23/23-33 Macarthur Street, Ultimo NSW 2007
23/23-33 Macarthur Street, Ultimo NSW 2007
Compact inner-city unit | Established security building | Strong rental demand | Walk to UTS, Darling Harbour & light rail | Finish and outlook likely drive value
This property sits within a well-established Ultimo apartment pocket that consistently attracts owner-occupiers and investors alike. The building stock here is compact, secure, and practical, with layouts that favour single professionals, couples, or students seeking proximity to the CBD, UTS, and major transport links. The unit’s likely configuration—one or two bedrooms with a balcony and secure access—positions it as a low-maintenance option in a neighbourhood where demand is steady and rental appeal is strong. Its competitive edge is the location itself: walkable to education, employment, and entertainment, which makes it a resilient choice for those prioritising convenience over space.
Value may be shaped by the unit’s floor level, aspect, and internal condition, as these vary noticeably across similar buildings in the street. A top-floor position with open outlook could command a premium, while a lower-level unit with limited natural light might trade at a more modest level. Renovation quality—such as updated kitchen finishes or fresh paint—can also influence buyer interest, as can the availability of parking, which is not guaranteed in this precinct. Buyers should weigh these factors when forming their own view on price, as they carry more weight than suburb-wide trends.
Detailed Independent Property Report prepared by PropCred Analyst team for 23/23-33 Macarthur Street, Ultimo NSW 2007
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Ultimo’s property market is sharply split. Houses sit at a $1.75m median with a 2.85% gross yield and just nine sales a year; units, at $656,500, yield 6.52% with 144 sales. Students and young professionals near UTS and USYD drive rental demand, supporting the strong unit yield. Yet unit prices have fallen 11.28% in the last year and 35.8% over a decade, while houses have averaged 8.65% annual growth. Units spend a median 40 days on market. Future growth relies on continued inner-city transport upgrades and university-driven tenants, but affordability caps house demand and recent unit declines highlight rate sensitivity and supply pressures in the unit segment.
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PropCred Estimated Value
Comparable Sales: 9/17-19 Macarthur Street sold for $700,000; 10/23 Macarthur Street sold for $930,000 | Property Price Band: $700,000–$900,000 | Value Drivers: Floor level, outlook, internal condition, parking availability
Bedrooms
2
Bathroom
1
Parking
1
Land
1117m²
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