Pyrmont is a well-established suburb in New South Wales within the Sydney local government area (postcode 2009). With a population of 12,658, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $126K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Chinese, Australian.
The median house price in Pyrmont is $2.2 million, having grown strongly 5.4% over the past year. Units have a median price of $1.1 million. The current median weekly rent is $950. This gives a gross rental yield of approximately 2.3%. 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 7,409 incidents per 100,000 population.
From an investment perspective, Pyrmont offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved +5.4% year-on-year.
Pyrmont is a well-established suburb in New South Wales within the Sydney local government area (postcode 2009). With a population of 12,658, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $126K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Chinese, Australian.
The median house price in Pyrmont is $2.2 million, having grown strongly 5.4% over the past year. Units have a median price of $1.1 million. The current median weekly rent is $950. This gives a gross rental yield of approximately 2.3%. 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 7,409 incidents per 100,000 population.
From an investment perspective, Pyrmont offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved +5.4% year-on-year.