At number 528th in the list of Australian suburbs ordered by increase in median house value over the last year, Paddington, 2021 is in the top 20% with a property value increase of 16.07% recorded in median house prices.
Across a shorter period, Paddington, 2021 has seen a median price increase of 7.14% over the last quarter.
Our latest figures would indicate that property sellers in Paddington are currently offering property investors an average price cut of -4.98% below the asking price at the moment.
On average over the past year, suburb has had 20.00 sales per month, which equates to 240 per year.
Situated 2.68km from the CBD, Paddington is one of Woollahra localities in the postcode 2021.
Paddington, 2021 ranked 511th in NSW when comparing growth in median property values or capital gain over the last 12 months. Paddington is one of 3162 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Paddington comes in at number 415th in NSW.
Vendor discounting in Paddington is giving property investors an average Vendor Discount of around -2.40%. This puts suburb at number 426th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 4.36%, investors should hope to achieve an overall return of 3.85%