Suburb Profile Report for Pyrmont NSW (2009)

Pyrmont House: Median price $1,625,000, Annual capital growth 12.50%, Number of sales 13, Weekly median advertised rent $750

Pyrmont Unit: Median price $1,000,000, Annual capital growth 8.35%, Number of sales 314, Weekly median advertised rent $750

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Pyrmont has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.85%

When looking at the potential capital gains offered to property investors over the last 3 years, Pyrmont comes in at number 509th in NSW.

With the median price for a house in Pyrmont being $1625000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.40%

NSW has seen average median house prices change by 8.63% which means that Pyrmont, 2009 has done well for property investors by showing a capital gain of 6.38% over the last year

The five-year average increase in median property values for Pyrmont,2009 has given property investors a potential capital gain of 48.15% across each of those five years.

Property buyers and investors in Pyrmont 2009 should be seeing an average reduction in asking price of around -5.52% . This means that Pyrmont is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 26.17 sales per month, which equates to 314 per year.

Renters in Suburb are facing rents around $9000 per annum or $750 every week.

Metrics i HOUSE UNIT
$1,625,000 $1,000,000
0.46% 1.52%
12.85% 6.38%
12.50% 8.35%
$750 $750
13 314
2.40% 3.90%
N/A 58.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 11618
Median household income ($/weekly) 2186
Median age of persons 32
Median housing loan repayment ($/monthly) 2704
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1009 8.7
    25-34 years 4251 36.6
    35-44 years 2039 17.6
    45-54 years 1273 11.0
    55-64 years 1061 9.1
    Others 1985 17.1
    Age Group
    Census Count Percent(%)
    Not Married 4384 48.1
    Registered Married 3159 34.7
    Defacto Relationship 1572 17.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4594 44.7
    Croatia 731 7.1
    Lebanon 341 3.3
    United Kingdom 785 7.6
    Other 954 9.3
    Others 2878 28.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 808 8.2
    Christianity 4829 48.9
    Hinduism 228 2.3
    Islam 160 1.6
    No Religion 3700 37.4
    Others 160 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 525 11.5
    $2,000-$2,499 363 8.0
    $2,500-$2,999 839 18.4
    $3,000-$3,499 370 8.1
    $4,000 or more 575 12.6
    Others 1880 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5384 57.3
    Not in the labour force 1962 20.9
    Employed, worked part-time 1371 14.6
    Unemployed, looking for work 378 4.0
    Employed, away from work 300 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 1430 20.3
    Professionals 2710 38.4
    Technicians & trades workers 486 6.9
    Community & personal service workers 564 8.0
    Clerical & administrative workers 961 13.6
    Others 908 12.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 302 15.0
    Secondary 183 9.1
    Technical or Further Educational Institution 328 16.2
    University or other Tertiary Institutions 820 40.6
    Other type of educational institution 297 14.7
    Others 90 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 9458 93.4
    Semi-detached, row or terrace house, townhouse 641 6.3
    Separate house 26 0.3
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3045 61.7
    Being purchased 1143 23.2
    Fully owned 724 14.7
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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