Ultimo · Statistical Area 2 (SA2)

Economy & Advantage in Ultimo

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A huge population jump of nearly 40% since 2021 defines the recent growth of Ultimo. While many residents have top-tier education and job skills, the area shows a complex mix of overall advantage and significant disadvantage.

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📍 Ultimo, Statistical Area 2 (SA2)

Where Ultimo sits — Socio-economic advantage (IRSAD decile)

8
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Ultimo — higher than 71% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Ultimo8
2007, NSW 9

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

Residents here have some of the highest levels of education and job skills in the country, contributing to an overall advantage score of 1,074. However, access to money and resources is very low, placing the area below 90% of similar places.

8

Higher than 71% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

3

Lower than 71% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

1

Lower than 99% of statistical area 2 (sa2) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

10

Higher than 99% of statistical area 2 (sa2) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

1,074

Higher than 79% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

Growth has been rapid, with the population increasing by 39.7% since 2021. This is far above the New South Wales figure of 6.1%.

Business & building

Operating businesses and dwellings approved.

Ultimo is a major hub for commerce, with 1,766 businesses, which is more than about 83% of similar areas.

1,766

Higher than 83% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Ultimo

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Ultimo [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/117031646/ultimo/topic/economy-advantage