Investment property in Ultimo has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.58%
At number 543th in the list of Australian suburbs ordered by increase in median house value over the last year, Ultimo, 2007 is in the top 40% with a property value increase of 8.04% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Ultimo,2007 has racked up an average of 8.04% over the period. This ranks it number 115th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ultimo, 2007. Typically our figures indicate that -3.92% is being offered, which puts this NSW suburb at 1054th most discounted overall in Australia.
Property investors should expect to get $590 weekly from the median priced house in this suburb.