LLT Accountants Serving Ultimo

Are you happy the way your business or company is performing? You may be pleased to know that LLT Accountants can help identify and remedy any area of your business that is not working right. Taking timely action may be crucial. We specialise in business rescue, advisory and coaching. We are your business partner. Make an appointment with our CA (chartered accountant) partner for an obligation-free chat. Besides businesses, we also serve individuals, SMSFs and trusts. For example, if you wish to have your SMSF audited, our CPA (certified practising accountant) partner is at hand to help. Our range of services tailored for you. These include tax planning/advice, accounting/bookkeeping, auditing, financial statement preparation, budgeting, GST advice & BAS preparation, SMSF setup and company incorporation. Contact us today for a free consultation.

Ultimo History

Ultimo, an inner-city suburb, is located about 2 kilometres south-west of Sydney. In the 1800s, Dr John Harris family owned large tracts of farmland in the area. Subsequently, residential homes were developed and factories, quarries, woolstores and power station were contructed at the location. Today, very little industry remained and Ultimo has a mix of residential and commercial areas.
The famous Broadway Street on which Broadway Shopping Centre stands is surrounded by Ultimo, Chippendale and Glebe. The suburb is home to the main campus of UTS (University of Technology, Sydney) and the Sydney Institute of TAFE.

Demographics

Ultimo has a population of about 7,111 of which the median age is 36 years. Due to its proximity to Chinatown, the suburb has a large Chinese population. The people living the area are mainly Chinese, English, Australian, Irish and Indian.
A majority of the residents hold white collar jobs such as professionals (34%), clerical and administrative positions (14%) and managers (12%).

Transport

Ultimo is located near to Central Railway station. The suburb is well served by buses and trains. Sydney’s light rail network has stations at the eastern edge of the suburb.

Centres of Commerce

Broadway Shopping Centre is the main commercial area of Ultimo where there are large stores such as Coles, Woolworth and Kmart. Here one can find many different types of restaurants such as German, Asian and Italian restaurants.

Housing Profile

Flats, units and apartment form the majority or 85% the suburb’s housing while semi-detached and terrace houses make up about 14%.

                                                                                           Houses                                        Units
                               Median house price                         $1.38m                                        $529,000
                               Rent                                                    $700pw                                       $550pw
                               Rental yield                                        2.8%                                            5.4%