Suburb Profile Report for Ultimo NSW (2007)

Ultimo House: Median price $1,410,000, Annual capital growth N/A, Number of sales 20, Weekly median advertised rent $755

Ultimo Unit: Median price $740,940, Annual capital growth 10.02%, Number of sales 217, Weekly median advertised rent $580

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

Source: CoreLogic

  • Unit Report
  • Expert Report

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 17.89%

If we look at median property appreciation over just the last three months, Ultimo has given property investors a paper return of 0.01%. This puts Suburb as 309 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -6.95% to buyers in Ultimo at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 18.08 sales per month, which equates to 217 per year.

Renters in Suburb are facing rents around $6960 per annum or $580 every week.

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
$1,410,000 $740,940
N/A 0.01%
N/A 17.89%
N/A 10.02%
$755 $580
20 217
2.78% 4.07%
N/A 111.22

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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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