Ultimo NSW, 2007
Ultimo Real Estate: Suburb Profile
Dreaming of a property in Ultimo, NSW 2007? It's essential to evaluate if it is an ideal consideration, given your lifestyle and circumstances. The Homes.com.au suburb profile removes the guesswork by providing the Ultimo property prices, market trends & demographics so we can enable you to be informed regarding your future purchase.
Whether you are upsizing or downsizing to Ultimo, keep reading for a brief historical overview to discover the fantastic lifestyle and what makes this suburb so popular.
Overview Less than 2 km southwest of the city CBD, Ultimo is a highly multicultural suburb of Sydney. Located close to the darling harbour, it was once a centre for warehouses. However, with the growth of Sydney, Ultimo has turned to be a significant residential and commercial hub. The suburb is under the City of Sydney local government and had 8,845 residents at the 2016 census. Ultimo shares borders with Pyrmont, Haymarket, Chippendale and Glebe suburbs. Darling Harbour is positioned to its east.
Living in Ultimo From a place of labour and industry, Ultimo has progressed to emerge as a glitzy centre of spectacular events, entertainment, dining and commerce. It is home to premier educational institutes, such as the University of Technology, Sydney Technical and Further Education, Notre Dame University and Torrens University. A large number of students reside along with families and professionals. About 80% of Ultimo residents are migrants making it a multicultural suburb. There is a sizeable Chinese population too.
The city's proximity is a major convenience for Ultimo residents; there are two large shopping centres at Broadway Centre and The Living Mall. Wentworth Park is a paradise for joggers and sports lovers. Ultimo has two community centres, plenty of cafes and restaurants and excellent public transport.
History of Ultimo The suburb was named after the Ultimo Estate owned by John Harris and became a part of Sydney in 1842. Harris was granted 34 acres of land in 1803 for his military services and clamping down on the illegal rum trade. However, he was subject to court-martial on frivolous charges brought by those involved in the trade. A clerical error replaced "instant or this month" by "ultimo or last month" in court records to indicate the time of his crime. This helped acquit Harris, and he celebrated this by naming his estate Ultimo.
The area remained farmland until the 1840s, when the first residences came up. Ultimo became home to warehouses, slaughterhouses and other industries starting from the 1850s. A railway station was opened in 1855, and the Pyrmont Bridge was built in 1859. Water and rail access invited many industries to the area. However, industries were closed, and it turned to be a residential area by the 1950s. The University of Technology, Sydney, was set up in 1988.
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