Suburb Profile Report for Paddington NSW (2021)

Paddington House: Median price $2,305,000, Annual capital growth 7.33%, Number of sales 245, Weekly median advertised rent $1,100

Paddington Unit: Median price $1,005,000, Annual capital growth 9.27%, Number of sales 101, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$2,305,000 $1,005,000
2.54% 2.97%
21.32% 32.24%
7.33% 9.27%
$1,100 $550
245 101
2.48% 2.85%
57.86 65.1

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 12135
Median household income ($/weekly) 2290
Median age of persons 35
Median housing loan repayment ($/monthly) 3467
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 3136 25.8
    35-44 years 2330 19.2
    45-54 years 1429 11.8
    55-64 years 1200 9.9
    65-74 years 872 7.2
    Others 3168 26.1
    Age Group
    Census Count Percent(%)
    Not Married 4330 49.2
    Registered Married 3033 34.5
    Defacto Relationship 1435 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6993 65.8
    Papua New Guinea 446 4.2
    United Kingdom 1222 11.5
    United States of America 192 1.8
    Other 626 5.9
    Others 1154 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 1.9
    Christianity 5865 57.7
    Hinduism 50 0.5
    Judaism 298 2.9
    No Religion 3674 36.1
    Others 93 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 287 6.3
    $1,500-$1,999 463 10.2
    $2,500-$2,999 830 18.2
    $3,000-$3,499 341 7.5
    $4,000 or more 791 17.4
    Others 1839 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5213 55.5
    Not in the labour force 2007 21.4
    Employed, worked part-time 1551 16.5
    Employed, away from work 357 3.8
    Unemployed, looking for work 257 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1484 20.9
    Professionals 3322 46.7
    Community & personal service workers 450 6.3
    Clerical & administrative workers 814 11.4
    Sales 468 6.6
    Others 578 8.1
    Occupation
    Census Count Percent(%)
    Pre-school 167 8.2
    Infants/Primary 503 24.8
    Secondary 305 15.0
    Technical or Further Educational Institution 137 6.7
    University or other Tertiary Institutions 818 40.3
    Others 101 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 7241 70.5
    Flat, unit or apartment 2244 21.9
    Separate house 716 7.0
    House or flat attached to a shop, office 69 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2374 47.5
    Fully owned 1327 26.6
    Being purchased 1273 25.5
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals