Suburb Profile Report for Ultimo NSW (2007)

Ultimo House: Median price $1,280,000, Annual capital growth 11.32%, Number of sales 13, Weekly median advertised rent $690

Ultimo Unit: Median price $670,000, Annual capital growth 6.80%, Number of sales 82, Weekly median advertised rent $500

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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.

Information supplied by:


February 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$1,280,000 $670,000
0.00% -1.76%
-1.54% -9.70%
11.32% 6.80%
$690 $500
13 82
2.80% 3.88%
N/A 97.8095238095238

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Below average (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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