Located in New South Wales within the Sydney local government area, Pyrmont is a settled mid-to-large suburb (postcode 2009). It is home to about 12,658 residents, with a mix of young professionals and families and a median age of 37. Households earn a median income of $126K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Chinese, Australian.
The median house price in Pyrmont is $1.9 million, having surged by 27% over the past year. Units have a median price of $1.1 million (-2.2% YoY). The current median weekly rent is $982. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,800.
Public transport access includes 3 tram stops, 1 ferry wharf, 12 bus stops. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
Looking at the investment signals, Pyrmont shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 15.5x is considered stretched. House prices have moved +27.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.