Property management in Paddington
Your suburb profile by Running Property
One of Brisbane’s oldest and most loved suburbs, Paddington (4064) has a unique and unmistakeable style just three kilometres west of the CBD. Home to nearly 8,000 people, Paddington features an eclectic mix of housing that includes large heritage homes, share houses, apartments, and renovated workers’ cottages.
With its wide array of cafes, restaurants, boutiques, and specialty shops, Paddington is a noted destination for both ‘foodies’ and ‘shopaholics’ from across Brisbane. There are many entertainment options close to Paddington, as it’s bordered by Petrie Terrace to the east, attractive Red Hill to the north, and the epicurean haven of Rosalie just a couple of minutes’ drive away.
The Queensland Governor’s residence, Government House, was constructed on Paddington’s Fernberg Road in 1911.
Data from realestate.com.au shows that the median Paddington house price was $952K in 2016, with the median unit price being $565K. For investment property owners, Paddington offers a median rent for houses of $595 per week, and the median rent for units $395 per week. Unsurprisingly, there is very high rental demand for both houses and units in the suburb.
For expert advice on attracting the best quality tenants for your Paddington investment property, talk to the expert Running Property team. Our property managers have the local knowledge that can make all the difference to your rental return.
If you’d like a rental appraisal for your Paddington investment property, fill out the contact form here or call Running Property on 07 3392 1544 today.