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Ultimo, NSW 2007
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,745,000
market range $1.7M-$1.8M
Median Unit
$705,000
market range $650K-$775K
Gross Yield (houses)
3.2%
1yr Growth (houses)
-8.9%
market range -17.5% to +5.0%
Investment snapshot for Ultimo
Ultimo has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ultimo market and investor summary
In Ultimo, NSW 2007, the median house sells for around $1.7M, on a gross rental yield of 3.2% for houses. House prices have moved -8.9% over the past year. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Ultimo: people, income and schools
Ultimo has a resident population of roughly 7,410, and the area has been growing steadily, up about 24% over five years. At a median age of 30, it reads as younger than the national median, with renters making up 68% of households. A renter base that size keeps demand for well-priced rentals fairly consistent, though rents do most of the work on the return.
The typical household income runs to around $94,000 a year (about $1,810 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 18.6 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 113 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Ultimo sits about 1.6 km from the CBD. It is fairly car-dependent; the suburb scores 38 for walkability and 76 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).
- Population
- 7,410
- +24% over 5yr
- Median age
- 30 years
- Median household income
- $94,000/yr
- Households renting
- 68%
- Family households
- 45%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 113
- avg ICSEA 1077
- Unemployment
- 2.4%
- Distance to CBD
- 1.6 km
- Walk score
- 38/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ultimo
View all →Frequently asked questions about Ultimo
What should I check before investing in Ultimo?
Ultimo has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.4%, before expenses, tax and loan costs. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ultimo?
The median property price in Ultimo, NSW 2007 is $1.7M for houses and $705K for units.
What rental yield does Ultimo show?
The gross rental yield in Ultimo is 3.2% for houses and 6.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Ultimo?
House prices in Ultimo are down 8.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Ultimo?
The current vacancy rate in Ultimo is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Ultimo?
Ultimo has a population of approximately 7,410 residents, with a median age of 30.
What schools are near Ultimo?
There are 113 schools within roughly 5km of Ultimo. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Ultimo affordable to buy in?
A median house in Ultimo costs about 18.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Ultimo's population growing?
The population of Ultimo has grown about 24% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Ultimo from the CBD?
Ultimo is about 1.6 km from the CBD.
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