Paddington is the place to be for those wanting a charming suburban lifestyle on the edge of the city. It is one of Brisbane’s oldest suburbs, and it has been given a lot of love. Now, investors, renovators and families have driven a surge in property prices in Paddington. If you’re a Brisbane investor, get in on the suburb’s appeal to the growing millennial market and buy in Paddington now. And to ensure that your dream property is not full of hidden nightmares, don’t forget to book your pre-purchase building inspection with me.
Andrew’s Expert Advice on Paddington
I’ve inspected more than 100 homes in this area and I can tell you that it is easy to miss where renovators have cut corners. Paddington has a range of house styles, so I make sure to look deeply into the unique features of each home, like the stumps on Queenslanders. Homes in historical suburbs like Paddington can be a great investment, but it can seriously break the bank if you aren’t fully informed by a building and inspection expert. Ask me all your Paddington-related questions!
Why buy in Paddington?
An inner-city suburb at the foot of Mount Coot-tha, Paddington is a mere 10-minute drive from Brisbane’s CBD. The area is hilly with many peaks and gullies, and for some, offers sweeping views of the city skyline. With a strong sense of community and a village-like appeal, it’s easy to see why Paddington was voted Brisbane’s fourth most liveable suburb in 2023 by mortgage broker Hunter Galloway.
In recent years, Paddington has undergone urban renewal with many trendy cafes, boutiques, and galleries adding to the area’s appeal. This rich cultural and culinary scene runs along Latrobe and Given Terraces, the main thoroughfares of Paddington. For many properties, this lively area is within walking distance. Situated only 3km from the CBD, you can also walk to Brisbane city’s many cultural and culinary delights. Residents also enjoy easy access to Suncorp Stadium, and QUT’s Garden’s Point campus.
Petrie Terrace State School is Paddington’s local primary school, and St Finbarr’s is a Catholic primary school in nearby Ashgrove. Paddington also offers proximity to Kelvin Grove State College, and independent schools Brisbane Grammar, Girl’s Grammar, St. Joseph’s College (Terrace), Marist College, and Stuartholme.
In the 2021 census, Paddington’s population was 9,063. The average age of residents was 34, four years younger than the national and Queensland average. Paddington also has double the national and Queensland average of residents who are tertiary educated.
Paddington home styles
Paddington is known for its character homes and tree-lined streets, but it also offers a variety of home styles ranging from one-bedroom units to architecturally designed residences exuding elegance and luxury. Old Queenslanders can be found throughout Paddington, beautifully restored to reflect the needs of a modern lifestyle oasis.
The median price for Paddington homes is $1.4 million and for units, $589,000. This reflects a median price increase over the past 12 months of 26% for homes and 17% for units.
Book a Paddington Building Inspector
Paddington is the top-ranking suburb in Queensland for property value increases and capital gains increases. If you find a property – either as an investment or to live in – move quickly to secure a Paddington building inspection so you don’t miss out!