Pyrmont

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

As of Feb 2026, Pyrmont's population is estimated at around 13,970, reflecting an increase of 1,312 people since the 2021 Census. This growth represents a 10.4% increase from the previous year's figure of 12,658 residents. The change is inferred from AreaSearch's estimated resident population of 13,958 following examination of ABS data released in June 2024 and an additional 21 validated new addresses since the Census date. This level of population results in a density ratio of 15,021 persons per square kilometer, placing Pyrmont within the top 10% of national locations assessed by AreaSearch. The suburb's growth rate exceeded both the state average (7.8%) and Greater Sydney during this period. Overseas migration contributed approximately 89.0% of overall population gains in recent periods.

For future projections, 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, NSW State Government's SA2-level projections are used, 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, Pyrmont is forecasted to increase its population by 4,113 persons, reflecting a total 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 over the past five years. This indicates a mature, established suburb where available land for new construction is limited. For buyers, this scarcity of new housing stock typically supports property values and means competition may primarily be among existing homes.

Compared to Greater Sydney, Pyrmont has significantly less development activity. This constrained new construction usually reinforces demand and pricing for existing properties. This level of activity is also lower than the national average, reflecting market maturity and possible development constraints.

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

The performance of an area can be significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 23 projects that are expected to impact 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. The following list details those projects likely to be 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 an educated workforce with the technology sector prominent. The unemployment rate is 3.7%, as per AreaSearch's aggregation of statistical area data. As of December 2025, there are 8,634 residents employed at a rate 0.5% below Greater Sydney's 4.2%.

Workforce participation matches Greater Sydney's 70.2%. Census responses indicate 59.8% work from home, potentially influenced by Covid-19 lockdowns. Key industries include professional & technical, finance & insurance, and accommodation & food. Pyrmont specialises in professional & technical roles with an employment share 1.8 times the regional level.

Conversely, health care & social assistance is under-represented at 7.8% versus Greater Sydney's 14.1%. The area hosts more jobs than residents, attracting workers from nearby areas, with a ratio of 1.5 workers per resident as at the Census. Between December 2024 and November 2025, Pyrmont saw labour force decrease by 0.3% and employment drop by 1.2%, increasing unemployment by 0.8 percentage points. In contrast, Greater Sydney experienced employment growth of 2.2%. Jobs and Skills Australia's national employment forecasts from May-25 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Pyrmont's employment mix suggests local employment could increase by 7.3% in five years and 14.4% in ten years, though this is a simple extrapolation for illustrative purposes.

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

AreaSearch released postcode level ATO data for financial year 2023. Pyrmont's median income among taxpayers was $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. By September 2025, estimates suggest median income would be approximately $69,078 and average $114,431 based on Wage Price Index growth of 8.86% since financial year 2023. Census 2021 data shows Pyrmont's household, family, and personal incomes rank highly nationally, between the 88th and 94th percentiles. Income distribution indicates that 30.6% of locals (4,274 people) fall within the $1,500 - 2,999 category, similar to metropolitan regions at 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 a higher proportion of rental properties than the broader region

Dwelling structure in Pyrmont, as evaluated at the Census conducted in 2016, comprised 0.0% houses and 100.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metropolitan area's 55.9% houses and 44.1% other dwellings. Home ownership in Pyrmont was at 18.3%, with the remainder of dwellings either mortgaged (18.5%) or rented (63.2%). The median monthly mortgage repayment in Pyrmont was $2,800, recorded in June 2017, while the median weekly rent figure was $580. Nationally, as of June 2017, 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 lower-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, 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

Educational attainment in Pyrmont is notably high, with 59.3% of residents aged 15 years and over holding university qualifications, compared to the national average of 30.4% and the NSW average of 32.2%. This significant educational advantage includes 37.0% of residents having bachelor degrees, 18.8% postgraduate qualifications, and 3.5% graduate diplomas. Vocational pathways account for 21.3%, comprising 11.7% advanced diplomas and 9.6% certificates. Educational participation is high, with 27.2% of residents currently enrolled in formal education, including 7.6% in tertiary education, 4.5% in primary education, and 3.6% pursuing secondary education.

Educational participation is notably 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, lightrail, and bus services. These stops are served by 7 different routes, collectively facilitating 5,890 weekly passenger trips. Transport accessibility is rated excellent with residents typically located 119 meters from the nearest stop. As primarily residential, most commute outward; car remains dominant at 38%, followed by walking at 29% and bus at 11%. Average vehicle ownership per dwelling is 0.4, below regional average. According to the 2021 Census, 59.8% of residents work from home, possibly due to COVID-19 conditions.

Service frequency averages 841 trips daily across all routes, equating to around 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

Pyrmont's health outcomes show excellent results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 68% of the total population (9,547 people), compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most common medical conditions are asthma and mental health issues, affecting 5.7% and 5.7% of residents respectively. 79.1% of residents declare themselves completely clear of medical ailments, compared to 74.6% in Greater Sydney. The area has 15.1% of residents aged 65 and over (2,109 people). Health outcomes among seniors are broadly in line with the general population, ranking nationally.

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 primary religion in Pyrmont, comprising 37.0%. Buddhism is overrepresented compared to Greater Sydney, making up 7.0% versus 4.1%.

The top three ancestry groups are Other (18.4%), English (16.8%), and Chinese (14.6%), which exceeds the regional average of 8.4%. Spanish (1.3%), Russian (1.1%), and French (1.0%) ethnicities are also overrepresented compared to regional averages of 0.6%, 0.4%, and 0.5% respectively.

Pyrmont's population is slightly younger than the national pattern

Pyrmont has a median age of 37 years, matching Greater Sydney's figure of 37 years and closely resembling Australia's median age of 38 years. The age group of 25-34 years is strongly represented in Pyrmont at 25.0%, higher than Greater Sydney's percentage. Conversely, the 5-14 age cohort is less prevalent at 5.1%. Nationally, the 25-34 age group comprises 14.4% of the population. Between 2021 and the present, the 75 to 84 age group has increased from 3.5% to 5.3%, while the 15 to 24 cohort has risen from 7.9% to 9.3%. However, the 0 to 4 age group has decreased from 4.8% to 3.7%, and the 55 to 64 age group has dropped from 10.5% to 9.4%. By 2041, demographic projections indicate significant shifts in Pyrmont's age structure. Notably, the 25 to 34 age group is projected to grow by 102%, reaching 7,042 people from its current 3,492. Meanwhile, both the 45 to 54 and 35 to 44 age groups are expected to see reduced numbers.