For investors considering Ultimo (2007), gross yield is the starting point, but it is the net yield after outgoings (council rates, strata levies, property management, maintenance) that determines actual cash-flow position. The figures shown are gross. As a rule of thumb, subtract 1.5 to 2.5 percentage points to arrive at a net yield estimate, depending on property type and strata status.
Can I afford Ultimo?
Rental market in Ultimo
Median weekly rent from lodged bonds. Sep 2025. Based on 73 new bond lodgements this quarter.
Rents here are at the higher end for Sydney. Higher holding costs for investors; higher savings pressure for renters.
Median weekly rent · Unit · 2 bed
$1,050per week
Sep 2025 · 73 bonds lodged
Quarterly trend · last 12 quarters
Nearby suburbs · same combination
Chippendale2008
$1,190▲$140
1.0 km away
Forest Lodge2037
$1,100▲$50
1.2 km away
Pyrmont2009
$980▼$70
1.3 km away
Haymarket2000
$1,250▲$200
1.5 km away
NSW DCJ Rental Bond Board↗ · Sep 2025 · CC BY. Cells with 10 or fewer bond lodgements are suppressed; cells with 30 or fewer have the bond count suppressed but rent published. Figures are transacted rents, not asking rents.
A low vacancy rate in Ultimo indicates strong tenant demand relative to supply, typically a positive signal for landlords and a sign that the suburb has sustained rental appeal. Vacancy rates below 2% in Sydney are generally considered a landlord's market; above 3% signals softer conditions. Compare the Ultimo rate to the wider City of Sydney LGA to understand whether it is suburb-specific or part of a broader area trend.
