Ultimo, a vibrant suburb just a stone's throw from Sydney's central business district, offers an eclectic mix of cultural experiences, educational opportunities, and urban amenities. Known for its close-knit community feel, Ultimo boasts excellent transport links and a dynamic lifestyle. This article delves into the best residential areas within Ultimo, outlining their unique characteristics, housing options, and prices to help you find your ideal home.
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Central Ultimo
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Central Ultimo is the bustling heart of the suburb, characterised by its vibrant café culture and close proximity to educational institutions such as the University of Technology Sydney. It's ideal for students, professionals, and families who enjoy a lively atmosphere.
Characteristics of the Central Ultimo
* Culture: Rich cultural diversity with art galleries and community events
* Transportation: Excellent public transport access with nearby bus and light rail services
* Services: Various grocery stores, cafes, and restaurants, along with medical facilities
* Environment: Lively urban setting with a strong sense of community
Housing Options in the Central Ultimo
Modern apartments, Heritage-listed units, Townhouses
Average Home Prices in the Central Ultimo
* Buying: $650,000 – $1,200,000
* Renting: $500 – $850/month
Darling Harbour
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The proximity to Darling Harbour makes this area one of Ultimo's most popular choices. Residents enjoy beautiful waterfront views and access to parks and recreational activities. It's perfect for those who appreciate an active lifestyle and vibrant nightlife.
Characteristics of the Darling Harbour
* Culture: Centre for entertainment and dining experiences
* Transportation: Public transport options including ferries and light rail
* Services: Shopping centres, restaurants, and cultural attractions nearby
* Environment: Energetic and scenic, with plenty of outdoor options
Housing Options in the Darling Harbour
Luxury apartments, Flats with harbour views
Average Home Prices in the Darling Harbour
* Buying: $850,000 – $1,600,000
* Renting: $600 – $1,200/month
Ultimo Park Area
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Known for its green spaces and quiet ambiance, the Ultimo Park area attracts families and those looking for a peaceful retreat while still being close to urban amenities. It's ideal for individuals who enjoy outdoor activities and community parks.
Characteristics of the Ultimo Park Area
* Culture: Community-focused living with family-friendly events
* Transportation: Good access to public transport options
* Services: Local parks, playgrounds, and cafes
* Environment: Quiet residential streets, perfect for families
Housing Options in the Ultimo Park Area
Family homes, Townhouses, Duplexes
Average Home Prices in the Ultimo Park Area
* Buying: $750,000 – $1,200,000
* Renting: $550 – $900/month
Lee Street
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Lee Street is a more residential enclave within Ultimo, offering a mix of heritage and modern dwellings. Known for its tranquil environment, this area is perfect for professionals and families who want the benefits of city living without the noise.
Characteristics of the Lee Street
* Culture: Strong sense of community, with local events and meetups
* Transportation: Close to light rail and bus services to the CBD
* Services: Convenient services including shops and cafes
* Environment: Calm and friendly, with tree-lined streets
Housing Options in the Lee Street
Old-style terrace houses, Contemporary apartments
Average Home Prices in the Lee Street
* Buying: $700,000 – $1,100,000
* Renting: $600 – $950/month
Wattle Street
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Wattle Street features a blend of old-world charm and modern amenities. Its proximity to universities and tech hubs makes it appealing to students and young professionals. The area is lively, with plenty of cafés and shops.
Characteristics of the Wattle Street
* Culture: A vibrant mix of residents, contributing to a diverse culture
* Transportation: Easy access to buses and light rail, linking it seamlessly to the CBD
* Services: Numerous dining options, markets, and retail stores
* Environment: Busy yet community-focused with a local vibe
Housing Options in the Wattle Street
Apartments with heritage features, Rental units
Average Home Prices in the Wattle Street
* Buying: $600,000 – $950,000
* Renting: $500 – $800/month
Cowper Street
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Cowper Street is a quieter residential area known for its family-friendly atmosphere and convenient access to schools and parks. This area is ideal for families looking for a nurturing environment.
Characteristics of the Cowper Street
* Culture: Emphasis on family activities and community involvement
* Transportation: Accessible via public transport, with nearby bus routes
* Services: Local schools, parks, and community centres
* Environment: Serene and nurturing, perfect for family life
Housing Options in the Cowper Street
Single-family homes, Townhouses
Average Home Prices in the Cowper Street
* Buying: $700,000 – $1,100,000
* Renting: $550 – $900/month
Frequently Asked Questions About the Best Residential Areas in Ultimo:
The best residential areas in Ultimo include Central Ultimo, Darling Harbour, Ultimo Park Area, Lee Street, Wattle Street, and Cowper Street.
Darling Harbour is recognised for its vibrant atmosphere, offering numerous entertainment and dining options.
The Ultimo Park Area and Cowper Street are popular among families due to their amenities and peaceful surroundings.
The average rent in Ultimo ranges from approximately $500 to $1,200 per month, depending on the area and property type.
Home prices in Ultimo can vary significantly, generally ranging from $600,000 to over $1,600,000.
Yes, Ultimo has excellent public transport options, including light rail and bus services linking to the Sydney CBD.
Ultimo offers a range of housing options, including modern apartments, heritage units, townhouses, and detached family homes.
Central Ultimo and Wattle Street are ideal for students due to their proximity to educational institutions and vibrant lifestyle.
Ultimo is generally considered a safe suburb, with a friendly community and low crime rates compared to other urban areas.
The average costs fluctuate, but expect to pay around $650,000 to $1,200,000 for a home in Ultimo.
Conclusion on the Best Residential Areas in Ultimo:
Ultimo presents an appealing blend of urban living and community spirit. With diverse options ranging from lively areas near Darling Harbour to the quieter settings in Ultimo Park and Cowper Street, residents can choose a lifestyle that suits their priorities. Whether you're a first-home buyer, a family, or a student, Ultimo has something to offer. This suburb's strong transport links, amenities, and cultural richness ensure that it remains one of the most desirable places to live in New South Wales.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.