45 Jones Street, Ultimo is located in Ultimo and is a landmark building of significance - a cornerstone structure with its own blend of Australian history. Designed by the Architect, Herbert E Ross, who also designed the Commonwealth Bank Building in Martin Place, the original five level federation style warehouse was purpose built for the Co-operative Wool and Produce Company in 1899 on a former quarry site. By 1911 after additions including two floors, the building had a capacity for storage of up to 50,000 bales of wool making it the largest single wool store in Sydney at the time.
The property was purchased by Toga Group in 2005 who then refurbished the building and upgraded its facilities and equipment using award winning architects Bates Smart.
As a result of these works the building was recently awarded a 4.5 star NABERS Rating.
The size of Ultimo is approximately 0.6 square kilometres. It has 3 parks covering nearly 2.1% of total area. The population of Ultimo in 2016 was 8845 people. By 2021 the population was 7410 showing a population decline of 16.2% in the area during that time. The predominant age group in Ultimo is 20-29 years. Households in Ultimo are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ultimo work in a professional occupation.In 2021, 24.60% of the homes in Ultimo were owner-occupied compared with 25.00% in 2016.
Ultimo has 6,558 properties. Over the last 5 years, Houses in Ultimo have seen a 16.45% increase in median value, while Units have seen a -8.62% decrease. As at 31 December 2025:
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