All About Paddington, Brisbane, QLD, 4064

Paddington, a charming suburb located just two kilometers from Brisbane’s central business district, is renowned for its vibrant mix of historical charm and modern conveniences, making it a popular choice for homebuyers and investors alike. The housing market in Paddington is characterized by a combination of beautifully restored Queenslander homes and contemporary townhouses, providing a range of options for different preferences and budgets. Over recent years, the suburb has experienced a steady growth in property prices, reflective of its desirability and strong demand. This growth is driven by the suburb's proximity to the city, as well as its unique character and appeal. The tightly held nature of the real estate in Paddington means that properties, when they do come on the market, often attract significant attention and competitive bidding.

Living in Paddington offers residents a unique blend of urban convenience and village charm. The suburb is dotted with quaint cafes, boutique shops, and trendy bars along Given Terrace and Latrobe Terrace, creating a lively and inviting atmosphere. Residents enjoy the lush, green surroundings provided by its hilly landscapes, with spectacular views of the Brisbane skyline from many vantage points. The community vibe is strong, with local events and markets fostering a sense of connection and belonging among residents. Additionally, Paddington's excellent public transport links and proximity to highly regarded schools and recreational facilities make it an attractive place for both families and young professionals. Overall, Paddington offers a dynamic lifestyle with the benefits of both bustling city life and the comfort of a close-knit community.

Paddington Real Estate Market Outlook

Thinking about buying in Paddington? Now could not be a better time, with 6613 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,699,000 with prices in this suburb ranging from $288,000 to $11,079,000. The aproximate distance to the coast is 14 Km.

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. High density population in Paddington requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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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