Giving property investors a a stable capital gain of 9.84% for the last year, Paddington, 4064 is the 1152th highest performer in Australia in this respect.
Paddington,4064 has offered an average of 9.84% return per annum in house price rises to property investors over the last three years.
Paddington, 4064 is offering QLD ‘s 154th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Using the current median advertised rental of $565 and the average annual increase in value of a median property of 6.71%, investors should hope to achieve an overall return of 2.92%
With a capital gain of 0.47% for the last 12 months, Paddington, 4064 has performed for property investments than its average annual 4.59% property growth over the last 5 years.
A 22.02% growth in median value for property investors in Paddington,4064 puts this suburb at number 204th in terms of best performing suburbs in QLD
At number 159th of QLD’s most discounted properties, Paddington is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Paddington have been waiting around 68.38 days to sell a property.
The QLD suburb of Paddington, 4064 is in the Brisbane local government area.
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