Paddington is in the TOP 10% in NSW when comparing median price capital growth over the last year. Paddington gave property investors a very good capital gain figure when compared to the rest of the state, with 22.98%.
While Paddington,2021 ranked number 242th in NSW for increase in median house value (annualised) increase, it is ranked 531th over the last 5 years.
Our latest figures would indicate that property sellers in Paddington are currently offering property investors an average price cut of -3.77% below the asking price at the moment.
A $1112.5 per week rent on the median house gives suburb investors a gross yield of circa 2.57%, without taking into account capital value appreciation, which has been averaging out at 6.99%.
Investment property in Paddington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.31%
Over the longer term, Paddington has seen property prices show investors a 41.81% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in Paddington itself are offering an average vendor discount of -2.82% to real estate investors.
Paddington, 2021’s gross rental yield is 3.10%