Median price trend for houses
Based on 15 sales in the preceding 12 months
$1,740,000
Down 5.6% over 12 months
- 2 bed
- $1.56m
- 3 bed
- $1.72m
- 4 bed
- $2.18m
Historic building with arched windows and brickwork
J Bar · CC BY 3.0
The quick read on
Ultimo
NSW 2007 · Sydney
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,740,000
- Median unit
- $765,000
- Population
- 7,410
- Postcode
- 2007
latest suburb median
latest suburb median
ABS 2021
Ultimo, New South Wales
Property market insights for Ultimo
Median sale price and rental income of properties in Ultimo NSW
Median rent trend for houses
Based on 19 rental listings in the preceding 12 months
$1,100 per week
No change over 12 months
Market data updated October 2026.
The median house price in Ultimo, NSW is currently $1,740,000, based on the latest 12 months of sales. Ultimo has a 12-month growth rate of -5.6% for houses and 11.8% for units.
Two-bedroom houses have a median sale price of $1,560,000, Three-bedroom houses have a median sale price of $1,720,000, Four-bedroom houses have a median sale price of $2,180,000 in Ultimo.
If you're looking to lease, the median rent for houses in Ultimo is $1,100 per week. The median house rent has remained unchanged over the last 12 months.
The median price of apartments and units for sale in Ultimo is $765,000, which has increased 11.8% since the same time last year. One-bedroom apartments and units have a median sale price of $660,000, Two-bedroom apartments and units have a median sale price of $1,040,000 in Ultimo. The median rent for units and apartments in Ultimo is $800 per week and has increased 6.7% over the last 12 months.
Crime and safety
Is Ultimo safe?
The overall rate for Ultimo is 11,632 offences per 100,000 residents — 238% above the Greater Sydney benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Ultimo.
Overall crime rate
11,632
offences per 100,000 residents
238% aboveGreater Sydney
UltimoGreater Sydney: 3,437
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Ultimo?
Ultimo NSW 2007 is in New South Wales, within Greater Sydney.
7,410 people call Ultimo home, with an average of 2.1 people per household and a median household income of $1,805 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 7,410
- Median age
- 30 years
- Median mortgage
- $2,500 / month
- 2021 household rent
- $500 / week
Above the benchmarkBelow the benchmarkIn lineGreater Sydney benchmark
Age profile
Share of residents in each age band.
Under 156.5%Below
15–3456.4%Above
35–5425.4%Below
55–749.2%Below
75 and over2.4%Below
Homes
Share of occupied private dwellings.
Separate houses0.2%Below
Townhouses11.6%Below
Apartments87.2%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright13.4%Below
Paying a mortgage13.2%Below
Renting73.4%Above
Cars at home
Vehicles available to occupied households.
No car48.2%Above
One car42.8%Above
Two cars8.0%Below
Three or more1.1%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home40.8%Above
Drove to work9.5%Below
Train, tram or bus10.7%Above
Walked or cycled16.3%Above
What stands out in Ultimo
40.8% of workers in Ultimo worked from home on Census day.
16.8% of Ultimo residents were born in China, about twice the rate across Greater Sydney.
49.2% of people in Ultimo described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Ultimo
Open any question for a plain-English reading of the public 2021 Census for Ultimo NSW 2007.
Is Ultimo family-friendly?Age, family structure and household size describe the community families would be joining.
6.5% of Ultimo's residents were children under 15 in the 2021 Census. That is about half the Greater Sydney rate.
1,349 family households lived in Ultimo; 23.2% were couple families and 11.0% were one-parent families.
22.8% of local families included children under 15. That is well below the Greater Sydney average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Ultimo?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Ultimo had 7,410 residents at the 2021 Census.
53.1% of residents were aged 25 to 44.
11.6% were 55 or older. That is about half the Greater Sydney rate.
Age shares use the suburb’s total Census population.
What kind of homes are in Ultimo?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 0.2% of occupied private dwellings in Ultimo.
Townhouses and other attached homes represented 11.6% of occupied private dwellings.
Flats and apartments accounted for 87.2% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Ultimo?Tenure shows how many households own outright, have a mortgage or rent.
13.4% of households with a stated tenure owned their home outright. That is about half the Greater Sydney rate.
13.2% were buying their home with a mortgage.
73.4% rented their home. That is about twice the Greater Sydney rate.
Tenure shares include households that stated one of these three arrangements.
How large are households in Ultimo?Household-size data shows the mix behind the suburb-wide average.
The average household in Ultimo had 2.1 people.
One-person households made up 36.6% of occupied homes. That is well above the Greater Sydney average.
Two-person households represented 36.2%, while 11.7% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Ultimo?Census-day travel shows the balance between home, road, public transport and active travel.
40.8% of workers worked from home on Census day. That is close to the Greater Sydney average.
9.5% drove a car as their only travel method. That is about half the Greater Sydney rate.
10.7% used only a train, tram or bus, while 16.3% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Ultimo?Vehicle availability helps describe the routines local households can support.
48.2% of occupied households had no motor vehicle available. That is about twice the Greater Sydney rate.
One-car households formed 42.8% of the total.
9.1% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Ultimo, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
25.3% were at the same address five years earlier, while 74.7% reported a different address.
66.2% of residents were born outside Australia. That is well above the Greater Sydney average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Ultimo?Language at home gives a direct view of the community’s everyday linguistic mix.
34.5% of residents used only English at home.
58.0% used a language other than English at home.
17.9% spoke Mandarin at home, 6.2% spoke Cantonese and 1.8% spoke Hindi.
Home language is separate from English proficiency.
Where were Ultimo residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
66.2% of Ultimo's population was born outside Australia, while roughly 33.8% was born in Australia.
16.8% of residents were born in China.
4.4% were born in India, while Australian citizenship across the whole suburb stood at 45.8%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Ultimo?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 13.5% of ancestry responses in Ultimo.
Australian ancestry made up 9.1% of responses.
Chinese ancestry represented 31.4% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Ultimo?Occupation describes a person’s role; industry describes the sector employing them.
34.2% of employed residents worked in professional occupations. That is somewhat above the Greater Sydney average.
Managers accounted for 12.1% of employed residents, while clerical and administrative workers made up 10.2%.
Health care and social assistance employed 7.8% of workers, and education and training employed 9.0%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Ultimo?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 63.3%, compared with 60.0% across Greater Sydney.
28.9% of residents aged 15 and over worked full time, while 20.4% worked part time.
Unemployment was 9.8%, compared with 5.1% across Greater Sydney.
Labour-force figures come from the 2021 Census.
What does the health profile of Ultimo show?Selected long-term health conditions help describe community service needs.
74.7% reported no selected long-term health condition.
5.7% reported a long-term mental health condition, including depression or anxiety.
4.6% reported asthma, 2.1% arthritis and 1.6% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Ultimo?Qualifications describe the study pathways represented among local residents.
40.8% of people in the qualifications table held a bachelor degree. That is well above the Greater Sydney average.
Postgraduate degrees accounted for 21.4% of qualification responses.
Diploma-level qualifications represented 13.6%, while certificate-level qualifications represented 8.7%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Ultimo?Census income and household payments give historical context for local living costs.
Median household income was $1,805 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,500.
Occupied renting households reported a median rent of $500 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Ultimo compare with Greater Sydney?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 40.8% in Ultimo, compared with 38.9% across Greater Sydney.
Outright ownership was 13.4% locally and 28.6% across Greater Sydney. That is about half the Greater Sydney rate.
Renting accounted for 73.4% in Ultimo, against 37.1% across Greater Sydney.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Ultimo
Is Ultimo expensive?
The median house price is $1,740,000, while units and apartments sit at $765,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Ultimo good for families?
The Census counted 1,349 local families, and 6.5% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Ultimo?
2-bedroom houses have a median around $1,560,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Ultimo
29 streets in Ultimo
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Ada Pl
- Bay St
- Broadway
- Bulwara Rd
- Fig St
- George St
- Hackett St
- Harris St
- Henry Ave
- Henson Ln
- Jones St
- Kelly St
- Kirk St
- Macarthur St
- Mary Ann St
- Mckee St
- Mountain St
- Pyrmont St
Show all 29 streetsShow fewer streets
- Quarry Ln
- Quarry St
- Smail St
- Systrum St
- Thomas St
- Ultimo Rd
- Wattle Ln
- Wattle St
- West End Ln
- Western Distributor
- William Henry St
12 suburbs surrounding Ultimo
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Ultimo right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.