Located in Queensland within the Brisbane local government area, Paddington is a medium-sized suburb (postcode 4064). The area has roughly 9,063 residents and a blend of families and working-age professionals, with a median age of 34. Households earn a median income of $144K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Paddington is $1.9 million, having jumped by 11.1% over the past year. Units have a median price of $603,000 (+9.6% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,708.
Paddington is served by 1 school, including 1 primary. The average ICSEA score is 1130, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 2 tram stops, 44 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, Paddington shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are above the state median ($1.9M/$1.1M), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +11.1% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.