Investment property in Ultimo has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.41%
If we look at median property appreciation over just the last three months, Ultimo has given property investors a paper return of 3.82%. This puts Suburb as 151 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Ultimo are currently offering property investors an average price cut of -4.54% below the asking price at the moment.
In the last year 257 properties changed hands in Ultimo, which puts it as the 37th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6960 per annum or $580 every week.