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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Haymarket's population is estimated at around 10,325 as of Feb 2026. This reflects an increase of 2,020 people (24.3%) since the 2021 Census, which reported a population of 8,305 people. The change is inferred from the resident population of 9,716 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 4 validated new addresses since the Census date. This level of population equates to a density ratio of 19,855 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch, making land in the area a highly-sought resource. Haymarket's 24.3% growth since the 2021 census exceeded the state (7.8%) and Greater Sydney, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that 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 any SA2 areas not covered by this data, AreaSearch is utilising 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 also applied to all areas for years 2032 to 2041. Examining future population trends, a significant population increase in the top quartile of Australian statistical areas is forecast for Haymarket, with the area expected to grow by 3,849 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 33.6% in total over the 17 years.

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

AreaSearch analysis of ABS building approval numbers shows Haymarket has had approximately 36 new homes approved annually over the past five financial years, totalling an estimated 182 homes. As of FY-26, no approvals have been recorded yet. This results in an average of 4.2 people moving to the area per dwelling built between FY-21 and FY-25, indicating demand outpaces supply, which can drive up prices and intensify buyer competition. In this financial year, $88.8 million worth of commercial approvals have been registered, suggesting strong local business investment.

Compared to Greater Sydney, Haymarket has about three-quarters the rate of new dwelling approvals per person, ranking in the 86th percentile nationally, though recent development activity has increased. Recent building activity consists solely of medium and high-density housing, offering more affordable entry points for downsizers, investors, and first-home buyers. The area has around 107 people per dwelling approval, suggesting a growing market. Population forecasts indicate Haymarket will gain approximately 3,474 residents by 2041, potentially outpacing current development rates if trends continue, which could increase buyer competition and support stronger price growth.

Population forecasts indicate Haymarket will gain 3,474 residents through to 2041 (from the latest AreaSearch quarterly estimate). If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

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 has identified 38 projects likely impacting the region. Notable initiatives include Mariyung Fleet (New Intercity Fleet), Atlassian Central, Central Place Sydney, and Sydney House. The following details projects expected to have the most relevance.

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AreaSearch assessment positions Haymarket ahead of most Australian regions for employment performance

Haymarket has a highly educated workforce with strong representation in professional services. Its unemployment rate is 2.8%, as per AreaSearch's aggregation of statistical area data. As of September 2025, there are 5,721 residents employed, with an unemployment rate of 1.4% lower than Greater Sydney's rate of 4.2%.

Workforce participation in Haymarket is at 63.3%, compared to Greater Sydney's 70.0%. According to Census responses, 37.0% of residents work from home, though Covid-19 lockdown impacts should be considered. The leading employment industries among residents are accommodation & food, professional & technical, and finance & insurance. Haymarket has a notably high concentration in accommodation & food, with employment levels at 4.6 times the regional average.

However, health care & social assistance has limited presence, with only 6.4% of employment compared to the regional average of 14.1%. There are 2.9 workers for every resident in Haymarket, indicating that it functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Between June 2024 and July 2025, labour force decreased by 0.7% and employment declined by 1.5%, leading to a rise in unemployment rate of 0.8 percentage points. In contrast, Greater Sydney saw employment grow by 2.1%, labour force expand by 2.4%, and unemployment rise by only 0.2 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is expected to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Haymarket's employment mix, local employment is estimated to increase by 6.7% over five years and 13.4% over ten years. However, it should be noted that this extrapolation does not take into account localised population projections.

Income levels sit below national averages according to AreaSearch assessment

AreaSearch's latest postcode level ATO data for financial year 2023 shows that Haymarket's median income is $39,729 and average income is $99,551. This compares to Greater Sydney's median of $60,817 and average of $83,003. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated incomes for September 2025 would be approximately $43,249 (median) and $108,371 (average). Census data reveals Haymarket's household income ranks at the 61st percentile ($1,931 weekly), with personal income at the 40th percentile. Distribution shows that 33.1% of residents earn between $1,500 and $2,999 weekly. Housing affordability pressures are severe, 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 8th decile.

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

Haymarket's dwelling structure, as per the latest Census, consisted of 0.2% houses and 99.8% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Sydney metro's 55.9% houses and 44.1% 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 the area was $2,600, exceeding Sydney metro's average of $2,427. Median weekly rent in Haymarket was recorded at $650, higher than Sydney metro's $470. Nationally, Haymarket's mortgage repayments were significantly higher than the Australian average of $1,863, and rents substantially above the national figure of $375.

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

Family households account for 49.6 percent of all households, including 8.6 percent couples with children, 33.6 percent couples without children, and 4.1 percent single parent families. Non-family households constitute the remaining 50.4 percent, with lone person households at 27.6 percent and group households comprising 22.9 percent of the total. The median household size is 2.4 people, which is smaller than the Greater Sydney average of 2.7.

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's residents aged 15+ have a higher educational attainment than broader benchmarks. 52.9% hold university qualifications compared to Australia's 30.4% and NSW's 32.2%. Bachelor degrees are the most common at 35.7%, followed by postgraduate qualifications (15.7%) and graduate diplomas (1.5%). Vocational pathways account for 24.3% of qualifications, with advanced diplomas making up 17.6% and certificates 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.

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

Haymarket has 75 active public transport stops serving a mix of train, light rail, and bus services. These stops are covered by 98 unique routes, collectively facilitating 61,565 weekly passenger trips. Transport accessibility is rated highly, with residents typically residing just 114 meters from the nearest stop. As a predominantly residential area, most commutes are outward-bound. Train is the primary mode of transport at 27%, followed by walking at 26% and bus at 18%. Vehicle ownership averages 0.1 per dwelling, lower than the regional average.

According to the 2021 Census, 37% of residents work from home, which may be influenced by COVID-19 conditions. The service frequency across all routes averages 8,795 trips daily, equating to approximately 820 weekly trips per individual stop.

Haymarket's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Haymarket's health outcomes show exceptional results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 66% of Haymarket's total population (6,832 people) have private health cover, compared to Greater Sydney's 59.9%.

Nationally, this figure stands at 55.7%. The most prevalent medical conditions in the area are asthma and mental health issues, affecting 2.6% and 2.6% of residents respectively. Notably, 91.9% of Haymarket residents declare themselves completely clear of medical ailments, compared to Greater Sydney's 74.6%. As of 4.3% of the population aged 65 and over (443 people), Haymarket has a lower proportion of seniors than Greater Sydney's 15.4%. The health outcomes among seniors in Haymarket are strong, broadly in line with national rankings for the general population.

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 a high level of cultural diversity, with 80.0% of its population speaking a language other than English at home and 85.8% born overseas. The predominant religion in Haymarket is Buddhism, accounting for 31.2%, compared to 4.1% across Greater Sydney. In terms of ancestry, the top three groups are Chinese (39.0%), Other (32.4%), and English (8.3%).

These figures differ significantly from regional averages: Chinese (8.4%), Other (16.0%), and English (19.0%). Notably, Korean (2.9%) and Vietnamese (2.4%) are overrepresented in Haymarket compared to the regional averages of 1.1% and 1.8%, respectively. Spanish representation is also slightly higher at 0.7%.

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

Haymarket has a median age of 30 years, which is younger than the Greater Sydney average of 37 and the Australian median of 38. Compared to Greater Sydney, Haymarket has a higher proportion of residents aged 25-34 (41.9%) but fewer residents aged 5-14 (1.9%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.4%. Post-2021 Census data shows that the 35 to 44 age group has increased from 18.3% to 20.1% of Haymarket's population, while the 25 to 34 cohort has decreased from 43.0% to 41.9%. Demographic projections suggest that by 2041, Haymarket's age profile will change significantly. The number of residents aged 25-34 is projected to grow steadily, increasing by 829 people (19%) from 4,326 to 5,156.