Ultimo is a mid-sized suburb in New South Wales within the Sydney local government area (postcode 2007). With a population of 7,410, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $94K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are Chinese, English, Australian.
The median house price in Ultimo is $2.3 million, having surged 12.1% over the past year. Units have a median price of $885,000 (+17.9% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,500.
Ultimo is served by 4 schools, including 1 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1110, which is well above the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Ultimo offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.5x is considered stretched. House prices have moved +12.1% year-on-year.
Ultimo is a mid-sized suburb in New South Wales within the Sydney local government area (postcode 2007). With a population of 7,410, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $94K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are Chinese, English, Australian.
The median house price in Ultimo is $2.3 million, having surged 12.1% over the past year. Units have a median price of $885,000 (+17.9% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,500.
Ultimo is served by 4 schools, including 1 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1110, which is well above the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Sydney LGA is moderate at 7,409 incidents per 100,000 population.
From an investment perspective, Ultimo offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.5x is considered stretched. House prices have moved +12.1% year-on-year.