Ultimo Suburb Profile
Living in Ultimo
Warehouse character, city at the door.
Ultimo sits right against the city, a compact pocket of warehouse conversions and apartments threaded by the light rail and the Goods Line. It is home to the UTS and TAFE precinct, with Darling Square and Darling Harbour a short walk away, so demand from students and young professionals rarely lets up.
The Gallery Real Estate is a boutique real estate agency specialising in property management and leasing across Inner Sydney. We lease and manage across Ultimo and the surrounding suburbs, with the local evidence to price and present your property properly.
1km
From Sydney CBD
$1,150
Median weekly rent, 2-bed units
–
Median weekly rent, 3-bed houses
8 days
Our median time to lease
Life in Ultimo
The everyday things that make tenants want to live here and stay here.
Eat & drink
Darling Square and Darling Harbour are on the doorstep, putting dining and entertainment within an easy walk. Most nights out start and end without needing a car.
Green space
Wentworth Park gives you room to stretch out close to home, while the Goods Line threads an elevated walkway through the suburb. Fresh air is never more than a few minutes away.
Getting around
The light rail runs right through the suburb, so getting around rarely involves a car. With the city this close, many residents walk to work or class.
The homes
The housing stock leans to warehouse conversions and apartments, well suited to city workers and students who want to live minutes from everything.
Renting in Ultimo
Median weekly asking rents in Ultimo currently run at one-bedroom units around $650 a week, two-bedroom units around $1,150 (June 2026 medians).
Demand comes largely from UTS and TAFE students alongside young professionals working in the city. Well-presented and well-managed properties lease quickly; our portfolio-wide median time to lease is 8 days against an inner Sydney market median of around 19.
See our current properties for lease or get an instant, data-backed rent estimate for a property in Ultimo.
Homes, managed properly
Gallery-managed homes are presented properly, photographed professionally and looked after all year, which is why they lease in a median of 8 days.
Own a property in Ultimo?
The Gallery Real Estate is a boutique real estate agency specialising in property management and leasing across Inner Sydney. See how we manage in Ultimo, or ask us what your property should be returning.
Talk to a local specialist
Leave your details for a no obligation call with Thomas Tamine, our Director, about renting, leasing or managing a property in Ultimo.
Schools & Transport in Ultimo
Bus Services
Properties in Ultimo
1-Bed Loft with Resort-Style Amenities in Prime Ultimo Locatio
Located in the heart of Sydney’s education and lifestyle hub, this medium loft apartment on Level 4 offers a comfortable and convenient city living option ideal for students or professionals.