Suburb Profile Report for Ultimo NSW (2007)

Ultimo House: Median price $1,625,000, Annual capital growth 22.50%, Number of sales 14, Weekly median advertised rent $800

Ultimo Unit: Median price $787,500, Annual capital growth 8.85%, Number of sales 257, Weekly median advertised rent $580

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Ultimo, 2007 have given investors a capital gain of 16.49%. This compares very favourably with the 6.87% for NSW as a whole.

Ultimo,2007 has offered an average of 16.49% return per annum in house price rises to property investors over the last three years.

The NSW suburb of Ultimo, 2007 is in the Sydney local government area.

With a capital gain of 17.86% for the last 12 months, Ultimo, 2007 has performed for property investments than its average annual 8.85% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Ultimo comes in at number 16th in NSW.

Sellers are offering property buyers an average discount of -5.73% to buyers in Ultimo at the moment, which is less than average for the rest of NSW.

At number 1285 in a list of fastest selling suburbs, Ultimo is in the bottom 20% of suburbs in Australia with an average of days on market 114.48 for properties listed there.

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
$1,625,000 $787,500
11.30% 5.00%
16.49% 17.86%
22.50% 8.85%
$800 $580
14 257
2.56% 3.83%
N/A 114.48

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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