Suburb Profile

Paddington Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Paddington, Brisbane? As a Paddington Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Paddington property purchase!

Paddington Suburb Profile

Paddington is an inner-city suburb of Brisbane, located 2km west of the CBD. Paddington is best known for its trendy cafe culture, leafy undulating landscape and its beautiful timber character homes.

The suburbs of Red Hill, Bardon, Milton, and Auchenflower border Paddington.

The population of Paddington in 2011 was around 8,000 and it continues to grow. Just over half (52%) of the households in Paddington are owner occupied. Household in Paddington consistent predominantly of professional couples with children.

Paddington’s main shopping and cafe precincts are located around Latrobe and Given Terraces, and also around Nash street in Rosalie Village.

Several convenient bus services connect Paddington with the Brisbane CBD via Latrobe Terrace, and also via Enoggera Terrace to Musgrave Road.

Petrie Terrace State School is the only school in Paddington itself. Adjacent suburbs to Paddington contain some of the most prestigious private schools in Brisbane including Brisbane Grammar School, Brisbane Girls Grammar School and St Joseph’s College, Gregory Terrace.

There are no major parks in the area.

Most residents commute to the Brisbane CBD for work.

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Paddington Properties

Streets closest to the Latrobe Terrance cafe precinct are amongst the most desirable areas in Paddington. Several streets enjoy amazing city views (and command massive sale prices to match!).

Traffic noise can be an issue for properties close to major thoroughfares including Jubilee Terrace, Latrobe Terrace, and Given Terrace. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially around Rosalie Village) are susceptible to river flooding which resulted in significant damage to properties in the 2011 flood event.

Flood Map Paddington Brisbane

Housing type and typical block size

The vast majority (66%) of properties in Paddington are free standing houses.

The suburb is particularly well known for its Colonial and Queenslander style houses and smaller workers cottages. These timber character homes were built in the early 1900s, and are characterised by wrap-around bull-nosed verandas, wide central hallways, VJ walls; ornate timber fretwork and pressed metal ceilings. A typical block size for this type of home is 400-600m2.

What can my money buy in Paddington?

Paddington House Prices

The median house price in Paddington is $1,845,000 which is well above Brisbane’s median.

The median house price in Paddington would typically buy a 3-bedroom, 2-bathroom house on a 450m2 block. For example: 26 Charlotte Street Paddington, sold for $1,850,000 in Dec 2022 (see photos below).

Buying a house in Paddington

Paddington Unit Prices

The median unit price in Paddington is: $620,500.

This amount would typically buy a 2-bedroom, 2-bathroom, 2-garage unit in an brick style complex. For example: 6/215 Baroona Road Paddington, sold for $650,000 on October 2022 (see photos below)

Buying an Investment property in Paddington

How has the Paddington property market been performing?

In the last 5 years the median house price has increased by a huge 84.8%. Over the last 10 years, house prices have increased by 9.6% per annum.

Units in Paddington have seen more modest price growth. In the last 5 years the median price of units has increased by 18.1%. On average, over the last 10 years unit prices have increased by 3.3% per annum.

Supply and demand characteristics for Paddington


  • Average Days on Market: Houses 34 days.  Units:  27 days.
  • On average houses are selling 7% above their list price. Units typically sell 6% above their list price.
  • Paddington’s auction clearance rates are 44% for houses.
  • There is a shortage of houses and units currently listed for sale (1.72% and 0.31% respectively).
  • Rental vacancy rates are extremely tight: 1.1% for houses, compared to units 0.27%.

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