Paddington is a well-established suburb in New South Wales within the Woollahra local government area (postcode 2021). With a population of 12,701, the suburb has an established demographic with a median age of 38. Households earn a median income of $163K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Paddington is $2.9 million, having dropped significantly 20.8% over the past year. Units have a median price of $936,000 (-10.9% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $4,000.
Paddington is served by 3 schools, including 3 primary. The average ICSEA score is 1166, which is well above the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Woollahra LGA is low at 1,923 incidents per 100,000 population.
From an investment perspective, Paddington offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.8x is considered stretched. House prices have moved -20.8% year-on-year.
Paddington is a well-established suburb in New South Wales within the Woollahra local government area (postcode 2021). With a population of 12,701, the suburb has an established demographic with a median age of 38. Households earn a median income of $163K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Paddington is $2.9 million, having dropped significantly 20.8% over the past year. Units have a median price of $936,000 (-10.9% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $4,000.
Paddington is served by 3 schools, including 3 primary. The average ICSEA score is 1166, which is well above the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Woollahra LGA is low at 1,923 incidents per 100,000 population.
From an investment perspective, Paddington offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.8x is considered stretched. House prices have moved -20.8% year-on-year.