Ultimo at a glance
Median house
$760,000
+1.3% year on year
Median unit
$845,000
Days on market
42
Average to sell
Walk score
100
Walker's paradise
Population
7,410
Median age 30
The brief
What to know about Ultimo.
The postcode for Ultimo is 2007 (NSW), part of Greater Sydney.
The median house price in Ultimo is $760,000.
Ultimo (2007) sits in the Sydney region of NSW. The median house here is $760,000, below the NSW median of around $1.10M. Prices have moved +1.3% over the past year, 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. Listings here typically sell in 42 days, slower than the NSW average of 32.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
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 26°C (mild), winter mornings around 8°C (mild). Annual rainfall lands at about 1302mm. Data comes from the Bureau of Meteorology's Sydney (Observatory Hill) station, 32.5km away.
Schooling within or near the suburb covers 7 government primary, 2 government secondary, 1 Catholic, 10 independent.
Who lives here
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.
Population
7,410
Median age
30
Family households
45%
Lone person
37%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $760,000 on a typical sale, below the NSW median. Units come in around $845,000, roughly -11% below the house median. The 12-month picture is essentially flat performance (+1.3%), so buyers and sellers are negotiating on roughly the same number. Days on market run long (42 days), so well-priced listings still need patience.
For buyers
A 20% deposit on the median house works out to roughly $152,000. Prices are below the NSW median, which keeps Ultimo on the radar for first-home buyers and right-sizers.
For sellers
Days on market are running long here (42 days), so realistic pricing and patient marketing matter.
Market
The price of a home here.
Median house price
$760,000
+1.3% over the past year. Median unit price $845,000.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$500/wk
Weekly rent (unit)
$500/wk
Owner occupied
25%
Renter occupied
68%
At a deeper level
$760,000
+1.3% annual growth
$845,000
42
Average days to sell
7,410
Median age: 30
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For investors
Investment overview.
Gross rental yield on houses sits at 3.42% (median rent $500/wk against a $760,000 price tag). Units yield 3.08% 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 (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.42%
Based on $760,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.08%
Based on $845,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024+1.3%
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202625%
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 202442 days
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
5-year trajectory
at +1.3%/yr
2021
$712K
5-year change
+7%
2026
$760K
Trajectory derived from the current median compounded at the suburb’s annual growth rate, not raw sale-by-sale history.
Safety
Crime and safety.
831
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of January 2025· State Police Open Data
Getting around
Walkability.
100
10
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Ultimo.
Local schools for Ultimo
View the catchment for each school to find out more.
Government School Catchment
Glebe Public School
Ultimo Public School
Inner Sydney High School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
1302 mm
Hottest Month (avg max)
26.2°C
Coldest Month (avg min)
8.4°C
Monthly Rainfall (mm)
Weather data from BOM station Sydney (Observatory Hill) (33 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Ultimo.
- What is the median house price in Ultimo?
- The median house price in Ultimo, NSW 2007 is $760,000. The median unit price is $845,000. Annual growth is +1.3%.
- 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 $500, for units it's $500.
- 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.
For Sale
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Surrounding Suburbs
Side by side
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See median prices, growth, schools, walkability and risk side by side in one view.
Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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