Suburb Profile Report for Pyrmont NSW (2009)

Pyrmont House: Median price $1,427,500, Annual capital growth 10.79%, Number of sales 11, Weekly median advertised rent $720

Pyrmont Unit: Median price $945,000, Annual capital growth 8.22%, Number of sales 308, Weekly median advertised rent $730

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Pyrmont have tracked higher than the NSW average of 7.15% over the last 12 months.

Pyrmont,2009 has offered an average of 20.97% return per annum in house price rises to property investors over the last three years.

In the last year 11 properties changed hands in Pyrmont, which puts it as the 1421th most active market in NSW when comparing the number of sales per suburb.

Pyrmont is 1023th on a list of best yielding suburbs for rents in NSW with a 2.62% return

Pyrmont is an average performer in NSW when comparing median price capital growth over the last year. Pyrmont gave property investors a good capital gain figure when compared to the rest of the state, with 9.12%.

When looking at the potential capital gains offered to property investors over the last 3 years, Pyrmont comes in at number 244th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Pyrmont itself are offering an average vendor discount of -4.84% to real estate investors.

Often selling an investment property can take time, and in Pyrmont the average time real estate has been on the market is 52.61 days.

Property investors should expect to get $730 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,427,500 $945,000
-0.87% 4.02%
20.97% 9.12%
10.79% 8.22%
$720 $730
11 308
2.62% 4.02%
N/A 52.61

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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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