Glebe vs Ultimo
Ultimo (median $1,632,500) is roughly 37% cheaper to buy into than Glebe ($2,600,000). Over the past year, Glebe (+0.4%) ran 2.6 percentage points ahead of Ultimo (-2.2%) on house-price growth.
Buying in Glebe or Ultimo?
Selling in Glebe? The free selling guide
Glebe and Ultimo side by side
| Measure | Glebe | Ultimo |
|---|---|---|
| Price and market | ||
| Median house | $2,600,000 | $1,632,500 |
| Median unit | $475,200 | $845,000 |
| House price change, 12 months | +0.4% | -2.2% |
| Renting | ||
| House rent | $1100/wk | $850/wk |
| Unit rent | $850/wk | $740/wk |
| Owner occupied | 35.0% | 25.0% |
| Renter occupied | 61.0% | 68.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1092 | 1051 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 20 | 10 |
| Bike score | 100 | 100 |
| Population | 11,680 | 7,410 |
| Median age | 38 | 30 |
| Climate | ||
| Annual rainfall | 1101 mm | 1101 mm |
| Mean max, January | 27.1°C | 27.1°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Glebe (1092) sits above Ultimo (1051). Glebe skews owner-occupied (35%), Ultimo runs more rental-dense (25% owner).
- For buyers
- Ultimo is the lower entry point at $1,632,500 median, 37% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Ultimo delivers the better gross yield (2.71% vs 2.20%), but Glebe has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Glebe edges out on average school ICSEA (1092 vs 1051).
Glebe vs Ultimo: common questions
Is Glebe or Ultimo cheaper to buy in?
Ultimo has the lower median house price at $1,632,500, roughly 37% below Glebe ($2,600,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Glebe or Ultimo?
Over the past 12 months, Glebe grew +0.4% vs -2.2% in Ultimo, a gap of 2.6 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Glebe or Ultimo have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Glebe scores 1092 vs 1051 in Ultimo. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Glebe or Ultimo?
Gross rental yield on houses is 2.71% in Ultimo vs 2.20% in Glebe. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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