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Ultimo vs Woronora Heights

Property investment comparison - Ultimo, NSW 2007 vs Woronora Heights, NSW 2233

Head-to-head across core investment metrics: Ultimo wins 2, Woronora Heights wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricUltimoWoronora Heights
Median house price$1.7M$1.7M
Median unit price$705K-
Gross rental yield (houses)3.17%3.57%
Gross rental yield (units)6.40%5.16%
1-year house growth-8.9%estimate+1.8%estimate
3-year house growth--
Vacancy rate1.6%2.6%
Population7,4102,781

Ultimo vs Woronora Heights: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.7M in Ultimo and $1.7M in Woronora Heights.

On cash flow, Woronora Heights leads: houses there return a gross rental yield of 3.57%, compared with 3.17% in Ultimo, a gap of 0.40 percentage points.

Over the past year house prices moved -8.9% in Ultimo (an estimate) and +1.8% in Woronora Heights (an estimate), so recent momentum favours Woronora Heights, while Ultimo went backwards.

Rental vacancy is 1.6% in Ultimo and 2.6% in Woronora Heights, so landlords in Ultimo face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Ultimo is the bigger suburb, with a population of 7,410 against 2,781, roughly 2.7 times the size of Woronora Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Woronora Heights for rental income, Woronora Heights for recent price momentum, Ultimo for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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