Ultimo vs Chippendale.
Comparing two suburbs with median house prices of $760,000 and $1,890,000. Ultimo edges out on more headline metrics in this comparison.
Ultimo (median $760,000) is roughly 60% cheaper to buy into than Chippendale ($1,890,000). Over the past year, Ultimo (+1.3%) ran 3.5 percentage points ahead of Chippendale (-2.2%) on house-price growth.
On school quality, the average ICSEA across schools serving Ultimo (1051) sits above Chippendale (1043).
For buyers
Ultimo is the lower entry point at $760,000 median, 60% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Ultimo carries both higher gross yield (3.42% vs 1.44%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Ultimo edges out on average school ICSEA (1051 vs 1043).
Common questions
Is Ultimo or Chippendale cheaper to buy in?
Ultimo has the lower median house price at $760,000, roughly 60% below Chippendale ($1,890,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Ultimo or Chippendale?
Over the past 12 months, Ultimo grew +1.3% vs -2.2% in Chippendale, a gap of 3.5 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 Ultimo or Chippendale have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Ultimo scores 1051 vs 1043 in Chippendale. 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, Ultimo or Chippendale?
Gross rental yield on houses is 3.42% in Ultimo vs 1.44% in Chippendale. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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