Haymarket

Haymarket lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

As of November 2025, Haymarket's population is estimated at around 10,513 people. This reflects an increase of 2,208 individuals since the 2021 Census, which reported a population of 8,305. The change is inferred from AreaSearch's estimate of the resident population at 10,503, based on examination of the latest ERP data release by the ABS in June 2024 and an additional three validated new addresses since the Census date. This results in a population density ratio of 20,217 persons per square kilometer, placing Haymarket among the top 10% of national locations assessed by AreaSearch. The suburb's growth rate of 26.6% since the 2021 census exceeded both the state's (6.7%) and metropolitan area's rates, marking it as a regional growth leader. Overseas migration contributed approximately 94.0% of overall population gains during recent periods.

AreaSearch is adopting 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. By 2041, Haymarket is forecasted to have a significant population increase, with an expected growth of 4,066 persons, reflecting a total increase of 33.3% over the seventeen-year period.

AreaSearch assessment of residential development activity positions Haymarket among the top 25% of areas assessed nationwide

AreaSearch analysis of ABS building approval numbers in Haymarket shows approximately 42 new homes approved annually over the past five financial years, totalling an estimated 213 homes. No approvals have been recorded so far in FY-26. On average, 3.6 people moved to the area per dwelling built between FY-21 and FY-25, indicating demand outstripping supply.

Compared to Greater Sydney, Haymarket has seen 14.0% less new development per person but ranks among the top 88th percentile nationally. Recent building activity consists solely of attached dwellings, offering affordable entry pathways for downsizers, investors, and first-time purchasers. With around 91 people per dwelling approval, Haymarket exhibits growth area characteristics. By 2041, AreaSearch estimates Haymarket will grow by 3,505 residents.

At current development rates, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch identified 38 projects likely impacting the area. Notable projects are Mariyung Fleet (New Intercity Fleet), Atlassian Central, Central Place Sydney, and Hyde Metropolitan. Below is a list detailing those most relevant.

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.

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

Haymarket's workforce comprises highly educated individuals with significant representation in professional services. The unemployment rate is 2.8%, lower than the national average.

Over the past year, employment has remained relatively stable. As of June 2025, 5,801 residents are employed at an unemployment rate of 1.4% below Greater Sydney's rate of 4.2%. Workforce participation is somewhat lower at 56.4%, compared to Greater Sydney's 60.0%. Dominant employment sectors include accommodation & food, professional & technical services, and finance & insurance.

Notably, the area has a high concentration in accommodation & food services, with employment levels at 4.6 times the regional average. Conversely, health care & social assistance has limited presence with 6.4% employment compared to 14.1% regionally. With 2.9 workers for every resident, Haymarket functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Between June 2024 and June 2025, the labour force increased by 0.9%, while employment decreased by 0.1%, leading to a rise in unemployment rate by 0.9 percentage points. This contrasts with Greater Sydney where employment rose by 2.6% over the same period. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Haymarket's employment mix suggests local employment should increase by 6.7% over five years and 13.4% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

Income levels sit below national averages according to AreaSearch assessment

Haymarket has a median taxpayer income of $39,729 and an average income of $99,551 according to AreaSearch's aggregation of postcode level ATO data for the financial year 2022. This places Haymarket among the top percentile nationally, contrasting with Greater Sydney's median income of $56,994 and average income of $80,856. Based on Wage Price Index growth of 12.61% since financial year 2022, estimated incomes as of September 2025 would be approximately $44,739 (median) and $112,104 (average). The 2021 Census ranks Haymarket's household income at the 61st percentile ($1,931 weekly), while personal income is at the 40th percentile. Distribution data shows that 33.1% of locals (3,479 people) fall into the $1,500 - 2,999 income category, mirroring the surrounding region where 30.9% occupy this bracket. Housing affordability pressures are severe in Haymarket, with only 70.0% of income remaining after housing costs, ranking at the 42nd percentile. The area's SEIFA income ranking places it in the 7th decile.

Haymarket features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

The dwelling structure in Haymarket, as per the latest Census, consisted of 0.2% houses and 99.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 2.3% houses and 97.7% other dwellings. Home ownership in Haymarket was at 10.0%, with mortgaged dwellings at 10.7% and rented ones at 79.3%. The median monthly mortgage repayment in Haymarket was $2,600, below the Sydney metro average of $2,705. The median weekly rent figure for Haymarket was $650, compared to Sydney metro's $550. Nationally, Haymarket's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Haymarket features high concentrations of group households, with a higher-than-average median household size

Family households account for 49.6% of all households, including 8.6% couples with children, 33.6% couples without children, and 4.1% single parent families. Non-family households make up the remaining 50.4%, with lone person households at 27.6% and group households comprising 22.9%. The median household size is 2.4 people, larger than the Greater Sydney average of 1.9 people.

Haymarket demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Haymarket residents aged 15 and above have a higher educational attainment than national and state averages. 52.9% hold university qualifications, compared to 30.4% in Australia and 32.2% in NSW. Bachelor degrees are the most common (35.7%), followed by postgraduate qualifications (15.7%) and graduate diplomas (1.5%). Vocational pathways account for 24.3%, with advanced diplomas at 17.6% and certificates at 6.7%.

Educational participation is high, with 48.1% currently enrolled in formal education. This includes 17.7% in tertiary education, 1.7% in primary education, and 1.5% pursuing secondary education. Schools are located outside Haymarket's immediate boundaries, necessitating access to neighboring areas for educational facilities.

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

Transport analysis indicates 49 active transport stops in Haymarket, offering a mix of train, light rail, and bus services. These stops are served by 130 individual routes, collectively facilitating 48,770 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 114 meters from the nearest stop.

Service frequency averages 6,967 trips per day across all routes, equating to approximately 995 weekly trips per stop.

Haymarket'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 Haymarket, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 66% of the total population (6,956 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 2.6% and 2.6% of residents respectively, while 91.9% of residents declare themselves completely clear of medical ailments, compared to 77.4% across Greater Sydney.

Haymarket has 3.9% of residents aged 65 and over (410 people), which is lower than the 9.7% in Greater Sydney. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

Haymarket is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Haymarket has one of the country's highest levels of cultural diversity, with 80.0% speaking a language other than English at home and 85.8% born overseas. Buddhism is the predominant religion in Haymarket, accounting for 31.2%, compared to Greater Sydney's 7.1%. The top three ancestry groups are Chinese (39.0%), Other (32.4%), and English (8.3%).

Notably, Korean (2.9%) and Vietnamese (2.4%) are overrepresented in Haymarket compared to regional averages of 1.1% and 1.2%, respectively. Spanish is also slightly overrepresented at 0.7%.

Haymarket hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Haymarket's median age is 30 years, which is younger than the Greater Sydney average of 37 and significantly below the Australian median of 38. Compared to Greater Sydney, Haymarket has a higher proportion of residents aged 25-34 (42.4%) but fewer residents aged 5-14 (1.9%). This concentration of 25-34 year-olds is notably higher than the national average of 14.5%. According to post-2021 Census data, the proportion of residents aged 15-24 increased from 20.1% to 21.2%, while those aged 35-44 rose from 18.3% to 19.4%. Conversely, the proportion of residents aged 55-64 decreased from 4.2% to 3.2%. Demographic modeling indicates that Haymarket's age profile will change significantly by 2041. The number of residents aged 25-34 is projected to increase steadily, rising by 764 people (17%) from 4,457 to 5,222.