Ultimo, NSW
UNDERVALUED12,179 sales · 36 years of data · NSW, Australia
Ultimo, NSW Property Market Overview
Ultimo, NSW, 2007, is a vibrant inner-city suburb of Sydney, offering a mix of residential and commercial properties. With 36 years of recorded sales data, AusPropertyInsights.app shows a total of 12,179 property transactions in Ultimo. The current median property price (all properties) in Ultimo is $766,250, reflecting its inner-city location and accessibility.
Ultimo presents a diverse property landscape, with a current median house price of $2,105,000 and a median apartment price of $750,000. This price difference highlights the prevalence of apartment living in Ultimo, which is further supported by the high strata percentage. Ultimo's property market offers potential insights for both owner-occupiers and investors looking at the Sydney market.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Ultimo
Top streets in Ultimo, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Mary Ann St | $766,250 |
| 2 | Mountain St | $820,000 |
| 3 | Jones St | $1,915,000 |
| 4 | Harris St | $790,000 |
... and 44 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | West End Lane | $12,741/m² |
| 2 | Harris St | $14,536/m² |
| 3 | Bulwara Rd | $12,250/m² |
| 4 | Jones St | $19,733/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Wattle St | +2.9% |
| 2 | Pyrmont St | +0.3% |
| 3 | Bulwara Rd | +0.2% |
| 4 | Macarthur St | +1.0% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 349 Bulwara Rd | $725,000 |
| 2 | 280 Bulwara Rd | $1,244,000 |
| 3 | 478 Wattle St | $800,000 |
... and 576 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Ultimo analysis
48 streets and 580 buildings to explore
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Ultimo at a Glance
Ultimo, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Ultimo, NSW
Living in Ultimo offers a dynamic and convenient inner-city lifestyle. Ultimo is home to the renowned University of Technology Sydney (UTS) and TAFE NSW Ultimo, making it a hub for students and academics. For shopping and dining, residents can enjoy the vibrant atmosphere of nearby Darling Harbour and Chinatown.
Ultimo also boasts several parks and green spaces, including Ultimo Community Centre and Wentworth Park, providing opportunities for recreation and relaxation. Getting around is easy with excellent transport links, including Central Station and several bus routes. The suburb’s mix of residential and commercial spaces creates a lively and diverse community atmosphere.
Who Buys in Ultimo?
The buyer profile in Ultimo is diverse, influenced by its location, property types, and price points. With a high strata percentage, Ultimo attracts a significant number of apartment buyers, including first-home buyers, young professionals, and investors. The median apartment price of $750,000 makes Ultimo relatively accessible compared to other inner-city suburbs. The higher median house price of $2,105,000 may appeal to families or those seeking larger properties. The historical CAGR figures suggest potential for long-term capital growth, attracting both owner-occupiers and investors.
Market Analysis
AusPropertyInsights.app indicates that the Ultimo property market is currently below its long-term trend, signalling that the suburb is in undervalued territory. This cycle position indicates that Ultimo's property values are currently lower than what historical trends would suggest.
This undervalued position could be influenced by various factors, including broader economic conditions, interest rate fluctuations, or local market dynamics within Ultimo. Understanding Ultimo's position in the property cycle is crucial for anyone analysing the suburb's potential future performance.
Is Ultimo a Good Investment?
Ultimo's growth patterns are influenced by its strategic location, access to education and employment hubs, and diverse housing options. The suburb's historical CAGR of 4.1% over the full period suggests a consistent track record of property value appreciation. The 20-year CAGR of 3.3% and 10-year CAGR of 0.8% reflect varying market conditions over different timeframes.
Currently, Ultimo's property market is below its long-term trend, indicating that it is in undervalued territory. This cycle position, coupled with the suburb's strong fundamentals, presents potential opportunities for those analysing the market. The high percentage of apartments in Ultimo also contributes to its affordability and rental potential, shaping its investment landscape.
Ultimo Market Outlook
As of early 2026, Ultimo's property market is showing signs of potential recovery, as it remains below its long-term trend. Recent price trends suggest a possible stabilisation in property values after a period of adjustment. The current conditions in Ultimo as of early 2026 present a unique opportunity for those closely monitoring the Sydney property market.
Streets & Location in Ultimo, NSW
Ultimo, postcode 2007, is characterised by its diverse streetscape, with a total of 48 streets contributing to its unique character. Based on median prices, some of the top streets in Ultimo include PYRMONT ST, MARY ANN ST, and WATTLE ST. Ultimo's central location provides easy access to Sydney's CBD and surrounding suburbs, making it an attractive location for residents and businesses alike.
Market Dynamics
The market dynamics in Ultimo are characterised by relatively quick settlement times. The average settlement time for properties in Ultimo is 54 days. The quick-flip percentage is currently not available. The fast settlement timeframe suggests a healthy level of market activity and demand within Ultimo.
Development & Density
Ultimo exhibits a high development density, with 580 apartment buildings contributing to its overall housing stock. This significant number of apartment buildings underscores the prevalence of high-density living in Ultimo. The high strata percentage of 73.6% further emphasizes the dominance of apartment living in Ultimo, shaping the suburb's character and lifestyle.
Growth & Property Mix
Historically, Ultimo has demonstrated consistent growth, as reflected in its Compound Annual Growth Rates (CAGR). Over the full period of data, Ultimo has achieved a CAGR of 4.1%. Looking at shorter timeframes, the 20-year CAGR is 3.3%, while the 10-year CAGR is 0.8%. The high percentage of apartments in Ultimo (73.6%) influences the overall market dynamics and potential investment strategies.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.