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
27
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.
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.
Properties in Paddington with development potential are selling for 30–100% above standard residential value. Find out if yours qualifies — no cost, no obligation.
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17 property owners in Paddington requested assessments this month
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.