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Ultimo Suburb Insights
VICLocation Information
Suburb Name
Ultimo, VIC
Distance from CBD
11.6 kmDemographics
Population
8,845
Median Income
$20,072
Area Information
Area
0.56 km²
Population Density
15795 people/km²
Property Market
Median Price
$866,189
Annual Growth
+10.6%Property Price Trend Analysis
Current Median Price
$866,189
Annual Growth
+10.6%
Quarterly Growth
+2.9%
Price Trends - Last 6 Months
2024-01
$373,337
+6.1%2024-02
$1,003,855
+6.5%2024-03
$585,024
+13.6%2024-04
$759,213
+10.2%2024-05
$799,210
+17.4%2024-06
$859,892
+11.9%Property Type Price Analysis
House
Median Price
$1,429,807
Growth Rate
+9.7%Available Listings
252 properties
Apartment
Median Price
$382,068
Growth Rate
+14.5%Available Listings
206 properties
Townhouse
Median Price
$749,328
Growth Rate
+11.3%Available Listings
345 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy