Paddington, NSW 2021: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Paddington, the median property price for a house is currently $3,250,000 with annual capital growth of 4.84% . There were 229 house sales in the past 12 months. On average, houses spend 64 days on market.

If you're thinking about buying an investment property in Paddington, consider that rental yields for houses are currently 2.46% with an average median rent of $1,350 weekly. Houses have seen 0.78% growth in the past quarter, and 4.84% growth in the past 12 months.

The size of Paddington is approximately 1.6 square kilometres. It has 28 parks covering nearly 12.1% of total area. The population of Paddington in 2011 was 12,135 people. By 2016 the population was 12,889 showing a population growth of 6.2% in the area during that time. The predominant age group in Paddington is 30-39 years.

Households in Paddington are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation. In 2011, 51.1% of the homes in Paddington were owner-occupied compared with 51.5% in 2016.

In Paddington, the median property price for a unit is currently $955,000 with annual capital growth of 15.06% . There were 98 unit sales in the past 12 months. On average, units spend 35 days on market.

If you're thinking about buying an investment property in Paddington, consider that rental yields for units are currently 3.36% with an average median rent of $700 weekly. Units have seen -4.19% growth in the past quarter, and 15.06% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$3,250,000	$955,000
Quarterly growth	+0.78%	-4.19%
12-month growth	+4.84%	+15.06%
Average annual growth	+8.61%	+1.08%
Weekly median rent	$1,350	$700
Gross rental yield	2.46%	3.36%
Number of Sales (12m)	229	98
Avg. Days on Market (12m)	64	35

Jump to Market Trends

Key Demographics	2011	2016
Total population	12,135	12,889
Population change (5y)	+4.06%	+6.20%
Median household income (p/w)	$2,353	$2,524
Household income change (5y)	+26.78%	+7.27%
Median age of persons	36	36

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Paddington is $3,250,000 for houses and $955,000 for units.

The Median Growth in Paddington over the past 12 months is 4.84% for houses and 15.06% for units.

Over the past 12 months there were 229 houses sold and 98 units sold in Paddington. On average, houses spent 64 days on market and units spent 35 days on market.

In the past 12 months up to September 2024 there were 229 houses sold and 98 units sold in Paddington. On average, houses spent 64 days on market and units spent 35 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Paddington is $1,350 for houses and $700 for units.

The Rental Yield in Paddington is 2.46% for houses and 3.36% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Paddington was 12,889 in 2016, a +6.20% change compared to 2011.

The predominant age group in Paddington is 30-39 years.

The population of Paddington was 12,889 in 2016, a +6.20% change compared to 2011.

The predominant age group in Paddington is 30-39 years.

Most of the population in Paddington were born in Australia.

Most of the population in Paddington report their religion as No Religion.

Most of the population in Paddington report their income range as $182,000 .

The median household income in Paddington was $2,524 in 2016, a +7.27% change compared to 2011.

Most of the population in Paddington report their income range as between $130,000 and $182,000 .

The median household income in Paddington was $2,353 in 2011, a +26.78% change compared to 2006.

Most of the population in Paddington work as Professional.

The chart below demonstrates the various levels of education in Paddington.

Most of the population in Paddington reached a qualification level of Bachelor.

2011 2016

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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