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Pyrmont-Ultimo's Change Historically in Terms of Its Communities and Redevelopments The proposal of this Pyrmont Point project, between the Council of the City of Sydney and also the Land Commission of New South Wales, 1981, describes that the Pyrmont-ultimo peninsula as, 'â$¦an excellent residential improvement on the prior significant headland at Sydney Harbour'. This notion has been a realisation by most from the late 20th Century and has been reinforced by the actions of local government and several key building firms. Even the Pyrmont-Ultimo peninsula was once inhabited mainly of 'blue-collar' workers, surrounded by derelict industrial waterfronts and working-class terraces that dominated the land that was overburdened. Over the last ten years, enormous urban renewal programs changed the two inner-city suburbs. The redevelopment of decayed structures of the working-class, enhanced both the employment chances and quality of infrastructure. Because of the constant changes in redevelopment and growth, the areas' population also fluctuated through recent years. In 1875, Pyrmont attained its climax in residential growth and by 1981 the population had exceeded 19,100 (the highest in New South Wales at the time) along with a construction boom of 3,699 dwellings. At the conclusion of the century, the inhabitants of the peninsula peaked at 30,000- the maximum it would ever reach according to Micheal R. Mathews. Thereafter the inhabitants fell 5 per cent per year. This fast decline was a result of the high amounts of industrial growth in Pyrmont-Ultimo. Industries such as the CSR Sugar Refinery had resizing and therefore terraces were demolished close by for expan...