Real Estate Paddington, QLD, 4064 Brisbane
Thinking about buying in Paddington? Now could not be a better time, with a whopping 6591 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $978,000 with prices in this suburb ranging from $281,000 to $3,078,000.
Distance to the coast is 14 Km.Paddington Real Estate Market Outlook
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.
About
Household makeup
| Median Weekly Rent | $489.47 |
| Median Monthly Mortgage | $2697.35 |
| Median Persons Per Bedroom | 0.80 |
| Average Household Size | 2.59 |
| Average Age | 35.00 |
| Average Income | $1619.00 |
| Average Cars Per Dwelling | 2.51 |
| Average Properties Within 50M | 29.00 |
Typical Property Prices
| 1 Bed | $431,714 |
| 2 Bed | $1,051,100 |
| 3 Bed | $1,336,389 |
| 4 Bed | $2,573,333 |
| 5 Bed | $2,496,667 |
| 6 Bed + | $1,605,000 |
Housing Stock
Houses for sale Paddington
Local Schools
Glenmore Road Public School
Paddington Public School
St Francis of Assisi Regional Catholic Primary School
Petrie Terrace State School
(While the above schools are located with the suburb of Paddington there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Paddington weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 5.8 | 21.6 | 30.4 | 51.8 | 87.6 | 2.2 | 24.8 |
| Feb | 7.2 | 21.7 | 30.1 | 52.6 | 87.5 | 1.9 | 21.2 |
| Mar | 5.6 | 20.6 | 29.5 | 52.8 | 90.3 | 1.6 | 17.6 |
| Apr | 2.8 | 17.6 | 27.3 | 49.7 | 89.6 | 1.5 | 16.1 |
| May | 2.2 | 13.8 | 24.0 | 46.9 | 88.2 | 1.4 | 13.9 |
| Jun | 2.4 | 12.4 | 22.2 | 49.1 | 88.2 | 1.3 | 11.9 |
| Jul | 0.8 | 10.7 | 22.4 | 41.2 | 87.4 | 1.3 | 13.4 |
| Aug | 0.3 | 11.1 | 24.6 | 32.3 | 85.7 | 1.5 | 17 |
| Sept | 0.6 | 14.0 | 26.1 | 37.4 | 86.1 | 1.7 | 20.2 |
| Oct | 2.8 | 16.1 | 27.1 | 42.2 | 86.1 | 1.8 | 22.9 |
| Nov | 2.5 | 19.1 | 28.9 | 45.9 | 85.5 | 1.9 | 25.5 |
| Dec | 5.5 | 21.1 | 29.9 | 50.0 | 85.7 | 2.0 | 23.0 |
source: Australian Government Bureau of Meteorology
Internet Speed
Fibre to the Basement (vectored or non-vectored)
Fibre to the Curb
Fibre to the Node
Fibre to the Premises
Hybrid Fibre Coaxial (HFC)
Satellite
Nearby Suburbs
Public Transport
General Points of Interest
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!