Hyde Park - Pimlico

Hyde Park - Pimlico has shown very soft population growth performance across periods assessed by AreaSearch

Hyde Park - Pimlico's population is around 4,761 as of February 2026. This reflects an increase since the 2021 Census, which reported a population of 4,728 people. The change is inferred from the estimated resident population of 4,759 in June 2024 and an additional 11 validated new addresses since the Census date. This level of population equates to a density ratio of 1,487 persons per square kilometer. Population growth was primarily driven by overseas migration contributing approximately 68.6% 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 and years post-2032, Queensland State Government's SA2 area projections are adopted, released in 2023 based on 2021 data. These state projections do not provide age category splits; hence proportional growth weightings are applied in line with ABS Greater Capital Region projections for each age cohort. Projections indicate a decline in overall population by 105 persons by 2041, but growth across specific age cohorts is anticipated, led by the 25 to 34 age group projected to increase by 203 people.

The level of residential development activity in Hyde Park - Pimlico is very low in comparison to the average area assessed nationally by AreaSearch

Hyde Park - Pimlico has seen approximately eight new homes approved annually over the past five financial years, totalling forty homes. So far in FY26, two approvals have been recorded. On average, 0.1 new residents per year per dwelling constructed have been recorded between FY21 and FY25. This suggests that new supply is meeting or exceeding demand, providing ample buyer choice and potential for population growth beyond current forecasts.

The average construction cost value of new homes is $291,000, which is below the regional average, indicating more affordable housing options. In this financial year, $106.4 million in commercial approvals have been registered, showing strong commercial development momentum. Compared to the rest of Queensland, Hyde Park - Pimlico has significantly less development activity, with 60.0% fewer approvals per person than the regional average. This limited new supply generally supports stronger demand and values for established properties. Nationally, development activity is also lower, reflecting market maturity and possible development constraints.

New development consists of 57.0% standalone homes and 43.0% attached dwellings, with a growing mix of townhouses and apartments offering options across different price points. With around 637 people per dwelling approval, Hyde Park - Pimlico reflects a highly mature market. Given the expected stable or declining population, there should be reduced pressure on housing in Hyde Park - Pimlico, potentially creating opportunities for buyers.

Hyde Park - Pimlico has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Area infrastructure changes significantly influence local performance. Six projects, identified by AreaSearch, may impact the area: Eden Park Estate, Weststate Private Hospital, Harris Crossing Estate, Sanctum Estate. Key details follow for projects likely most relevant.

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

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The labour market performance in Hyde Park - Pimlico lags significantly behind most other regions nationally

Hyde Park - Pimlico has a skilled workforce with notable representation in essential services sectors. Its unemployment rate is 7.2%. As of September 2025, 2,373 residents are employed while the unemployment rate stands at 10.3%, indicating room for improvement compared to Rest of Qld's rate of 4.1%.

Workforce participation in Hyde Park - Pimlico is lower than the regional average at 63.6% versus Rest of Qld's 65.7%. Census data shows that only 6.3% of residents work from home. Major employment industries include health care & social assistance, construction, and public administration & safety. The area has a significant concentration in public administration & safety, with employment levels at 1.6 times the regional average.

In contrast, agriculture, forestry & fishing employs just 0.7% of local workers compared to Rest of Qld's 4.5%. There are 0.9 workers per resident, indicating substantial local employment opportunities. Between September 2024 and September 2025, the labour force remained unchanged while employment decreased by 1.0%, leading to a rise in unemployment by 0.9 percentage points. In comparison, Rest of Qld saw employment growth of 1.7% and labour force growth of 2.1%. National employment forecasts from Jobs and Skills Australia, issued in May-25, project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Hyde Park - Pimlico's employment mix suggests local employment should increase by 6.8% over five years and 14.1% over ten years.

Income levels sit below national averages according to AreaSearch assessment

The Hyde Park - Pimlico SA2 had a median taxpayer income of $54,794 and an average income of $63,951 in the financial year 2023, according to postcode level ATO data aggregated by AreaSearch. This was lower than the national average, with Rest of Qld having a median income of $53,146 and an average income of $66,593. By September 2025, estimated incomes would be approximately $60,224 (median) and $70,289 (average), based on Wage Price Index growth of 9.91% since financial year 2023. In 2021 Census figures, household incomes were at the 20th percentile while personal income was at the 50th percentile. The $1,500 - 2,999 income bracket dominated with 26.8% of residents (1,275 people), similar to regional levels where 31.7% occupied this bracket. Housing affordability pressures were severe, with only 83.0% of income remaining, ranking at the 20th percentile.

Hyde Park - Pimlico displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Hyde Park-Pimlico's dwelling structure, as per the latest Census, showed 54.0% houses and 45.9% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro Qld's 76.4% houses and 23.6% other dwellings. Home ownership in Hyde Park-Pimlico was at 21.1%, with mortgaged dwellings at 27.1% and rented ones at 51.9%. The median monthly mortgage repayment was $1,473, below Non-Metro Qld's average of $1,655. The median weekly rent figure was $250, compared to Non-Metro Qld's $345. Nationally, Hyde Park-Pimlico's mortgage repayments were significantly lower at $1,473 than the Australian average of $1,863, and rents were substantially below the national figure of $375.

Hyde Park - Pimlico features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households account for 54.8% of all households, including 20.3% couples with children, 20.5% couples without children, and 12.6% single parent families. Non-family households make up the remaining 45.2%, with lone person households at 39.5% and group households comprising 5.5%. The median household size is 2.1 people, which is smaller than the Rest of Qld average of 2.5.

Educational attainment in Hyde Park - Pimlico aligns closely with national averages, showing typical qualification patterns and performance metrics

The area's university qualification rate is 25.9%, surpassing the SA4 region average of 20.1% and Rest of Qld's rate of 20.6%. Bachelor degrees are most prevalent at 19.0%, followed by postgraduate qualifications (4.6%) and graduate diplomas (2.3%). Vocational credentials are held by 35.8% of residents aged 15+, including advanced diplomas (10.7%) and certificates (25.1%).

Educational participation is high, with 29.8% currently enrolled in formal education: 9.6% in primary, 8.1% in secondary, and 5.9% in tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Hyde Park - Pimlico has 29 active public transport stops serving a mix of buses. These stops are covered by 8 different routes that facilitate 1,314 weekly passenger trips in total. The area's transport accessibility is rated as excellent, with residents on average located 194 meters from the nearest stop. As a predominantly residential zone, most inhabitants commute outward. Car remains the primary mode of transportation at 88%, while cycling accounts for 3%. Vehicle ownership stands at an average of 1.1 per dwelling, lower than the regional norm.

According to the 2021 Census, only 6.3% of residents work from home, which may be influenced by COVID-19 conditions. The service frequency averages 187 trips daily across all routes, translating to approximately 45 weekly trips per individual stop.

Health performance in Hyde Park - Pimlico is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Hyde Park - Pimlico faces significant health challenges, according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are substantial across both younger and older age groups.

Approximately 50% of the total population (~2,404 people) has private health cover, lower than the national average of 55.7%. Mental health issues and arthritis are the most common medical conditions in the area, affecting 11.2 and 8.5% of residents respectively. However, 65.8% of residents report being completely clear of medical ailments, compared to 67.6% across Rest of Qld. The working-age population faces notable health challenges due to elevated chronic condition rates. The area has 16.8% of residents aged 65 and over (798 people), lower than the 20.4% in Rest of Qld. Health outcomes among seniors present some challenges, with national rankings broadly in line with the general population.

Hyde Park - Pimlico ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Hyde Park-Pimlico was found to have a below average cultural diversity, with 84.8% of its population being Australian citizens, born in Australia (82.6%), and speaking English only at home (89.0%). Christianity was the predominant religion, comprising 50.6%. The most notable overrepresentation was in the 'Other' category, which constituted 1.4%, compared to 0.8% regionally.

In terms of ancestry, the top three groups were English (26.5%), Australian (24.1%), and Irish (9.9%). There were also significant differences in the representation of Scottish (8.9% vs regional 7.8%), Spanish (0.6% vs 0.3%), and Filipino (2.0% vs 0.9%) ethnic groups.

Hyde Park - Pimlico's population aligns closely with national norms in age terms

The median age in Hyde Park - Pimlico is 38 years, slightly below Rest of Queensland's average of 41 but in line with Australia's median age of 38 years. The 25-34 age group constitutes 17.7% of the population compared to Rest of Queensland, while the 65-74 cohort represents 8.6%. According to data from the 2021 Census, the 25-34 age group has increased from 14.2% to 17.7%, the 45-54 cohort has decreased from 13.3% to 11.8%, and the 5-14 group has dropped from 11.3% to 10.1%. Population forecasts for 2041 suggest significant demographic changes in Hyde Park - Pimlico, with the 25-34 age group expected to grow by 13 people (from 844 to 953), while the 45-54 and 65-74 cohorts are projected to decrease.