Paddington, 4064 ranked 257th in QLD when comparing growth in median property values or capital gain over the last 12 months. Paddington is one of 2415 in our list for QLD
Across a shorter period, Paddington, 4064 has seen a median price increase of 0.00% over the last quarter.
At number 211th of QLD’s most discounted properties, Paddington is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Paddington is 712th on a list of best yielding suburbs for rents in QLD with a 3.19% return
QLD has seen average median house prices change by 0.77% which means that Paddington, 4064 has done well for property investors by showing a capital gain of 2.75% over the last year
If we look at median property appreciation over just the last three months, Paddington has given property investors a paper return of -3.13%. This puts Suburb as 295 on a list of fastest fasting appreciating suburbs in QLD
At number 123th of QLD’s most discounted properties, Paddington is in the bottom 40% of the state/territory when listing in order of most discounted to least.
At number 498 in a list of fastest selling suburbs, Paddington is in the TOP 40% of suburbs in Australia with an average of days on market 63.02 for properties listed there.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 4.87%, investors should hope to achieve an overall return of 3.83%
Paddington’s relative value is certainly a selling point for Herron Todd White’s David Hyne. “Paddington represents good value considering the location and facilities in comparison to other suburbs of similar distance from the city,” he says.Full summary
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Paddington’s relative value is certainly a selling point for Herron Todd White’s David Hyne. “Paddington represents good value considering the location and facilities in comparison to other suburbs of similar distance from the city,” he says.
Certainly a median price comparison with some of Paddington’s neighbours bears out Hyne’s comments. Milton, Red Hill and Bardon all have a higher median unit price that Paddington according to RP Data figures.
Plus, at just 3km from the CBD, Paddington ticks all the right boxes in terms of accessibility and amenities.
“Paddington is accessible to a number of retail and restaurant hubs, including Latrobe-Given Terrace, Rosalie Village and The Barracks complex on Petrie Terrace,” explains Hyne.
He goes on to add that – after the tragic floods in January 2011 – it’s well worth doing your due diligence on flood prone properties.
Population growth in the Paddington SLA has been good, with the average annual rate over four years coming in at 1.5% according to ABS data. The area’s unemployment rate was 2.2% at last count and Census data reveals that the area’s weekly family income of $1,900 was well above the Queensland average of $1,123.
Paddington’s vacancy rate is extremely low and renters make up about half of the population base. SQM Research expects this figure to rise to 64% in the next five years.Close