Suburb Profile Report for Ultimo NSW (2007)

Ultimo House: Median price $1,555,000, Annual capital growth 19.72%, Number of sales 13, Weekly median advertised rent $750

Ultimo Unit: Median price $780,000, Annual capital growth 9.51%, Number of sales 233, Weekly median advertised rent $580

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Ultimo have tracked just higher than the NSW average of 6.38% over the last 12 months.

In the last year 13 properties changed hands in Ultimo, which puts it as the 1328th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $750 and the average annual increase in value of a median property of 19.72%, investors should hope to achieve an overall return of 2.51%

At number 141th in the list of Australian suburbs ordered by increase in median house value over the last year, Ultimo, 2007 is in the top 10% with a property value increase of 18.18% recorded in median house prices.

The five-year average increase in median property values for Ultimo,2007 has given property investors a potential capital gain of 96.97% across each of those five years.

Sellers are offering property buyers an average discount of -6.65% to buyers in Ultimo at the moment, which is less than average for the rest of NSW.

Ultimo is 374th on a list of best yielding suburbs for rents in NSW with a 3.87% return

YIP MAG Information supplied by:

YIP MAG
April 2016

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While some areas of inner Sydney have been shrouded by concerns of an over-supply of apartments, the suburb of Ultimo doesn’t seem to be experiencing any ill effectsFull summary While some areas of inner Sydney have been shrouded by concerns of an over-supply of apartments, the suburb of Ultimo doesn’t seem to be experiencing any ill effects.

The median unit price in Ultimo currently sits at $655,000, having increased by a remarkable 79% over the past three years.

Ultimo’s location has more than likely helped contribute to the suburb’s strong performance in recent years.

It is home to the University of Technology Sydney and Sydney’s light rail system links it to the nearby Sydney CBD and Darling Harbour.

Sydney’s bustling Chinatown is also just a stone’s throw away. 

Despite its location and solid capital growth in recent years, units in Ultimo are still spending an average of 80 days on the market, while vendors are offering an average discount of 5%.

.Landlords are currently enjoying respectable rental yields of 5%.Close
HOUSE UNIT
$1,555,000 $780,000
6.51% 4.70%
11.47% 18.18%
19.72% 9.51%
$750 $580
13 233
2.51% 3.87%
N/A 113.2

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 7111
Median household income ($/weekly) 1098
Median age of persons 27
Median housing loan repayment ($/monthly) 2280
Average household size 2
  • Census Count Percent(%)
    15-19 years 477 6.7
    20-24 years 1780 25.0
    25-34 years 2619 36.8
    35-44 years 839 11.8
    45-54 years 398 5.6
    Others 997 14.0
    Age Group
    Census Count Percent(%)
    Not Married 2997 62.5
    Registered Married 1101 23.0
    Defacto Relationship 698 14.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1600 28.1
    Croatia 1252 22.0
    Iraq 224 3.9
    United Kingdom 190 3.3
    Other 677 11.9
    Others 1742 30.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 794 14.6
    Christianity 1718 31.7
    Hinduism 182 3.4
    Islam 254 4.7
    No Religion 2418 44.6
    Others 56 1.0
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 341 14.2
    $600-$799 174 7.3
    $1,000-$1,249 181 7.5
    $1,500-$1,999 267 11.1
    $2,500-$2,999 263 11.0
    Others 1173 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2034 37.7
    Not in the labour force 1824 33.8
    Employed, worked part-time 983 18.2
    Unemployed, looking for work 384 7.1
    Employed, away from work 164 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 370 11.6
    Professionals 1074 33.8
    Community & personal service workers 371 11.7
    Clerical & administrative workers 446 14.0
    Sales 315 9.9
    Others 601 18.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 111 4.5
    Secondary 123 5.0
    Technical or Further Educational Institution 290 11.7
    University or other Tertiary Institutions 1744 70.3
    Other type of educational institution 184 7.4
    Others 29 1.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4265 82.1
    Semi-detached, row or terrace house, townhouse 865 16.7
    Separate house 61 1.2
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1745 69.1
    Being purchased 482 19.1
    Fully owned 281 11.1
    Other tenure type 18 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals