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 16.00%
A 46.57% growth in median value for property investors in Paddington,2021 puts this suburb at number 341th in terms of best performing suburbs in NSW
At number 792th of NSW’s most discounted properties, Paddington is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Situated 2.66km from the CBD, Paddington is one of Woollahra localities in the postcode 2021.
If you compare the increase in value of investment property in Paddington, 2021 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.84%.
Taking the average capital gain, or increase in median house value, Paddington,2021 has racked up an average of -2.84% over the period. This ranks it number 695th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Paddington, 2021. Typically our figures indicate that -2.78% is being offered, which puts this NSW suburb at 1349th most discounted overall in Australia.
A $540 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 5.59%.