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Ultimo

POSTAL CODE: NSW, 2007
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ULTIMO ranks 1357th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 0% for the past year is lower than average compared to its 40.64% growth within a five-year period.

Also in ULTIMO, the median home price is sitting at $1,765,000, and the average rent at $1100, this suggests property owners could potentially earn a 3.24% increase in gross rental yield.

Property investors have seen a -0.84% drop in ULTIMO based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 20.32% growth over a ten-year period. It ranks 3498th on our list of suburbs that property investors should look into.

Surburb overview

Ultimo, NSW 2007, is an inner-city suburb of Sydney known for its proximity to educational institutions and vibrant, diverse community. Located just 2 kilometres from the Sydney CBD, it is accessible and ideal for students, young professionals, and families. The suburb has a population of approximately 7,410, with a significant proportion of residents being international students due to its proximity to the University of Technology Sydney (UTS) and TAFE NSW.

Ultimo has a diverse demographic, with 36.6% of residents having Chinese ancestry, followed by English (8.4%) and Australian (5.8%). English is the predominant language spoken at home, but Mandarin and Cantonese are also widely spoken. Around 82.4% of the population was born overseas, reflecting the multicultural nature of the suburb.

The area is well-served by public transport, including Central Station and the Inner West Light Rail, making it easy to commute to other parts of Sydney. Essential amenities include the Broadway Shopping Centre, Wentworth Park, and the Ian Thorpe Aquatic Centre. Ultimo also features several parks, green spaces, and heritage-listed sites such as the Ultimo Post Office and Ultimo Substation.

Ultimo's vibrant atmosphere, diverse food options, and convenient location make it attractive for those who want to experience a mix of urban living and a community-oriented lifestyle. However, due to its central location and student population, it can get crowded and noisy, especially during peak hours.

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