NSW has seen average median house prices change by 7.47% which means that Paddington, 2021 has done well for property investors by showing a capital gain of 18.38% over the last year
Paddington,2021 was ranked 1750 in Australia by increase in median property value over the quarter.
Property buyers and investors in Paddington 2021 should be seeing an average reduction in asking price of around -2.39% . This means that Paddington is holding prices well when compared to other suburbs in NSW.
At number 660 in a list of fastest selling suburbs, Paddington is in the TOP 20% of suburbs in Australia with an average of days on market 53.92 for properties listed there.
Paddington, 2021 ranked 78th in NSW when comparing growth in median property values or capital gain over the last 12 months. Paddington is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Paddington,2021 has racked up an average of 17.21% over the period. This ranks it number 136th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Paddington are currently offering property investors an average price cut of -4.23% below the asking price at the moment.
Using the current median advertised rental of $535 and the average annual increase in value of a median property of 7.88%, investors should hope to achieve an overall return of 3.08%