Property investors who have had real estate in Paddington, 2021 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.00%
Across a shorter period, Paddington, 2021 has seen a median price increase of 5.61% over the last quarter.
Our latest figures would indicate that property sellers in Paddington are currently offering property investors an average price cut of -2.27% below the asking price at the moment.
The NSW suburb of Paddington, 2021 is in the Woollahra local government area.
At number 622th in the list of Australian suburbs ordered by increase in median house value over the last year, Paddington, 2021 is in the top 40% with a property value increase of 6.05% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Paddington,2021 has racked up an average of 6.05% over the period. This ranks it number 300th 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 -4.16% is being offered, which puts this NSW suburb at 1053th most discounted overall in Australia.
Paddington is 498th on a list of best yielding suburbs for rents in NSW with a 3.31% return