Suburb Profile Report for Ultimo NSW (2007)

Ultimo House: Median price $1,510,000, Annual capital growth 6.05%, Number of sales 14, Weekly median advertised rent $0

Ultimo Unit: Median price $745,000, Annual capital growth 8.39%, Number of sales 92, Weekly median advertised rent $350

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 3890th in the list of Australian suburbs ordered by increase in median house value over the last year, Ultimo, 2007 is in the BOTTOM 20% with a property value increase of 0.00% 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 40.54% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Ultimo is offering property investors an average of -2.11. This rate of discount on properties puts Suburb at number 749th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Ultimo the average time real estate has been on the market is 0 days.

Ultimo, 2007’s gross rental yield is 0.00%

NSW has seen average median house prices change by 9.41% which means that Ultimo, 2007 has done well for property investors by showing a capital gain of 21.88% over the last year

Taking the average capital gain, or increase in median house value, Ultimo,2007 has racked up an average of 21.88% over the period. This ranks it number 366th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Ultimo is $745000, with sellers offering an average of -4.49% off the asking price.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

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
$1,510,000 $745,000
2.36% 2.36%
0.00% 21.88%
6.05% 8.39%
$0 $350
14 92
0.00% 4.67%
0 60.6666666666667

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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