Pyrmont

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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, Pyrmont's population is estimated at around 13,933 as of May 2026. This reflects an increase of 1,275 people (10.1%) since the 2021 Census, which reported a population of 12,658 people. The change is inferred from the resident population of 13,933, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 19 validated new addresses since the Census date. This level of population equates to a density ratio of 14,981 persons per square kilometer, placing Pyrmont in the top 10% of national locations assessed by AreaSearch. Pyrmont's 10.1% growth since the 2021 census exceeded both the state (7.1%) and Greater Sydney, marking it as a growth leader in the region. Population growth for the suburb was primarily driven by overseas migration, contributing approximately 89.0% 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. Future population trends indicate a significant increase in Pyrmont, with an expected rise of 3,966 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 28.5% over the 16 years.

Residential development activity is lower than average in Pyrmont according to AreaSearch's national comparison of local real estate markets

Pyrmont has recorded just one dwelling approval in the past five years. This indicates a mature suburb with limited land available for new construction. For buyers, this scarcity of new housing stock typically supports property values and may mean competition is primarily among existing homes.

Compared to Greater Sydney, Pyrmont has significantly less development activity, which usually reinforces demand and pricing for existing properties. Nationally, development activity is also lower, reflecting market maturity and possible development 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 likely affecting this region. Notable ones include The Star Sydney - Ritz-Carlton Hotel & Lyric Theatre, Pyrmont Place, Pyrmont Metro Station & Over Station Development, and Glebe Island Bridge Restoration. Below is a list of 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.

AreaSearch analysis indicates Pyrmont maintains employment conditions that align with national benchmarks

Pyrmont has a highly educated workforce with significant representation in the technology sector. Its unemployment rate is 3.7%, according to AreaSearch's aggregation of statistical area data. As of December 2025, 8,634 residents are employed, with an unemployment rate of 0.5% below Greater Sydney's rate of 4.2%.

Workforce participation in Pyrmont is similar to Greater Sydney's at 68.8%. Census responses indicate that 59.8% of residents work from home, though Covid-19 lockdown impacts should be considered. Key industries for employment among residents are professional & technical, finance & insurance, and accommodation & food. Pyrmont has a particular specialization in professional & technical services, with an employment share 1.8 times the regional level.

However, health care & social assistance is under-represented, with only 7.8% of Pyrmont's workforce compared to 14.1% in Greater Sydney. The area functions as an employment hub with 1.5 workers per resident, hosting more jobs than residents and attracting workers from surrounding areas. In the 12-month period ending December 2025, labour force decreased by 0.3% while employment decreased by 1.2%, causing unemployment to rise by 0.8 percentage points. Meanwhile, Greater Sydney experienced employment growth of 2.2% and labour force growth of 2.3%. National employment forecasts from Jobs and Skills Australia suggest that Pyrmont's employment should increase by 7.3% over five years and 14.4% over ten years, based on industry-specific projections applied to Pyrmont's employment mix.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows Pyrmont's median income among taxpayers is $63,456 with an average of $105,118. This is notably high compared to Greater Sydney's median of $60,817 and average of $83,003. Based on Wage Price Index growth of 10.32% since financial year 2023, estimated incomes for March 2026 would be approximately $70,005 (median) and $115,966 (average). Census 2021 income data ranks Pyrmont's household, family, and personal incomes highly nationally, between the 88th and 94th percentiles. Income distribution shows that 30.6% of locals (4,263 people) fall within the $1,500 - 2,999 category, similar to metropolitan patterns where 30.9% occupy this range. Economic strength is evident with 41.8% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. High housing costs consume 20.1% of income, yet strong earnings place disposable income at the 82nd percentile nationally, 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 a higher proportion of rental properties than the broader region

In Pyrmont, as per the latest Census, there were 0.0% houses and 100.0% other dwellings such as semi-detached homes, apartments, and others, compared to Sydney metropolitan area's 55.9% houses and 44.1% other dwellings. Home ownership in Pyrmont stood at 18.3%, with mortgaged dwellings at 18.5% and rented ones at 63.2%. The median monthly mortgage repayment was $2,800, higher than Sydney metro's average of $2,427. The median weekly rent in Pyrmont was $580, compared to Sydney metro's $470. Nationally, Pyrmont's mortgage repayments were significantly higher at $2,800 versus the Australian average of $1,863, while rents were substantially above the national figure of $375.

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

Family households account for 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 constitute 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, which is smaller than the Greater Sydney average of 2.7.

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

Pyrmont's educational attainment is notably higher than national averages. Among residents aged 15 and above, 59.3% possess university qualifications, compared to 30.4% nationally and 32.2% in NSW. This high level of educational attainment positions Pyrmont favourably for knowledge-based opportunities. 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% 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 54 active public transport stops offering a mix of ferry, light rail, and bus services. These stops are served by 7 routes, collectively facilitating 5,890 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 119 meters from the nearest stop. As a primarily residential area, most commuting is outward-bound. Car remains the dominant mode at 38%, followed by walking at 29% and bus at 11%. Vehicle ownership averages 0.4 per dwelling, below the regional average.

According to the 2021 Census, 59.8% of residents work from home, potentially reflecting COVID-19 conditions. Service frequency averages 841 trips per day across all routes, equating to approximately 109 weekly trips per stop.

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

AreaSearch's assessment shows excellent health outcomes in Pyrmont. Mortality rates and chronic condition prevalence were very low across all age groups. Private health cover was exceptionally high at approximately 68% of the total population (9,521 people), compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most prevalent medical conditions were asthma and mental health issues, affecting 5.7% and 5.7% of residents respectively. A total of 79.1% of residents reported being completely clear of medical ailments, compared to 74.6% in Greater Sydney. Pyrmont has 14.6% of residents aged 65 and over (2,034 people). Health outcomes among seniors are strong, aligning with national rankings for the general population.

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 high cultural diversity, with 43.1% speaking a language other than English at home and 56.2% born overseas. The predominant religion is Christianity, at 37.0%. Buddhism is overrepresented in Pyrmont at 7.0%, compared to Greater Sydney's 4.1%.

Top ancestry groups are Other (18.4%), English (16.8%), and Chinese (14.6%), higher than regional averages. Spanish (1.3% vs 0.6%), Russian (1.1% vs 0.4%), and French (1.0% vs 0.5%) are notably overrepresented.

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 constitutes 26.0% of Pyrmont's population, higher than Greater Sydney's percentage but lower than the national average of 14.6%. Meanwhile, the 5-14 cohort makes up only 4.8% of Pyrmont's population. Between 2021 and the present day, Pyrmont has seen changes in its age distribution. The 15 to 24 age group has grown from 7.9% to 11.9%, while the 75 to 84 cohort increased from 3.5% to 5.1%. Conversely, the 55 to 64 cohort has decreased from 10.5% to 8.8%, and the 0 to 4 group dropped from 4.8% to 3.2%. Looking ahead to 2041, demographic projections indicate significant shifts in Pyrmont's age structure. The 25 to 34 age group is projected to grow by 98%, adding 3,549 people and reaching a total of 7,172 from its current figure of 3,622. However, the 45 to 54 and 35 to 44 age groups are both expected to decrease in number.