4 group fell from 4.8% to 3.7%. By 2041, demographic projections indicate significant changes in Pyrmont's age structure. Notably, the 25-34 age group is projected to grow by 95% (an increase of 3,435 people), reaching a total of 7,042 from the current figure of 3,606. Meanwhile, both the 45-54 and 35-44 age groups are expected to decrease in number.