Paddington is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4064). With a population of 9,063, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $144K per year, with an average household size of 2.5 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 $1.9 million, having surged 11.1% over the past year. Units have a median price of $603,000 (+9.6% YoY). The current median weekly rent is $790. This gives a gross rental yield of approximately 2.2%. 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 6,244 incidents per 100,000 population.
From an investment perspective, Paddington offers a gross rental yield of 2.2%, 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.
Paddington is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4064). With a population of 9,063, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $144K per year, with an average household size of 2.5 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 $1.9 million, having surged 11.1% over the past year. Units have a median price of $603,000 (+9.6% YoY). The current median weekly rent is $790. This gives a gross rental yield of approximately 2.2%. 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 6,244 incidents per 100,000 population.
From an investment perspective, Paddington offers a gross rental yield of 2.2%, 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.