Demographics in Ultimo (2007)
Ultimo (2007) sits within the City of Sydney LGA. The ABS Census provides the most comprehensive and authoritative source of demographic information at the suburb level, collected every five years. Key indicators for property buyers include median household income (a demand signal), the proportion of renters versus owner-occupiers (a tenure signal), and household size (a supply indicator for the dwelling types most in demand).
The proportion of renters in Ultimo reflects both the housing type mix (units and smaller dwellings attract renters) and the economic accessibility of the suburb. A high renter proportion is normal and positive for investors; it can also indicate a younger, more transient population, which affects the character of the area and the tenant pool. Owner-occupier-dominated suburbs tend to have more stable communities and better-maintained streetscapes.
Demographics in nearby suburbs