Suburb Profile Report for Paddington QLD (4064)

Paddington House: Median price $1,150,000, Annual capital growth 4.74%, Number of sales 148, Weekly median advertised rent $590

Paddington Unit: Median price $534,500, Annual capital growth 2.54%, Number of sales 65, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Paddington, 4064 ranked 77th 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

If we look at median property appreciation over just the last three months, Paddington has given property investors a paper return of 8.49%. This puts Suburb as 45 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Paddington are currently offering property investors an average price cut of -6.46% below the asking price at the moment.

In the last year 148 properties changed hands in Paddington, which puts it as the 105th most active market in QLD when comparing the number of sales per suburb.

At number 1161th in the list of Australian suburbs ordered by increase in median house value over the last year, Paddington, 4064 is in the BOTTOM 40% with a property value increase of -0.56% recorded in median house prices.

Comparing Paddington,4064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Paddington is giving property investors an average Vendor Discount of around -7.09%. This puts suburb at number 62th in QLD when ranking the most discounted suburbs.

At number 1186 in a list of fastest selling suburbs, Paddington is in the bottom 20% of suburbs in Australia with an average of days on market 98.92 for properties listed there.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

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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.Full summary

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.

Metrics i HOUSE UNIT
$1,150,000 $534,500
8.49% -0.83%
15.00% -0.56%
4.74% 2.54%
$590 $400
148 65
2.67% 3.89%
68.62 98.92

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Paddington QLD
Total population 7986
Median household income ($/weekly) 2074
Median age of persons 32
Median housing loan repayment ($/monthly) 2557
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 940 11.8
    25-34 years 2038 25.5
    35-44 years 1312 16.4
    45-54 years 880 11.0
    55-64 years 729 9.1
    Others 2088 26.1
    Age Group
    Census Count Percent(%)
    Not Married 3097 50.6
    Registered Married 2178 35.6
    Defacto Relationship 843 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5877 77.5
    Italy 87 1.1
    Papua New Guinea 284 3.7
    United Kingdom 431 5.7
    Other 258 3.4
    Others 648 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 128 1.8
    Christianity 4215 58.7
    Hinduism 51 0.7
    Other Religious Groups 47 0.7
    No Religion 2711 37.7
    Others 33 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 331 11.7
    $2,000-$2,499 284 10.0
    $2,500-$2,999 435 15.3
    $3,000-$3,499 265 9.3
    $4,000 or more 318 11.2
    Others 1207 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3448 53.1
    Employed, worked part-time 1341 20.6
    Not in the labour force 1279 19.7
    Employed, away from work 238 3.7
    Unemployed, looking for work 192 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 755 15.0
    Professionals 2053 40.8
    Technicians & trades workers 425 8.5
    Community & personal service workers 420 8.4
    Clerical & administrative workers 713 14.2
    Others 663 13.2
    Census Count Percent(%)
    Pre-school 98 5.2
    Infants/Primary 450 24.0
    Secondary 240 12.8
    Technical or Further Educational Institution 138 7.4
    University or other Tertiary Institutions 891 47.5
    Others 58 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5471 74.0
    Flat, unit or apartment 1291 17.5
    Semi-detached, row or terrace house, townhouse 605 8.2
    House or flat attached to a shop, office 28 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1467 47.0
    Being purchased 926 29.7
    Fully owned 708 22.7
    Other tenure type 17 0.5
    Tenure Type
Census 2011, ABS
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