Paddington

sydney

The suburb of Paddington is located only 2 kilometres to the west of Brisbane’s Central Business District.

The size of Paddington, a hilly suburb, is approximately 2 square kilometres and the suburb has one park.

Paddington is one of the true outperforming suburbs of Brisbane’s property market with strong capital growth seen in detached housing stock continuing straight through the middle of the financial crisis.

The population of Paddington in 2006 was 7618 people and by 2011 the population was 7990 showing a population growth of 4 percent in the area during that time.

Households in Paddington are primarily couples with children and being an upmarket suburb households are likely to be repaying $4000 or above per month on mortgage repayments. Typically inhabitants of Paddington work in professional occupations.

In 2006, 51.8 percent of the homes in Paddington were owner-occupied compared with 51.1 percent in 2011.

In terms of what the suburb is located near to…it would probably be easier to list what the suburb does not have access to. If nightlife is your thing, then Caxton Street provides this in droves. University campuses are nearby.

For sport take a wander to the magnificent Suncorp Stadium. Shopping is close at hand, and so is almost everything else.

Currently the median sales price of houses in Paddington, being the preferred choice of property type in the suburb, is at around $850,000.

The suburb is home to many classic Queenslander houses with the traditional corrugated roof, albeit on relatively small blocks in comparison to other examples in the sunshine state, a property type which retains inherent scarcity in a historic suburb such as Paddington.