Investment property in Ultimo has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.54%
Situated 1.54km from the CBD, Ultimo is one of Sydney (C) localities in the postcode 2007.
Investment property in Ultimo has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.70%
A -12.99% growth in median value for property investors in Ultimo,2007 puts this suburb at number 573th in terms of best performing suburbs in NSW
At number 5th of NSW’s most discounted properties, Ultimo is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 82 properties changed hands in Ultimo, which puts it as the 206th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Ultimo, 2007 is in the Sydney (C) local government area.
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Information supplied by:
February 2018
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Inner-city suburb boasts high occupancy
Postcode: 2007
Median unit price: $790,000
Vacancy rate: 1.5%
Three-year growth: 42.3%
Just a hop and a skip from the Sydney CBD, Ultimo is a prime spot for those working in the city.
The average vacancy rate plummeted by nearly half to just 1.5% in November 2017 from 2.8% 12 months previously, indicating remarkable demand. In this period, the unit market reported 5.3% growth, maintaining a five-year trend of positive growth. However, the November 2017 quarter findings also showed a 4.8% drop in apartment values, generating a median unit price of $790,000.
Nonetheless, Ultimo’s bustling commercial scene should sustain buyer interest. The Broadway Shopping Centre is located here, as is the headquarters of the Australian Broadcasting Corporation. Sports aficionados will love Wentworth Park, which is a well-stocked facility for soccer, rugby and the like.