All About Paddington, Woollahra, NSW, 2021

Paddington, located in the Woollahra municipality of New South Wales, is renowned for its charming Victorian terraces and vibrant, arty atmosphere. The housing market in Paddington is highly competitive, reflecting its desirability and the unique character of the suburb. Homes here are predominantly elegant terraces that reflect historical charm, coupled with modern conversions that enhance liveability while preserving aesthetic appeal. Prices are notably high due to the area's prestige and proximity to Sydney’s central business district, making it particularly attractive to professionals and families seeking a blend of convenience and lifestyle. The strong demand in Paddington is supported by its heritage appeal, its unique combination of old-world charm, and the trendy, bustling village vibe, which continue to maintain strong property values.

Living in Paddington offers a dynamic mix of urban convenience and cultural vitality. The suburb is dotted with bustling cafes, boutique shopping options, and art galleries that contribute to its reputation as a cultural hub within Sydney. Oxford Street, a popular thoroughfare, forms the backbone of Paddington’s social life with an array of eateries, bars, and storefronts. Residents enjoy a strong sense of community, with local markets and regular events fostering close-knit connections among locals. Furthermore, the area's well-maintained parks and proximity to Centennial Park offer a lush escape for outdoor enthusiasts. Despite its energetic vibe, Paddington retains a relaxed, village-like ambience that appeals to both a younger crowd and more established residents seeking a peaceful yet engaging lifestyle.

Paddington Real Estate Market Outlook

Thinking about buying in Paddington? Now could not be a better time, with 9081 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,037,000 with prices in this suburb ranging from $27,000 to $26,549,000. Paddington is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Paddington driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Paddington ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Paddington classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Paddington necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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