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 outperformers of Brisbane’s property market with the strong capital growth seen in detached housing stock continuing straight through the middle of the financial crisis and beyond.
The population of Paddington in 2006 was 7600 people and by the 2016 Census the population was 8500 showing a steady population growth in the locality 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, the inhabitants of Paddington work in professional occupations, and about half of the homes in Paddington are owner-occupied.
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 to watch the State of Origin football or Brisbane Broncos in action.
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 $1 million. There are some attractive medium-density options too.
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 style of home which will always retain inherent scarcity in a historic suburb such as Paddington.
In short, Paddington is a great area to pick up a character home.