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, as of Nov 2025, Pyrmont's population is estimated at around 13,966. This reflects an increase of 1,308 people since the 2021 Census, which reported a population of 12,658. The change was inferred from AreaSearch's estimate of resident population at 13,958 following examination of ABS' latest ERP data release in Jun 2024 and an additional 19 validated new addresses since the Census date. This level of population equates to a density ratio of 15,017 persons per square kilometer, placing Pyrmont in the top 10% of national locations assessed by AreaSearch. Pyrmont's growth rate of 10.3% since the 2021 Census exceeded both the state average of 7.6% and metropolitan area trends. Overseas migration contributed approximately 89.0% of overall population gains during recent periods, driving primary growth in the area.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. By 2041, the Pyrmont statistical area is forecasted to increase by 4,116 persons based on aggregated SA2-level projections, reflecting an overall increase of 29.4% over the 17-year period.

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 has identified 23 projects likely to affect the area. Notable projects include The Star Sydney - Ritz-Carlton Hotel & Lyric Theatre, Pyrmont Place, The Bays Metro Station & Precinct, and Pyrmont Metro Station & Over Station Development. 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 assessment positions Pyrmont ahead of most Australian regions for employment performance

Pyrmont boasts a highly educated workforce with significant representation in the technology sector. Its unemployment rate is 3.5%, as per AreaSearch's aggregation of statistical area data.

As of September 2025, Pyrmont has 8,632 residents employed, with an unemployment rate of 0.7% lower than Greater Sydney's rate of 4.2%. Workforce participation in Pyrmont is 67%, compared to Greater Sydney's 60%. Key industries for employment among residents are professional & technical, finance & insurance, and accommodation & food services. Pyrmont specializes particularly in professional & technical jobs, with an employment share 1.8 times the regional level.

However, health care & social assistance is under-represented, at 7.8% of Pyrmont's workforce compared to Greater Sydney's 14.1%. The area functions as an employment hub with a ratio of 1.5 workers per resident, attracting workers from surrounding areas. In the year ending September 2025, Pyrmont saw its labour force decrease by 1.3% and employment decrease by 1.7%, leading to a rise in unemployment by 0.4 percentage points. Meanwhile, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%. State-level data from NSW up to 25-Nov-25 shows employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts indicate that while overall employment is expected to grow by 6.6% over five years and 13.7% over ten years, growth patterns differ significantly between industry sectors. Applying these projections to Pyrmont's employment mix suggests local employment should increase by 7.3% over five years and 14.4% over ten years.

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. Nationally, this is exceptionally high compared 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, current estimates for Pyrmont would be approximately $69,078 (median) and $114,431 (average) as of September 2025. Census 2021 income data ranks household, family and personal incomes in Pyrmont between the 88th and 94th percentiles nationally. Income distribution shows that 30.6% of locals (4,273 people) fall within the $1,500 - $2,999 category, similar to metropolitan Sydney's 30.9%. 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, but strong earnings place disposable income at the 82nd percentile nationally. 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 structures, as per the latest Census, were 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Sydney metro's 2.3% houses and 97.7% 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, exceeding Sydney metro's average of $2,705. The median weekly rent in Pyrmont was $580, compared to Sydney metro's $550. Nationally, Pyrmont's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above 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 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 and state averages. Among residents aged 15+, 59.3% have university qualifications compared to Australia's 30.4% and NSW's 32.2%. 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, including tertiary education (7.6%), primary education (4.5%), and secondary education (3.6%).

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. These include ferry, lightrail, and bus services. There are 7 different routes operating, serving a total of 5,890 weekly passenger trips.

The average distance from residents to the nearest stop is 119 meters. All routes combined make an average of 841 daily trips, which equals about 109 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 68% of the total population (9,544 people), compared to the national average of 55.7%.

The most common medical conditions in the area are asthma and mental health issues, affecting 5.7 and 5.7% of residents respectively, while 79.1% of residents declare themselves completely clear of medical ailments, compared to 77.4% across Greater Sydney. Pyrmont has 14.3% of residents aged 65 and over (1,997 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's cultural diversity is notable, 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% of its population. However, Buddhism is overrepresented compared to Greater Sydney, making up 7.0% of Pyrmont's population versus 7.1%.

The top three ancestry 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 compared to the regional figure of 1.0%, 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 constitutes 25.8% of Pyrmont's population compared to Greater Sydney, while the 5-14 cohort makes up only 5.1%. This 25-34 concentration is notably higher than the national average of 14.5%. Between 2021 and now, the 15-24 age group has grown from 7.9% to 9.7%, while the 75-84 cohort increased from 3.5% to 4.9%. Conversely, the 55-64 cohort declined from 10.5% to 9.3%, and the 0-4 group dropped from 4.8% to 3.7%. By 2041, demographic projections indicate significant shifts in Pyrmont's age structure. Notably, the 25-34 group is projected to grow by 95%, reaching 7,042 people from its current figure of 3,603. Meanwhile, both the 45-54 and 35-44 age groups are expected to see reduced numbers.