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Paddington, NSW 2021

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Paddington, NSW 2021 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Paddington, NSW 2021”

  1. The total adult population (15 years or older) of Paddington 2021 NSW is 11,034, with a median age of 38. Of those, 35.33% are married, 10.67% are divorced or separated, 50.99% are single and 3.00% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $18,744. The median monthly mortgage repayment for households in this suburb is $4,000 which is 21.34% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Paddington lies in the heart of New South Wales and is home to an estimated 7,818 households. As we settle into the third quarter of 2023, property in Paddington bears an eyebrow-raising typical price tag of $2,975,572 AUD. It does however command a respectable median weekly rent of $1,393, resulting in an indicative yield of approximately 2.43%.

    The socio-economic profile of Paddington is sturdy, demonstrated by an impressive IRSAD score of 1178 out of 1217. This reflects the relatively high income levels, significant access to economic resources and prevalence of skilled professions in the area. However, it’s worth noting, the market is characterised by a high renter to owner ratio hovering around some 45%. Despite this, the units to houses ratio remains favourable at 30%, which is likely beneficial in retaining the suburb’s charm and thus its appeal to professional tenants.

    The property market in Paddington requires a deeper pocket, as evidenced by an affordability index of 62 years. Nevertheless, property investors drawn in by the suburb’s socio-economic profile may find solace in its market resistivity. Statistics highlight a low stock on market Percentage of 0.14% and an inventory level trending at a mere 0.67 months, suggesting a limited supply of houses on the market. This is further backed by a low building approvals Ratio for houses, set at only 0.02%, signifying a subdued influx of new properties entering the market.

    In terms of demand, houses in Paddington seem to be highly sought after, as revealed by the average ‘Days on Market’ sitting at a swift 16 days. Although the vacancy rate isn’t at an ideal low (hovering around 2.58% for both houses and units), it’s not discouraging either. Coupled with a robust buy search index of 5 for houses, Paddington’s demand indicators present a sweet spot for potential property investors open to navigating its competitive landscape.

    Considering all factors, Paddington’s property market manifests a mix of signs, with the upside being its strong socio-economic standing and low supply metrics. Proper and meticulous research is paramount for property investors looking to delve into and flourish in markets as dynamic as Paddington. Furthermore, tools such as the RCS (Relative Composite Score) by HtAG Analytics can be valuable in automating such research, providing an extensive insight through analysis of over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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