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Paddington

Suburb Profile

Paddington - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4064

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 16% capital gain.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,160,000.

Profits due to an upward trend in home prices there averaged 5.33% per annum over a 3-year period.

Home owners selling their properties and realtors in PADDINGTON usually have to wait an average of 72.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $635 mark, reflecting a 2.85% increase in returns based on the current median price in PADDINGTON.

PADDINGTON, 4064 places 410th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,160,000 $443,000
GROWTH REPORT
Median Quarterly -0.43% -4.73%
Median 12 month -2.73% -11.4%
Median 3 years 16% -17.96%
Median 5 years 29.18% -12.8%
10 years average annual 5.65% 0.32%
Weekly media advert. rent $635 $400
Time on Market 72.6 days 64.2 days
Gross Rental Yield Percent 2.85% 4.7%
demographics (median values)
Total Population
7622
Weekly Household Income
1489
Household Size
2.30
demographics
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