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AREA REPORTS

Paddington

Suburb Profile

Paddington - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2021

house
unit

Property investors enjoyed capital gains of 5.49% over the last 12 months in PADDINGTON, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in PADDINGTON are low, as opposed to average gains per annum over the past five years.

The suburb posted a 38.13% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $1200 based on current median home prices for the suburb.

On average, rents on listings have reached the $1200 mark, reflecting a 2.6% increase in returns based on the current median price in PADDINGTON.

PADDINGTON, 2021 ranks 411th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1073rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.6% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,400,000 $870,000
GROWTH REPORT
Median Quarterly 3.56% 1.64%
Median 12 month 5.49% -7.69%
Median 3 years 38.13% 6.1%
Median 5 years 57.12% 40.32%
10 years average annual 7.05% 7.9%
Weekly media advert. rent $1200 $550
Time on Market 38.1 days 41.6 days
Gross Rental Yield Percent 2.6% 3.29%
demographics (median values)
Total Population
11660
Weekly Household Income
1851
Household Size
2.00
demographics
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