A steady increase in median property prices over a five-year period in ULTIMO, 2007 translates to a 42.34% capital gain.
ULTIMO, 2007 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $790,000.
Augmented property values in ULTIMO are trailing behind the NSW average of 7.55% for the past year.
Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
Home owners selling their properties and realtors in ULTIMO usually have to wait an average of 82.6 days days before their assets are lifted off the market.
ULTIMO ranks 292nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.95% return.
ULTIMO, 2007 places 475th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||5.33%|
|Median 3 years||N/A||42.34%|
|Median 5 years||N/A||83.72%|
|10 years average annual||N/A||10.55%|
|Weekly media advert. rent||N/A||$600|
|Time on Market||N/A||82.6 days|
|Gross Rental Yield Percent||N/A||3.95%|