Pyrmont

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

As of November 2025, Pyrmont's population is estimated at around 13,976, reflecting an increase of 1,318 people since the 2021 Census which reported a population of 12,658. This growth was inferred from AreaSearch validated new addresses and ABS ERP data release in June 2024, resulting in an estimated resident population of 13,958. This level of population equates to a density ratio of 15,028 persons per square kilometer, placing Pyrmont in the top 10% nationally. The suburb's growth rate of 10.4% since the 2021 Census exceeded both state (6.7%) and metropolitan area averages. Overseas migration contributed approximately 89.0% of overall population gains during recent periods. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022, and NSW State Government's SA2-level projections where ABS data is not available, released in 2022 with a base year of 2021.

Future population trends forecast a significant increase for Pyrmont, with an expected growth of 4,116 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 29.3% over the 17 years.

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

Pyrmont has seen few dwelling approvals in recent years. Between FY21 and FY25, an estimated 1 home was approved, with none so far in FY26. This results in substantial supply lagging demand, indicating heightened buyer competition and pricing pressures.

Pyrmont's commercial development activity is balanced, with $24.5 million in approvals registered this financial year. Compared to Greater Sydney and nationally, Pyrmont has significantly less development activity, suggesting market maturity and possible development constraints. This constrained new construction typically reinforces demand and pricing for existing dwellings.

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

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 22 projects likely to impact this region. Notable ones 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.

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

Pyrmont has a highly educated workforce with the technology sector being particularly prominent. Its unemployment rate was 3.1% as of June 2025, which is below Greater Sydney's rate of 4.2%.

The area had an employment participation rate of 67.0%, higher than Greater Sydney's 60.0%. Leading industries for residents include professional & technical, finance & insurance, and accommodation & food services. Pyrmont specializes in professional & technical jobs with an employment share 1.8 times the regional level. Conversely, health care & social assistance employs only 7.8% of local workers, lower than Greater Sydney's 14.1%.

As per the Census, there are 1.5 workers for every resident, indicating Pyrmont functions as an employment hub attracting workers from nearby areas. Over a 12-month period ending June 2025, employment increased by 0.4% while labour force grew by 0.6%, leading to a rise in unemployment rate of 0.2 percentage points. In contrast, Greater Sydney saw employment growth of 2.6%, labour force growth of 2.9%, and an unemployment increase of 0.3 percentage points. 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 Pyrmont's employment mix suggests local employment should grow by 7.3% over five years and 14.4% over ten years, though these are simple extrapolations for illustrative purposes only and do not account for localized population projections.

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

Pyrmont had a median taxpayer income of $63,456 and an average of $105,118 according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. Nationally, this places Pyrmont in the top percentile. In contrast, Greater Sydney's median income was $56,994 with an average of $80,856. Based on a 12.61% growth since financial year 2022, estimated incomes for September 2025 would be approximately $71,458 (median) and $118,373 (average). The 2021 Census figures show household, family, and personal incomes in Pyrmont ranking between the 88th and 94th percentiles nationally. Income distribution reveals that 30.6% of Pyrmont's population (4,276 individuals) fall within the $1,500 - $2,999 income range, similar to the regional average of 30.9%. Economic strength is evident with 41.8% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. Despite high housing costs consuming 20.1% of income, disposable income remains 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 structure, as per the latest Census, consisted entirely of non-household dwellings (100.0%), unlike Sydney metro which had 2.3% houses. Home ownership in Pyrmont was at 18.3%, with mortgaged dwellings at 18.5% and rented ones at 63.2%. The median monthly mortgage repayment in the area was $2,800, higher than 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 at $2,800 versus 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 comprise 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 make up 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 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 exceeds broader benchmarks: 59.3% of residents aged 15+ have university qualifications compared to Australia's 30.4% and NSW's 32.2%. Bachelor degrees are the most common (37.0%), followed by postgraduate qualifications (18.8%) and graduate diplomas (3.5%). Vocational pathways account for 21.3%, 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: tertiary (7.6%), primary (4.5%), secondary (3.6%).

Educational facilities seem located outside immediate catchment boundaries, requiring families to access schools in neighboring areas.

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

Pyrmont has 30 active public transport stops, operating from February 2022. These stops offer a mix of ferry, light rail, and bus services, with 5 individual routes in total. From February 2022 to January 2023, these routes provided 3,824 weekly passenger trips.

Transport accessibility is rated excellent, with residents located an average of 123 meters from the nearest stop. Service frequency averages 546 trips per day across all routes, equating to approximately 127 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

Pyrmont's health outcomes data shows excellent results across all age groups, with a very low prevalence of common health conditions. The rate of private health cover is exceptionally high at approximately 68% of the total population (9,551 people), compared to the national average of 55.3%.

The most prevalent medical conditions in the area are asthma and mental health issues, affecting 5.7% and 5.7% of residents respectively. A majority, 79.1%, report being completely free of medical ailments, slightly higher than Greater Sydney's 77.4%. Pyrmont has a higher proportion of seniors aged 65 and over at 14.3% (1,998 people), compared to Greater Sydney's 9.7%. Despite this, health outcomes among seniors in Pyrmont are strong and largely align 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 has a high level of cultural diversity, with 43.1% of its population speaking a language other than English at home and 56.2% born overseas. Christianity is the main religion in Pyrmont, making up 37.0% of people there, compared to the Greater Sydney average of 38.9%. Buddhism is overrepresented in Pyrmont, comprising 7.0% of its population compared to the regional figure of 7.1%.

The top three ancestry groups in Pyrmont are Other (18.4%), English (16.8%), and Chinese (14.6%). Notably, Spanish (1.3%) is overrepresented compared to the Greater Sydney average of 1.0%, as are Russian (1.1% vs 0.8%) and French (1.0% vs 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 national median age of 38 years. The 25-34 age group constitutes a strong 25.8% in Pyrmont compared to Greater Sydney. Conversely, the 5-14 cohort comprises only 5.1%. Nationally, this age group makes up 14.5%, which is significantly lower than Pyrmont's figure. Between 2021 and present day, the 15-24 age group has increased from 7.9% to 9.7%, while the 75-84 cohort rose from 3.5% to 4.9%. However, the 55-64 age group decreased from 10.5% to 9.3%, and the 0-4 group fell from 4.8% to 3.7%. By 2041, demographic projections indicate substantial shifts in Pyrmont's population structure. Notably, the 25-34 age group is expected to grow by 95%, adding 3,436 people and reaching a total of 7,042 from its current figure of 3,605. Meanwhile, both the 45-54 and 35-44 age groups are projected to decrease in number.