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 since the Census, Pyrmont's population is estimated at around 13,970 as of Feb 2026. This reflects an increase of 1,312 people (10.4%) since the 2021 Census, which reported a population of 12,658 people. The change is inferred from the resident population of 13,958, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024, and an additional 21 validated new addresses since the Census date. This level of population equates to a density ratio of 15,021 persons per square kilometer, placing Pyrmont in the top 10% of national locations assessed by AreaSearch. The suburb's 10.4% growth since the 2021 census exceeded the state average (7.8%) and that of Greater Sydney. Population growth for Pyrmont 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. Examining future population trends, a significant increase is forecast for Pyrmont, with an expected increase of 4,116 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 29.4% 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 recorded just one dwelling approval in the past five years. This indicates a mature suburb with limited land available for new construction. Buyers may face competition primarily among existing homes due to the scarcity of new housing stock, which typically supports property values.

Compared to Greater Sydney and nationally, Pyrmont has significantly less development activity, reflecting market maturity and possible development constraints.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 23 projects that may affect 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 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 assessment positions Pyrmont ahead of most Australian regions for employment performance

Pyrmont has an educated workforce with the technology sector prominently represented. Its unemployment rate is 3.5%, as per AreaSearch's aggregation of statistical area data. As of September 2025, 8632 residents are employed, with an unemployment rate of 0.7% below Greater Sydney's rate of 4.2%.

Workforce participation in Pyrmont matches Greater Sydney's 70.0%. A high 59.8% of residents work from home, as per Census responses. Key industries include professional & technical, finance & insurance, and accommodation & food. Pyrmont specialises 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% compared to Greater Sydney's 14.1%. The area hosts more jobs than residents, with a ratio of 1.5 workers per resident. Between September 2024 and August 2025, Pyrmont's labour force decreased by 1.3%, employment fell by 1.7%, leading to a 0.4 percentage point rise in unemployment. Meanwhile, Greater Sydney saw employment grow by 2.1% and labour force by 2.4%. Jobs and Skills Australia forecasts national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Pyrmont's industry mix suggests local employment could increase by 7.3% over five years and 14.4% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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 and the average was $105,118. Nationally, these figures are exceptionally high. Greater Sydney's median income was $60,817 with an average of $83,003. Since financial year 2023, Wage Price Index growth has been 8.86%. As of September 2025, current estimates would be approximately $69,078 (median) and $114,431 (average). Census 2021 income data shows Pyrmont's household, family, and personal incomes rank highly nationally, between the 88th and 94th percentiles. Income distribution in Pyrmont is predominantly in the $1,500 - 2,999 category, with 30.6% of locals (4,274 people) falling into this range. This pattern is similar to that seen in the metropolitan region where 30.9% occupy this income range. Economic strength in Pyrmont is evident through 41.8% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 20.1% of income. Despite this, 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

In Pyrmont, as per the latest Census, all dwellings were categorized as semi-detached, apartments, or 'other', contrasting with Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Pyrmont stood at 18.3%, with mortgaged properties at 18.5% and rented dwellings at 63.2%. The median monthly mortgage repayment was $2,800, surpassing Sydney metro's average of $2,427. Weekly rent in Pyrmont was recorded at $580, higher than Sydney metro's $470. 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 lower-than-average median household size

Family households account for 57.4% of all households, including 15.9% that are couples with children, 33.1% that are couples without children, and 7.0% that are 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 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 significantly higher than broader benchmarks. Among residents aged 15 and above, 59.3% hold university qualifications compared to 30.4% nationally and 32.2% in NSW. This educational advantage positions the area strongly 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 among those aged 15 and above, with advanced diplomas making up 11.7% and certificates 9.6%. Educational participation is notably high in Pyrmont, 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 are served by 7 routes that facilitate 5,890 weekly passenger trips in total. The area's transport accessibility is rated excellent, with residents typically located 119 meters from the nearest stop. Primarily residential, most commutes are outward-bound. Cars remain the dominant mode at 38%, followed by walking at 29% and buses 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, a figure possibly influenced by 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

Health outcomes data for Pyrmont shows excellent results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 68% of Pyrmont's total population (9,547 people) have private health cover, 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 report being completely clear of medical ailments, compared to 74.6% in Greater Sydney. Pyrmont has 15.1% of residents aged 65 and over (2,109 people). Health outcomes among seniors are strong, with national rankings broadly in line with 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 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, comprising 37.0% of people. However, Buddhism is overrepresented, making up 7.0% compared to 4.1% across Greater Sydney.

The top three ancestry groups are Other (18.4%), English (16.8%), and Chinese (14.6%), which is higher than the regional average of 8.4%. Notably, Spanish (1.3%) Russian (1.1%) and French (1.0%) ethnicities are 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's median age is 37, matching Greater Sydney's figure and closely resembling Australia's median age of 38. The 25-34 age group comprises 25.0% of Pyrmont's population, higher than Greater Sydney's percentage but lower than the national average of 14.4%. Meanwhile, the 5-14 cohort makes up 5.1% of Pyrmont's population. Between 2021 and present, the 75-84 age group has increased from 3.5% to 5.3%, while the 15-24 cohort has risen from 7.9% to 9.3%. Conversely, the 0-4 cohort has decreased from 4.8% to 3.7%, and the 55-64 group has fallen from 10.5% to 9.4%. By 2041, demographic projections indicate significant shifts in Pyrmont's age structure. The 25-34 age group is expected to grow by 102%, reaching 7,042 people from its current figure of 3,492. Conversely, both the 45-54 and 35-44 age groups are projected to decrease in number.