If you compare the increase in value of investment property in Paddington, 2021 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.62%.
Over the longer term, Paddington has seen property prices show investors a 33.34% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Paddington is $1967500, with sellers offering an average of -4.27% off the asking price.
A $1050 per week rent on the median house gives suburb investors a gross yield of circa 2.78%, without taking into account capital value appreciation, which has been averaging out at 6.56%.
With a capital gain of -9.09% for the last 12 months, Paddington, 2021 has performed for property investments than its average annual 4.67% property growth over the last 5 years.
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.
LACK OF BUYER INTEREST may well be the reason that Paddington is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 431th in terms of most discounted suburbs in NSW
A $530 per week rent on the median house gives suburb investors a gross yield of circa 3.94%, without taking into account capital value appreciation, which has been averaging out at 4.67%.