Units
$795 /week
Past 12 month change+6.0%
Median days on market24
Property Management
Property Management Ultimo
Property management for Ultimo's CBD-fringe apartment market, with careful pricing, presentation and building coordination.
Rental property management in Ultimo
Ultimo is a compact CBD-fringe apartment market near major education and employment precincts. Smaller apartments may face close competition, so leasing should account for layout, condition, presentation, building access and the specific listings available at the time.
Ultimo property market overview
These Census indicators provide local housing and rental context for Ultimo. They help describe the area, but current evidence matched to the individual property should still guide pricing.
- 2021 population
- 7,410
- 2016 population
- 8,845
- 2016–2021 population change
- ≈ -16.2%
- Occupied dwellings rented
- 68.1%
Local housing and rental profile
Flats or apartments87.4%
Occupied dwellings rented68.1%
Areas near Ultimo
Ultimo connects directly with Pyrmont and Haymarket in the City of Sydney rental market.
City of Sydney · Pyrmont · Haymarket
Talk to us about your property →Current median weekly rent
Ultimo rental market trend
Compare the verified five-year median weekly rent trend for houses and units in Ultimo. These are suburb-level indicators, not a property-specific rental appraisal.
Houses
$1,095 /week
Past 12 month change+9.5%
Median days on market29
UnitsHouses
Ultimo is apartment-led and has a high proportion of rented dwellings. Close comparison between similar apartments makes accurate presentation, usable layout, condition and current property-specific pricing especially important.
Recent rental context — postcode 2007
These postcode-level indicators cover one-, two- and three-bedroom apartments across postcode 2007. They provide recent context and are not a suburb-exclusive or property-specific appraisal.
1 bedroom unit$720–$780 per week
2 bedroom unit$1,200–$1,285 per week
3 bedroom unit$1,690–$1,700 per week
Data period: June–August 2026
Ultimo rental market
Use YAY's NSW Rental Market Check for current postcode context, then compare listings that best match the property's dwelling type, position, layout, parking, condition and presentation.
Check the Ultimo rental market →Ultimo landlord considerations
These priorities should be applied to the individual property and current market evidence.
Comparable apartment competition
Review similar apartments available in the same week, including differences in size, level and condition.
Building access
Plan keys, intercom, lift and move arrangements before inspections, maintenance and tenancy changes.
Layout and usability
Explain storage, work areas and functional layout clearly, especially for compact apartments.
Pricing and presentation
Position the asking rent together with photography, condition and a realistic launch strategy.
Property management services
Connected support from leasing and tenant selection through day-to-day tenancy management and owner reporting.
Leasing strategy
Tenant selection
Tenancy management
Routine inspections
Maintenance coordination
Rent reviews
Arrears follow-up
Compliance administration
Owner reporting
Ongoing communication
Switching property managers in Ultimo
Once appointed and after the current agreement requirements are understood, YAY can review the management arrangement and coordinate the practical handover with the outgoing agent.
Learn how to switch →Ultimo property management FAQs
What residential properties can YAY manage in Ultimo?
YAY can manage residential rental property in Ultimo, coordinating leasing, communication, inspections, maintenance and owner reporting around the dwelling type and tenancy.
How should a Ultimo property be priced for rent?
Start with genuinely comparable current listings and recent leasing evidence, then account for dwelling type, exact position, layout, parking, condition, presentation and launch timing.
How does the local Ultimo market affect leasing?
Market conditions differ by property type, exact position, access, features and competing listings, so decisions should be based on the individual property and current evidence.
How are Ultimo property management fees structured?
Fees commonly include an ongoing management fee, with leasing and other agreed services depending on the arrangement. YAY provides a clear proposal before appointment so services and applicable fees are understood upfront.
Can YAY manage a Ultimo property with an existing tenant?
Yes. YAY can review the current arrangement and coordinate the transfer once appointed, without the change of agent itself ending the tenancy.
Can I switch from another Ultimo property manager?
Yes. The current management agreement should first be checked for notice and termination requirements. YAY can then coordinate the practical handover after appointment.