$500 ▲ +9.2%
Higher than 92% of suburb / locality areas.
- 2011: $458
- 2016: $554
- 2021: $500
Median weekly rent paid by households renting their home.
Ultimo · Suburb / Locality
Housing & Dwellings in Ultimo
Where and how people live — the homes, how they are held, and what they cost.
A staggering 68.1% of households in Ultimo are renting, which is far above the national figure. This makes it one of the most rental-heavy areas in the region. High costs and a lack of traditional houses define the local property market.
$500
▲ +9.2%
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Ultimo — higher than 92% of areas.
| Ultimo | $500 |
|---|---|
| 2007, NSW | $500 |
| New South Wales | $420 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Weekly rent is among the highest for similar areas at a typical $500. This is well above the Australian figure of $375. For those with a mortgage, the typical monthly payment of $2,500 is also much higher than most areas.
$2,500 ▲ +9.6%
Higher than 88% of suburb / locality areas.
- 2011: $2,280
- 2016: $2,000
- 2021: $2,500
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Ultimo, the largest group is $350–$549 at 43%, followed by $550–$749 (26%) and $750 or more (13%).
Monthly mortgage distribution
View on map →Ultimo splits fairly evenly between $1,800–$2,999 (37%) and $3,000 or more (36%), with $1,000–$1,799 at 15%.
Owning & renting
How homes are owned or rented.
Renting is the dominant way of living here, with 68.1% of households renting, which is far above the New South Wales rate of 32.6%. Very few people own their homes outright, at just 12.4%, a figure far below the national average.
68.1% ▲ +0.8%
Higher than 99% of suburb / locality areas.
- 2011: 67.6%
- 2016: 69.5%
- 2021: 68.1%
Share of occupied private dwellings that are rented.
12.4% ▲ +14.3%
Lower than 96% of suburb / locality areas.
- 2011: 10.9%
- 2016: 11.4%
- 2021: 12.4%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Ultimo, Rented is the majority at 68%; Owned outright is next at 12%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Flats or apartments make up 87.4% of the area, while separate houses are very rare at only 0.2%. Because so few homes have three or more bedrooms, the area has a high density of 1.2 people per bedroom, well above the national figure.
1.20 ▼ -14.3%
Higher than 96% of suburb / locality areas.
- 2011: 1.40
- 2016: 1.40
- 2021: 1.20
Average number of usual residents per bedroom — a crowding measure.
0.2% ▼ -79.9%
Lower than 99% of suburb / locality areas.
- 2011: 0.9%
- 2016: 0.2%
- 2021: 0.2%
Share of occupied private dwellings that are separate houses.
18.1% ▲ +38.2%
Lower than 99% of suburb / locality areas.
- 2011: 13.1%
- 2016: 16.7%
- 2021: 18.1%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Ultimo, Flat or apartment is the majority at 88%; Townhouse / semi-detached is next at 12%.
Bedrooms per home
View on map →In Ultimo, the largest group is 2 bedrooms at 42%, followed by 1 bedroom (34%) and 3 bedrooms (15%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Ultimo
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Ultimo [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL14024/ultimo/topic/housing-dwellings