Over the last year, property investments in Paddington, 2021 have given investors a capital gain of 21.32%. This compares very favourably with the 10.13% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Paddington has increased when compared to the 5 year average annual rate.
Paddington2021 is located in NSW which offers an average discount of -5.28% to property investors. Paddington itself is showing figures that indicate -2.81% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $1100 mark per week – giving a return of 2.48% based on the median price in Suburb
Giving property investors a a solid capital gain of 32.24% for the last year, Paddington, 2021 is the 39th highest performer in Australia in this respect.
While Paddington,2021 ranked number 208th in NSW for increase in median house value (annualised) increase, it is ranked 65th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Paddington is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 368th in terms of most discounted suburbs in NSW
Advertised rents are around the $550 mark per week – giving a return of 2.85% based on the median price in Suburb