All About Ultimo, Sydney , NSW 2007

Ultimo Real Estate Market Outlook

Thinking about buying in Ultimo? Now could not be a better time, with 9606 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,380,000 with prices in this suburb ranging from $40,000 to $125,904,000. Ultimo is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Ultimo driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Ultimo are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Ultimo classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Ultimo requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

The housing market in Ultimo, Sydney, NSW, offers a diverse range of options that cater to various buyer and renter demographics. As a vibrant inner-city suburb, Ultimo is primarily characterized by modern apartment complexes, terrace houses, and a few heritage-listed buildings that appeal to young professionals, students, and small families. Due to its proximity to Sydney's Central Business District and key educational institutions like the University of Technology Sydney and TAFE NSW, demand for housing in Ultimo remains consistently high. This desirability, coupled with its urban conveniences, often translates to a competitive real estate market where properties can command a premium. The suburb has seen periodic fluctuations in property values, reflective of broader market trends across Sydney, but maintains its allure through a combination of location, lifestyle, and accessibility.

Living in Ultimo is an embodiment of urban convenience blended with a touch of historical charm. Residents benefit from an abundance of amenities including shopping precincts like Broadway Shopping Centre, cultural spaces like the Powerhouse Museum, and a myriad of dining and entertainment options found along Harris Street. The area is also well-serviced by public transport, with easy access to buses, light rail, and nearby train stations, making commuting throughout Sydney seamless. Green spaces like Wentworth Park offer a breath of fresh air amidst the bustle, providing recreational opportunities in an otherwise densely populated neighborhood. The strong sense of community in Ultimo is fostered by local events and markets, making it an appealing suburb for those seeking an active, connected, and convenient lifestyle in Sydney's inner city.

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