What is the true cost of buying an apartment in Ultimo?

The median apartment in Ultimo is $750,000. Including stamp duty ($28,280), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $58,004, or $4,834/month.

What does it really cost to buy a house in Ultimo?

The median house in Ultimo is $1,850,000. True first-year cost including stamp duty ($84,160), rates, insurance, maintenance, and mortgage repayments is approximately $126,610.

What is the vacancy rate in Ultimo?

Ultimo currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Ultimo

2007 NSW · 2km to CBD

Stable

A decision, not just a search · Ultimo

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Ultimo is a vibrant inner-city suburb located just 2km southwest of Sydney CBD, renowned for its educational institutions and modern urban living. Home to the University of Technology Sydney (UTS) main campus and TAFE NSW Ultimo, the suburb attracts a diverse mix of students, young professionals, and academics. The area has undergone significant urban renewal with high-density residential developments dominating the landscape. Ultimo offers excellent connectivity via light rail and proximity to Central Station, making it highly accessible to the CBD and broader Sydney. The suburb features cultural attractions like the former Powerhouse Museum site, green spaces including Tumbalong Park and the Chinese Garden of Friendship, and waterfront recreation at Pyrmont Bay Park. With limited local retail, residents typically access shopping and dining in nearby Haymarket and the CBD. The property market is predominantly apartment-focused with strong rental demand driven by the educational institutions and CBD proximity. Ultimo represents modern urban living with a strong student and professional demographic, supported by excellent infrastructure and ongoing development projects that continue to enhance its appeal as a central Sydney location.

Prime location just 2km from Sydney CBD with excellent connectivityHome to major educational institutions UTS and TAFE NSW creating consistent demandExcellent public transport including light rail and proximity to Central StationSignificant urban renewal and modern high-density developmentsStrong rental market with high occupancy rates

Market Snapshot

Median House

$1.9M

+8.5% 1yr

Median Apartment

$750K

+6.8% 1yr

Median Townhouse

$1.2M

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.8%

Yield (House)

3.2%

Auction Clearance

72%

Population

4,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$4,834/mo

Purchase Price

$750,000

Stamp Duty

$28,280

1st Year Total

$58,004

House

$10,551/mo

Purchase Price

$1,850,000

Stamp Duty

$84,160

1st Year Total

$126,610

Townhouse

$6,910/mo

Purchase Price

$1,200,000

Stamp Duty

$48,530

1st Year Total

$82,916

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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