True Cost of Buying in Pyrmont
2009 NSW · 2km to CBD
A decision, not just a search · Pyrmont
Does the lower estimated monthly cost make a property the better buy?
Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.
Questions that could change the answer
- Which costs are current supplied figures, and which are model defaults?
- What happens to your buffer if interest, repairs or vacancy costs rise?
- What finance, contract or inspection condition remains unresolved before an offer?
Evidence to obtain—not yet verified here
- Current lender terms and approval conditions, not only a borrowing estimate.
- Dated levy notices, rates, insurance quotes and maintenance information.
- Contract advice, inspection findings and comparable sales evidence.
Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.
Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.
When to revisit: Revisit when any input, approval condition, price or property finding changes.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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Market Intelligence
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.
Market Snapshot
Median House
$2.9M
-1.5% 1yr
Median Apartment
$1.2M
-0.8% 1yr
Median Townhouse
$2.2M
Vacancy Rate
1.8%
32 avg DOM
Yield (Apartment)
4.2%
Yield (House)
2.8%
Auction Clearance
68%
Population
12,500
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$1,180,000
Stamp Duty
$47,630
1st Year Total
$84,104
House
Purchase Price
$2,850,000
Stamp Duty
$139,160
1st Year Total
$192,282
Townhouse
Purchase Price
$2,200,000
Stamp Duty
$103,410
1st Year Total
$143,588
Run Your Own Numbers
These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.
Community Profile
Median Income
$95,000
Median Age
34
Family Households
35%
Owner-Occupied
42%
Walkability
92/100
Public Transport
9/10
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