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 13,976 as of November 2025. This reflected an increase of 1,318 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 19 validated new addresses since the Census date. This level of population equated to a density ratio of 15,028 persons per square kilometer, placing Pyrmont in the top 10% of national locations assessed by AreaSearch, indicating high demand for land in the area. Pyrmont's growth of 10.4% since the 2021 Census exceeded both the state (6.7%) and metropolitan area averages, positioning it as a growth leader in the region. Overseas migration 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. Based on latest annual ERP population numbers, a significant population increase was forecasted for Pyrmont, with an expected rise of 4,116 persons to 2041, 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 minimal dwelling approvals in recent years. Only 1 home was approved between FY21 and FY25, with none approved so far in FY26. This low supply is concerning given the average of 32 new residents per year arriving per dwelling constructed during those five financial years.

Consequently, demand substantially outstrips supply, likely leading to heightened buyer competition and pricing pressures. In contrast, commercial development has been more active this financial year with $24.5 million in approvals recorded. However, when compared to Greater Sydney, Pyrmont's building activity is notably lower. This scarcity of new homes often strengthens demand and prices for existing properties. Nationally, Pyrmont's figures are below average, reflecting the area's maturity and potential planning constraints.

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 identified 22 projects potentially affecting the area. Notable ones are The Star Sydney - Ritz-Carlton Hotel & Lyric Theatre, Pyrmont Place, The Bays Metro Station & Precinct, and Pyrmont Metro Station & Over Station Development.

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. As of June 2025, its unemployment rate is 3.1%, lower than Greater Sydney's rate of 4.2%.

Over the past year, employment levels increased by 0.4% and labour force grew by 0.6%, leading to a rise in unemployment rate by 0.2 percentage points. The dominant employment sectors among residents are professional & technical, finance & insurance, and accommodation & food. Pyrmont shows strong specialization in professional & technical services with an employment share of 1.8 times the regional level. Health care & social assistance has limited presence at 7.8% compared to the regional average of 14.1%.

With 1.5 workers per resident, Pyrmont functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. By comparison, Greater Sydney recorded employment growth of 2.6%, labour force growth of 2.9%, with unemployment rising by 0.3 percentage points during the same period. State-level data to Nov-25 shows NSW employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%. Nationally, employment is forecast to expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to Pyrmont's employment mix suggests local employment should increase by 7.3% over five years and 14.4% over ten years.

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

Pyrmont SA2's income level is among the top percentile nationally according to AreaSearch's aggregation of latest ATO data for financial year 2022. The median income among taxpayers in Pyrmont SA2 is $63,456 and the average income stands at $105,118. These figures compare to Greater Sydney's median income of $56,994 and average income of $80,856 respectively. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates for Pyrmont SA2 would be approximately $71,458 (median) and $118,373 (average) as of September 2025. According to Census 2021 income data, household, family, and personal incomes in Pyrmont rank highly nationally, between the 88th and 94th percentiles. Income brackets indicate that 30.6% of the population (4,276 individuals) fall within the $1,500 - $2,999 income range. Higher earners represent a substantial presence with 41.8% exceeding $3,000 weekly. High housing costs consume 20.1% of income, yet 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

In Pyrmont, as per the latest Census, all dwellings were semi-detached, apartments, or 'other', unlike Sydney metro where 2.3% were houses. Home ownership in Pyrmont was 18.3%, with mortgaged dwellings at 18.5% and rented ones at 63.2%. The median monthly mortgage repayment in Pyrmont was $2,800, exceeding 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 higher at $2,800 versus Australia's 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 account for 57.4 percent of all households, including 15.9 percent couples with children, 33.1 percent couples without children, and 7.0 percent single parent families. Non-family households constitute the remaining 42.6 percent, with lone person households at 33.0 percent and group households comprising 9.6 percent of the total. 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+ holding university qualifications compared to national (30.4%) and NSW (32.2%) averages. Bachelor degrees are most prevalent at 37.0%, followed by postgraduate qualifications (18.8%) and graduate diplomas (3.5%). Vocational pathways account for 21.3% of qualifications among those aged 15+, with advanced diplomas making up 11.7% and certificates 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 individual routes that collectively provide 3,824 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 123 meters from the nearest stop.

Service frequency averages 546 trips per day across all routes, equating 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 (10,300 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, impacting 5.7 and 5.7% of residents respectively, while 79.1% declared themselves 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 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 main religion in Pyrmont, accounting for 37.0% of people. Buddhism is overrepresented in Pyrmont compared to Greater Sydney, comprising 7.0% versus 7.1%.

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

Pyrmont's population is slightly younger than the national pattern

Pyrmont has a median age of 37, matching Greater Sydney's figure 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, while the 5-14 cohort comprises 5.2%. Nationally, the 25-34 age group represents 14.5%, significantly lower than Pyrmont's figure. Between 2021 and present, the 15 to 24 age group has risen from 7.9% to 9.7%, while the 75 to 84 cohort 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 dropped from 4.8% to 3.7%. By 2041, demographic projections indicate notable shifts in Pyrmont's age structure. Notably, the 25-34 age group is projected to grow by 95%, reaching 7,042 people from its current figure of 3,605. Meanwhile, both the 45-54 and 35-44 age groups are expected to see reduced numbers.