Pyrmont
Investment Score
78
/100
AI Intelligence Summary
Pyrmont is a premium inner-city suburb located just 2km from Sydney's CBD, representing one of Australia's most successful urban renewal transformations. Originally an industrial and maritime district, Pyrmont has evolved into a high-density residential enclave dominated by modern apartments and converted heritage warehouses. The suburb attracts young professionals, empty nesters, and international residents drawn to its harbourside location, excellent transport connectivity, and proximity to Darling Harbour's entertainment precinct. With 78% of dwellings being apartments, Pyrmont offers an urban lifestyle with waterfront parks, vibrant cafe culture along Harris Street, and walking access to the CBD. The property market commands premium prices due to its location and harbour views, though it faces challenges from apartment oversupply and limited local amenities like schools. The suburb benefits from exceptional public transport including light rail connections and proximity to Central Station. Investment appeal remains strong despite recent price corrections, supported by consistent rental demand from CBD workers and the area's established reputation as a desirable inner-city address.
Strengths
- •Premium location just 2km from Sydney CBD with harbour views
- •Excellent transport connectivity via light rail and proximity to Central Station
- •Strong rental demand from CBD professionals and international residents
- •Vibrant urban lifestyle with quality dining, cafes, and entertainment options
Opportunities
- •Sydney Metro West completion will enhance connectivity
- •Ongoing Darling Harbour precinct developments increasing amenity value
- •Potential for heritage building conversions and luxury developments
- •Growing short-term rental market due to tourist appeal
Considerations
- •Limited local school options requiring families to seek education elsewhere
- •High-density living with potential noise and congestion issues
- •Apartment oversupply concerns affecting price growth
- •Limited parking and high traffic during peak periods
Property Market
$2.85M
-1.5% 1yr
$1.18M
-0.8% 1yr
$2.20M
$1,550/wk
$725/wk
32
1.8%
68.0%
Price Growth
| Type | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| House | -1.5% | +8.2% | +22.5% |
| Unit | -0.8% | +6.8% | +18.5% |
Rental Yields
House Yield
2.8%
Unit Yield
4.2%
Townhouse Yield
3.1%
Investment Scorecard
Demand/Supply Ratio: 1.20
Demand exceeds supply — favourable for sellers
Tax & Financial Intelligence
CPA-grade analysis for Pyrmont at median house price
+8% surcharge
$1550/wk
Negatively geared
Reduces taxable income
~$1,629/week
Based on 4.5% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR
5-Year Hold
10-Year Hold
Investor Quick Summary
Entry cost (stamp duty)
$139,140
After-tax yield
1.71%
Weekly holding cost
$1629/wk
10yr CGT (est.)
$277,402
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.
Demographics
12,500
34
$95K
per annum
35.0%
58.0%
52.0%
3.2%
48.0%
Dwelling Mix
Lifestyle & Community
85
4
1
2.0 km
Nearest Station: Central Station
Harbourside living with waterfront parks, premium dining along Harris Street, proximity to Darling Harbour entertainment, cultural attractions, and easy CBD access for work and leisure
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Data sourced from multiple sources. Last updated 28 March 2026.