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