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Paddington

POSTAL CODE: NSW, 2021
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Property investors enjoyed capital gains of 14.29% 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 22.82% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $1400 based on current median home prices for the suburb.

On average, rents on listings have reached the $1400 mark, reflecting a 1.97% increase in returns based on the current median price in PADDINGTON.

PADDINGTON, 2021 ranks 197th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1077th on the list of best yielding suburbs for rental properties in NSW, posting a 1.97% return.

Surburb overview

Paddington, NSW 2021, is an upscale inner-eastern suburb of Sydney located approximately 3 kilometres east of the CBD. The suburb is known for its vibrant atmosphere, Victorian terrace houses, trendy boutiques and cafes along Oxford Street. Its population is around 12,889, with the predominant age group being 30-39.

The housing market in Paddington primarily consists of semi-detached houses and apartments, with a median house price of $3,212,500 and a median unit price of $900,000. The median rent is $1,380 per week for houses and $700 per week for units, with rental yields of 2.43% and 3.26%, respectively.

Paddington is well-connected to public transport, with frequent buses providing access to the CBD and surrounding suburbs. The suburb has a strong community feel and offers a variety of amenities, including the historic Paddington Reservoir, Paddington Markets, and the Palace Verona Cinema. The suburb’s proximity to Moore Park and Centennial Park also provides ample green space for recreational activities.

Paddington’s heritage charm, modern amenities, and convenient location make it a desirable suburb for professionals, young families, and those seeking a vibrant urban lifestyle.

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