Paddington Suburb Profile | Property Market & Development Guide | ACRES

Q: What does ACRES do?

ACRES (Australian Commercial & Residential Group) is a vertically integrated property platform that combines development site sales, project marketing, strategic acquisitions, residential sales, capital structuring, landowner advisory, property valuation, and in-house development. The business operates across South-East Queensland including Brisbane, Gold Coast, and the Sunshine Coast.

Q: How does ACRES sell development sites?

ACRES operates upstream of traditional agency. The acquisitions team identifies sites through door knocking, data analysis, and referral networks. Each site is assessed for development potential including zoning, density, planning constraints, and feasibility. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market outcomes.

Q: What is ACRES' commission structure?

ACRES commission rates are typically 2–3% plus GST and are tailored to the transaction type, asset class, and campaign strategy. Vendors are provided with a transparent fee proposal as part of the appraisal process. Contact ACRES for a tailored quote.

Q: Does ACRES offer free property valuations?

Yes. ACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across 100+ suburbs in South-East Queensland. The tool provides estimated value ranges based on property type, location, block size, and zoning. For development sites, the tool assesses potential for 1 to 7+ lot subdivisions.

Q: Who are the directors of ACRES?

ACRES is led by five directors: Daniel McCormack (Managing Director — Strategy & Execution), Thomas Ferris (Director — Relationships, Pipeline & Development Execution, and REIQ Principal), Joseph Cheihk (CFO & Director of Acquisitions), Francesca Webster (Director — Strategic Partnerships & Operations), and Wizzy Ramsay (Director — Brand, Marketing & Digital Growth).

ACRES Advisory Team

ACRES — Australian Commercial & Residential GroupACRES is a vertically integrated property platform headquartered in Brisbane, Queensland. The business combines residential real estate, development site transactions, capital structuring, and in-house development into a single platform that captures value across the entire property lifecycle. ACRES operates across South-East Queensland covering Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan, Moreton Bay, and the Redlands.Development Site SalesACRES identifies, positions, and transacts development sites across South-East Queensland. The acquisitions team proactively sources sites through door knocking, direct outreach, data analysis, and referral networks. Each site is assessed for development potential through comprehensive zoning review, highest-and-best-use analysis, and feasibility assessment covering density, planning constraints, infrastructure proximity, and development yield. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market price outcomes.Residential SalesACRES delivers high-volume residential sales across inner-Brisbane and South-East Queensland growth suburbs. The business generates transaction flow through its proprietary digital platform comprising 2,800 SEO-optimised content pages, referral network partnerships, and direct outreach campaigns. Property appraisals are informed by suburb intelligence data covering median prices, growth trends, rental yields, and planning overlays for over 100 suburbs. Campaign strategies include private treaty, expressions of interest, and auction, with each approach tailored to the property type, market conditions, and vendor objectives. Commission rates are 2 to 3 percent plus GST.Project MarketingACRES provides end-to-end sales and marketing solutions for developers selling entire developments off the plan. Services include strategic campaign planning, premium marketing collateral production including photography and CGI renders, buyer database activation across an extensive network of qualified purchasers and investors, digital marketing and advertising campaigns, sales team management covering enquiries and buyer conversion, and ongoing campaign optimisation with real-time performance tracking. Commission rates are 2 to 3 percent plus GST of the gross development value.Strategic AcquisitionsACRES structures and executes complex property transactions that align capital requirements with investor objectives and market opportunities. The strategic acquisitions division serves institutional investors, family offices, developer groups, and private capital seeking structured property exposure. Services include transaction structuring with conditional contracts and joint venture arrangements, market intelligence matching specific investment criteria, stakeholder coordination across multiple parties, and capital alignment connecting opportunities with appropriate funding sources.Property ValuationACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across over 100 suburbs in South-East Queensland. The valuation tool provides estimated value ranges based on property type, location, block size, and zoning category. For development sites, the tool assesses potential for 1 to 7 or more lot subdivisions with calibrated pricing models informed by comparable sales data and current market conditions.Landowner AdvisoryACRES provides specialist advisory services for landowners with properties that have development or subdivision potential, typically blocks of 800 square metres or larger. Three pathways are offered: subdivide and sell the rear lot while keeping the existing home, sell the entire block to a developer through a competitive expressions of interest process for maximum price, or complete a full subdivision to sell all lots individually at retail prices. ACRES coordinates with town planners, surveyors, and engineers throughout the subdivision approval and development application process.Contact ACRESPhone: 07 3096 0542. Email: info@acres.au. Website: acres.au. ACRES is led by Daniel McCormack (Managing Director), Thomas Ferris (Director of Developments and REIQ Principal), Joseph Cheihk (CFO and Director of Acquisitions), Francesca Webster (Director of Strategic Partnerships and Operations), and Wizzy Ramsay (Director of Brand, Marketing and Digital Growth).

Suburb Profile4064

Paddington

Brisbane City Council · 3km west of Brisbane CBD

Median House

$2,225,000

Median Unit

$957,500

Population

9,400

Avg Land Size

450m²

From CBD

3km west

Property Market Insights

Key market indicators and historical price trends for Paddington

Annual Growth (Houses)

+13.1%

Annual Growth (Units)

+9.1%

Rental Yield (Houses)

2.7%

Rental Yield (Units)

4.3%

Avg. Days on Market

Vacancy Rate

0.6%

5-Year House Growth

+93%

5-Year Unit Growth

+82%

Market Demand

Very High

5-Year Median Price Trend

Houses
Units

Sources: CoreLogic, PropTrack, realestate.com.au. Prices reflect rolling 12-month median. Past performance is not indicative of future results.

Live market snapshot

Recent Paddington sales

Refreshed 27 May 2026

Live aggregate from 20 recorded sales in the last 12 months. Source: Australian Realty data hub via realestate.com.au.

Median sold

$1.92M

Average sold

$1.95M

Lowest

$0.91M

Highest

$3.42M

$1.34MSold May 2026

147 Beck Street, Paddington QLD 4064

2 bed· 1 bath· 2 carhouse

View on listing portal →

$0.91MSold May 2026

2/6 Bass Street, Paddington QLD 4064

2 bed· 1 bath· 1 carunit

View on listing portal →

$1.42MSold May 2026

94 Lower Cairns Terrace, Paddington QLD 4064

3 bed· 1 bath· 2 carhouse

View on listing portal →

Contact agentSold May 2026

32 Imperial Terrace, Paddington QLD 4064

5 bed· 2 bath· 2 carhouse

View on listing portal →

$2.92MSold May 2026

41 Kennedy Terrace, Paddington QLD 4064

5 bed· 3 bath· 3 carhouse

View on listing portal →

$1.57MSold May 2026

3/5 View Street, Paddington QLD 4064

3 bed· 2 bath· 2 cartownhouse

View on listing portal →

Personal estimate

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About Paddington

Paddington is one of Brisbane's most iconic and tightly-held suburbs, famous for its Queenslander homes cascading down the hillside and the vibrant Given Terrace and Latrobe Terrace cafe strips. The suburb's elevated position provides stunning city skyline views, and its fiercely protected character creates a premium that has made Paddington consistently one of Brisbane's highest-performing property markets.

Development Potential

Limited. Heritage and character residential overlays heavily protect the suburb's iconic streetscapes. Development opportunity is primarily limited to renovation and extension of existing homes, with occasional medium-density sites on main road frontages.

Key Zoning: Character Residential, Low Density Residential, Traditional Building Character

Growth Drivers

Heritage character creating scarcity premium
Tightly-held suburb with low turnover
Prestigious postcode demand
Renovation and extension value-add
Inner-city lifestyle amenity

Thinking of Selling?

ACRES provides complimentary property assessments for Paddington owners. Discover your property's true development site value.

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Living in Paddington

Infrastructure

Given Terrace and Latrobe Terrace retail strips
Rosalie Village nearby
Paddington Antiques Centre
Suncorp Stadium walking distance
Lang Park precinct

Transport

Bus routes along Given/Latrobe Terrace
Walking distance to Milton train station
Cycling to CBD
Close to Inner City Bypass
Multiple bus connections to CBD

Lifestyle

Iconic Queenslander streetscapes
Given Terrace cafes and boutiques
Weekend antique shopping
City skyline views
Community village atmosphere

Paddington Location

Paddington, 4064 · Brisbane City Council

What's Nearby in Paddington

Schools, parks, transport, shopping and education within Paddington and surrounds

Schools

Petrie Terrace State School
Rainworth State School
Milton State School
Stuartholme School

Parks & Recreation

Given Terrace Park
Bishop Park
Rosalie Village Green
Lang Park (Suncorp Stadium Precinct)

Shopping

Paddington Antique Centre
Latrobe Terrace Shops
Given Terrace Dining Precinct
Rosalie Village

Transport

Milton Station
Auchenflower Station
Suncorp Stadium Bus Hub

Paddington Articles

10 expert guides covering development, zoning, and market insights

View all articles

Is Your Paddington Property a Development Site? Signs to Look For

Paddington is attracting growing developer interest. Here's how to tell if your property has development potential.

What Developers Are Paying for Land in Paddington

Current pricing benchmarks for development sites in Paddington and the factors driving land values.

Paddington Zoning Guide: What You Can Build on Your Block

A plain-English breakdown of Paddington's zoning and what it means for your property's development value.

How Infrastructure Is Driving Paddington Property Values

Key infrastructure and amenity driving development demand and property values in Paddington.

Selling Your Paddington Home to a Developer: A Complete Guide

Step-by-step process for selling your Paddington property as a development site for maximum value.

Paddington Development Hotspots: Where Developers Want to Buy

The specific streets and pockets within Paddington attracting the strongest developer demand.

View All 10 Articles

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Own Property in Paddington?

Properties in Paddington with development potential are selling for 30–100% above standard residential value. Find out if yours qualifies — no cost, no obligation.

17 property owners in Paddington requested assessments this month

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Median price data sourced from realestate.com.au (April 2025 – March 2026). Figures are indicative and based on recorded sales. Consult a licensed valuer for property-specific advice.