Pyrmont
Statistical Area - sa2

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

Pyrmont's population is around 13,976 as of November 2025. This reflects an increase of 1,318 people since the 2021 Census, which reported a population of 12,658. The change was inferred from the estimated resident population of 13,958 from the ABS in June 2024 and an additional 19 validated new addresses since the Census date. This level of population equates 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 rate of 10.4% since the 2021 Census exceeded both the state (6.7%) and metropolitan area rates, marking it as a growth leader in the region. Overseas migration contributed approximately 89.0% of overall population gains during recent periods.

AreaSearch adopts 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 with 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 latest population numbers, a significant increase is forecasted for Pyrmont, with an expected rise of 4,116 persons to 2041, reflecting a total 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 seen virtually no dwelling approvals in recent years. Over the past five financial years, from FY21 to FY25, only one home was approved, with none yet approved in FY26. This low supply is significant given that an average of 32 new residents per year have arrived per dwelling constructed during this period.

Consequently, demand substantially outstrips supply, leading to heightened buyer competition and pricing pressures. Meanwhile, commercial development approvals total $24.5 million in the current financial year, indicating moderate levels of commercial development. Compared to Greater Sydney, Pyrmont's building activity is notably lower, further strengthening demand and prices for existing properties. This scarcity of new homes is also below national averages, suggesting maturity in the area and possible planning constraints.

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

Twenty-two projects identified by AreaSearch are expected to impact the area significantly, with major changes to local infrastructure influencing performance greatly. 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. The following list details those likely to be most relevant.

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. Its unemployment rate was 3.1% as of June 2025, which is 1.1 percentage points lower than Greater Sydney's rate of 4.2%.

Workforce participation in Pyrmont stands at 67.0%, compared to Greater Sydney's 60.0%. The dominant employment sectors among residents include professional & technical services, finance & insurance, and accommodation & food services. Pyrmont shows strong specialization in professional & technical services, with an employment share of 180% of the regional level. Conversely, health care & social assistance has limited presence at 7.8%, compared to 14.1% regionally.

As of the Census, there are 1.5 workers for every resident in Pyrmont, indicating its role as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Between June 2024 and June 2025, employment levels increased by 0.4% while labour force grew by 0.6%, causing the unemployment rate to rise by 0.2 percentage points in Pyrmont. In comparison, Greater Sydney recorded employment growth of 2.6%, labour force growth of 2.9%, and an unemployment rate increase of 0.3 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% expansion in employment over five years and 13.7% over ten years nationally. 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 these are simple weighted extrapolations for illustrative purposes and do 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's income level is among the top percentile nationally according to latest ATO data aggregated by AreaSearch for financial year 2022. Pyrmont's median income among taxpayers is $63,456 and average income stands at $105,118, compared to Greater Sydney's figures of $56,994 and $80,856 respectively. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates would be approximately $71,458 (median) and $118,373 (average) as of September 2025. Census 2021 income data shows household, family and personal incomes all rank highly in Pyrmont, between the 89th and 95th percentiles nationally. Income brackets indicate 30.6% of the population (4,276 individuals) fall within the $1,500 - 2,999 income range, reflecting patterns seen in the region where 30.9% similarly occupy this range. Higher earners represent a substantial presence with 41.8% exceeding $3,000 weekly, indicating strong purchasing power within the community. High housing costs consume 20.1% of income, though strong earnings still place disposable income at the 82nd percentile and 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

Pyrmont's dwelling structure, as per the latest Census, consisted entirely of non-household dwellings such as apartments and semi-detached units. This contrasts with Sydney metropolitan areas where 2.3% were houses and 97.7% other dwellings. Home ownership in Pyrmont stood at 18.3%, higher than Sydney's average. Mortgaged dwellings accounted for 18.5% while rented properties made up 63.2%. The median monthly mortgage repayment was $2,800, above the Sydney metro average of $2,705. Median weekly rent in Pyrmont was $580 compared to Sydney's $550. Nationally, Pyrmont's mortgage repayments were significantly higher than the Australian average of $1,863 and rents substantially exceeded 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

Educational attainment in Pyrmont is notably high. 59.3% of residents aged 15+ have university qualifications, compared to national (30.4%) and NSW state (32.2%) 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% currently enrolled in formal education. This includes 7.6% in tertiary education, 4.5% in primary education, and 3.6% pursuing secondary education. Schools appear to be located outside Pyrmont's immediate boundaries, requiring residents to access educational facilities 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. These include ferries, light rail, and buses. There are five routes serving these stops, providing a total of 3,824 weekly passenger trips.

The average distance from residents to the nearest stop is 123 meters. On average, there are 546 trips per day across all routes, which equals about 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% declare themselves completely clear of medical ailments compared to 77.4% across Greater Sydney.

The area 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% speaking a language other than English at home and 56.2% born overseas. Christianity is the predominant religion in Pyrmont, comprising 37.0%. However, Buddhism is notably overrepresented, making up 7.0%, compared to 7.1% across Greater Sydney.

In terms of ancestry, the top three groups are Other (18.4%), English (16.8%), and Chinese (14.6%). Some ethnic groups show notable differences: Spanish is overrepresented at 1.3% in Pyrmont versus 1.0% regionally, Russian at 1.1% versus 0.8%, and French at 1.0% versus 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 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 age cohort makes up 5.2% of Pyrmont's population. Between 2021 and present, the 15 to 24 age group has grown 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 decreased from 10.5% to 9.3% and the 0 to 4 age group dropped from 4.8% to 3.7%. By 2041, demographic projections indicate significant changes 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.