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AREA REPORTS

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 20.25% capital gain.

Property investors in PADDINGTON enjoyed capital gains of 8.33% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $1,202,500.

Profits due to an upward trend in home prices there averaged 6.75% per annum over a 3-year period.

Home owners selling their properties and realtors in PADDINGTON usually have to wait an average of 75.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $635 mark, reflecting a 2.75% increase in returns based on the current median price in PADDINGTON.

PADDINGTON, 4064 places 161st 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 $1,202,500 $495,000
GROWTH REPORT
Median Quarterly 3.22% 11.49%
Median 12 month 8.33% -2.65%
Median 3 years 20.25% -7.91%
Median 5 years 35.49% -1.88%
10 years average annual 5.12% 1.05%
Weekly media advert. rent $635 $420
Time on Market 75.6 days 59.7 days
Gross Rental Yield Percent 2.75% 4.41%
demographics (median values)
Total Population
7622
Weekly Household Income
1489
Household Size
2.30
demographics
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