Ultimo, NSW 2007
City of SydneyGreater SydneyAll suburbs in postcode 2007
Updated
Median house price
$1,632,500
-2.2% over the past year.
Median of 22 house sales · NSW Valuer General · calendar 2025
Selling in Ultimo?
Get the free selling guide, personalised to Ultimo, or ask for a free appraisal from a local agent.
Ultimo at a glance
- Median unit
- $845,000
- Weekly rent
- $850
- Houses · units $740
- Population
- 7,410
- Median age 30
Prices: Median of 22 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2007), June 2026 · Population: 2021 Census
House prices in Ultimo
Houses change hands at $1,632,500 on a typical sale, above the NSW median (22 house sales, NSW Valuer General, calendar 2025). Units come in around $845,000, roughly 48% below the house median. The 12-month picture shows a softening market (-2.2%), giving buyers more room to negotiate.
For sellers
With 12-month growth at -2.2%, pricing should anchor to the most recent six months of comparables, not last year's peak.
For buyers
A 20% deposit on the median house works out to roughly $327,000. Prices sit above the NSW median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of June 2026· NSW rental bond data (postcode 2007)
Free appraisal in Ultimo
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What to know about Ultimo
Ultimo (2007) sits in the Sydney region of NSW. The median house here is $1,632,500, above the NSW median of around $1.10M. Prices have moved -2.2% over the past year, well behind the NSW average (3%).
Ultimo has roughly 7,410 residents, with a young-family demographic. Households are dominated by renters. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Ultimo scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (warm), winter mornings around 8°C (mild). Annual rainfall lands at about 1,101 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 2 government secondary, 1 Catholic, 10 independent.
Schools in Ultimo
Location
Walkability
- Walk
- 100/100
- Transit
- 10/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Ultimo's population at 7,410, with a median age of 30. That sits as a young-family demographic. Households are dominated by renters (25% own, 68% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (37%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 45%
- Lone person
- 37%
- Owner occupied
- 25%
- Renter occupied
- 68%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.71% (median rent $850/wk against a $1,632,500 price tag). Units yield 4.55% gross, often the better cash-flow play for first-time investors. With 68% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 2.71%
- On the $1,632,500 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 4.55%
- On the $845,000 median
- 12-month change, housesSource: NSW Valuer General (PSI) · Sept 2026
- -2.2%
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
420 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 1,101 mm
- Hottest month, avg max
- 27.1°C
- Coldest month, avg min
- 8.4°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Ultimo
- What is the median house price in Ultimo?
- The median house price in Ultimo, NSW 2007 is $1,632,500 (median of 22 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $845,000. Annual growth is -2.2%.
- How much is my house worth in Ultimo?
- A useful starting point is the Ultimo median house price of $1,632,500 (units $845,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Ultimo a good investment?
- On the published figures, the gross rental yield on houses in Ultimo is 2.7%: the median weekly house rent is $850 (NSW rental bond data (postcode 2007), June 2026) against the median house price of $1,632,500 (NSW Valuer General, calendar 2025). The median house price fell 2.2% over 12 months on the same NSW Valuer General figures. Whether Ultimo is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Ultimo postcode?
- Ultimo is in the 2007 postcode, in NSW, in the City of Sydney region.
- Where is Ultimo?
- Ultimo is a suburb of Sydney, in NSW 2007. It is part of the Greater Sydney area, in the City of Sydney region.
- What is the average rent in Ultimo?
- The median weekly rent for houses is $850, for units it's $740.
- What schools are in Ultimo?
- There are 20 schools serving Ultimo on this page, including International Grammar School, GOAL College, Westbourne College Sydney.
- How walkable is Ultimo?
- Ultimo has a Walk Score of 100 out of 100, very walkable. transit score 10, bike score 100.
- What suburbs are near Ultimo?
- Ultimo is close to Broadway, Chippendale, Haymarket, Darlington, Darling Harbour.
- What is the population of Ultimo?
- The population of Ultimo is approximately 7,410 (2021 Census). The median age is 30.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.