Suburb Profile Report for Ultimo NSW (2007)

Ultimo Unit: Median price $657,500, Annual capital growth 12.12%, Number of sales 84, Weekly median advertised rent $620

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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NSW has seen average median house prices change by -3.67% which means that Ultimo, 2007 has not done well for property investors by showing a capital gain of -2.01% over the last year

A 19.65% growth in median value for property investors in Ultimo,2007 puts this suburb at number 149th in terms of best performing suburbs in NSW

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.75% offered to property buyers. Sellers in Ultimo itself are offering an average vendor discount of -10.15% to real estate investors.

Renters in Suburb are facing rents around $32240 per annum or $620 every week.

Information supplied by:


February 2018

M
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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
N/A $657,500
N/A 1.47%
N/A -2.01%
N/A 12.12%
N/A $620
N/A 84
N/A 4.90%
N/A 113.574468085106

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. 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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