Paddington

POSTAL CODE: QLD, 4064

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 12.43% capital gain.

Property investors in PADDINGTON enjoyed capital gains of 8.05% 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 $2,080,000.

Profits due to an upward trend in home prices there averaged 4.14% per annum over a 3-year period.

Home owners selling their properties and realtors in PADDINGTON usually have to wait an average of 53 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $932.5 mark, reflecting a 2.33% increase in returns based on the current median price in PADDINGTON.

PADDINGTON, 4064 places 310th in Australia based on median property value growth during the quarter.

Property investors in PADDINGTON enjoyed capital gains of 4.68% over the last 12 months translating to lower returns compared with its peers in the territory.

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.

PADDINGTON posted a 38.65% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $610 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $610 mark, reflecting a 3.68% increase in returns based on the current median price in PADDINGTON.

PADDINGTON, 4064 ranks 362nd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

PADDINGTON ranks 350th on the list of best yielding suburbs for rental properties in QLD, posting a 3.68% return.

Surburb overview

Paddington, an inner-city suburb just 3 kilometres west of Brisbane’s CBD, is known for its charming Queenslander-style homes, trendy cafes, and vibrant community. With a population of approximately 8,554 people, the predominant age group is 20-29 years, making it popular among young professionals and students. The suburb has seen a 7.1% increase in population since 2011, reflecting its growing appeal.

The real estate market in Paddington has shown consistent growth, with the median house price currently around $1,900,000 and units priced at approximately $707,250. The rental market remains strong, with median weekly rents at $825 for houses and $550 for units, providing rental yields of 2.62% for houses and 4.48% for units.

Paddington is known for its lively atmosphere, featuring a mix of cafes, boutiques, antique stores, and art galleries along Given Terrace and Latrobe Terrace. The suburb’s proximity to parks and bushland, such as the nearby Mount Coot-tha and its walking tracks, appeals to those seeking a balanced lifestyle. The suburb is also home to some of Brisbane’s best cafes and boutique bars, making it a hotspot for weekend brunches and nightlife.

Overall, Paddington is a highly desirable suburb for professionals, singles, and families seeking a vibrant urban lifestyle close to Brisbane's central business district.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,080,000	$861,000
Growth Report
Median Quarterly	4.52%	4.55%
Median 12 month	8.05%	4.68%
Median 3 years	12.43%	38.65%
Median 5 years	73.33%	69.4%
10 years average annual	9.13%	5.45%
Weekly media advert. rent	$933	$610
Time on Market	53 days	20.5 days
Gross Rental Yield Percent	2.33%	3.68%

Demographics (Median Values)*

Total Population 7622

Weekly Household Income 1489

Household Size 2.30

Average Age 31

Monthly Loan Repayment 1800

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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