Suburb Profile Report for Paddington NSW (2021)

Paddington House: Median price $2,247,500, Annual capital growth 6.99%, Number of sales 242, Weekly median advertised rent $1,113

Paddington Unit: Median price $922,500, Annual capital growth 7.72%, Number of sales 86, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$2,247,500 $922,500
7.02% 5.73%
22.98% 15.31%
6.99% 7.72%
$1,113 $550
242 86
2.57% 3.10%
54.88 58.06

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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