716/199 Pyrmont Street · Pyrmont NSW 2009

Currently listed — $1,150,000

2 bed · 2 bath · 2 car · ApartmentUnitFlat

◆ Found on Ray White Pyrmont's own website, and not on the major portals when we last checked. The price and details above are as that agency published them — off-portal stock most buyers never see, and a single source rather than two agreeing.

Exceptional Lifestyle Opportunity in the Heart of Pyrmont

View the live listing →

⏱ Days on market — this campaign

10 days since our daily sweep first saw this listing.

The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.

Local rents — postcode 2009 units, new tenancies

$970/week median new-tenancy unit rent in 2009 (2026Q2, 189 bonds lodged).

The rent is real (NSW Fair Trading bond lodgements, CC BY) but it pools every bedroom count in the postcode and this is a 2-bed — so we don't derive a yield % from it: a ratio of two different grains reads as precision it doesn't have. New-tenancy rents also run hotter than sitting rents. Not financial advice.

Growth trend — Pyrmont units at auction

Measured like-for-like growth ≈ 3.9%/yr — 2-bed sold-price medians across 16 quarters (47 sales).

Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.

Similar properties — on the market now

The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Pyrmont or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.

Construction risk — what no listing tells you

Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).

Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.

We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.

What's changing in Pyrmont — recent local signals

2025-10-23 — Childcare new — 14-26 WATTLE STREET PYRMONT 2009 ($331337k) (institutional-signals.json (PAN-591913, OnlineDA))

Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.

School catchments

Ultimo PS (primary) · SSC Balmain (secondary)

6 primary schools within 2 km · ICSEA ~1102 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.

Suburb-centre approximation for Pyrmont — addresses near a boundary can differ. Verify the exact address at School Finder. Intake zones cover government schools only.