Suburb Profile for Paddington
Hi, I’m Sam Price, Director and Lead Brisbane Buyer’s Agent from Templeton Property.
Paddington is an inner city suburb of Brisbane where we are regularly purchasing family homes and investment properties for our clients. The aim of this page is to provide an overview of the key factors for future buyers to consider, before buying a property in beautiful Paddington.
Paddington QLD 4064
Paddington shares its borders with Red Hill, Bardon, Petrie Terrace, Milton and Auchenflower.
Paddington is located 3 kilometres northwest of Brisbane City and is a trendy, family friendly residential suburb, renowned for its restaurants and café culture, quality schools and proximity to the Brisbane River and Central Business District. It’s characterised by its undulating terrain and is nested at the foothills of Mount Coot-tha. Paddington is brimming with character homes that typify the traditional timber and tin Queenslander of the late 1800’s to early 1900’s. With its strong community spirit, character and history, it’s a very popular suburb to live.
Are you considering purchasing a home or investment property in Paddington in Brisbane? As a specialist Paddington Buyer’s Agents, we would be happy to chat to you about the suburb, the streets, and even particular houses. Our decades of working with the local agents guarantees we are the first to know about off market opportunities and coming soon properties. Personally I have lived and invested in Paddington and would love nothing more than to help you secure a property in this wonderful suburb.
Characteristic Features
Paddington is home to the quintessential Brisbane timber homes called Queenslanders, as well as their smaller cousin, the Workers Cottage. Both were very popular in the late 1800’s to early 1900’s. Being built of timber and tin, these homes lend themselves to being raised and renovated, which has been extremely popular of recent decades.
Paddington is home to an eclectic mix of residents from university students, couples, growing families and retirees. As a result, turnover of homes is relatively low and the demand for housing is high, which has seen Paddington property prices continue to increase for many decades, through both the ups and the downs.
This has made buying a property in Paddington to live or invest a fabulous choice. Classic Queenslander homes in Paddington Brisbane. The suburb is renowned for these beautiful timber and tin character homes which are often being lovingly restored and renovated. There are pockets of units and town house developments scattered throughout the suburb, which infuses diversity into the suburb.
Given Paddington is located in a Demolition Control Precinct, the suburb is protected from excessive new developments, apartments and town house complexes. This has helped keep the ratio of houses to units in check and maintained the character of the suburb.
- Fernberg – the Governor of Queensland’s residence, was originally constructed by a well to do merchant and member of parliament Mr. J.C. Heussler in 1865. Due to the high cost to maintain the property, Mr. Heussler sold the home in 1872 and following another stint of private ownership, was on sold to the Queensland Government in 1910 and became the new Government House. The first Governor to live in Fernberg was Sir William MacGregor.
- In 1898 a tramline was laid down, linking Bardon to the city. This led to a property boom that saw Paddington come of age.
- The Petrie Terrace State School was established in 1868.
- St. Brigid’s Catholic Church was originally built in 1879, though was demolished in 1913 to allow the current church to be built on the same site.
- During the 1860’s there was a rumour that gold had been found in the Paddington area and in search of this treasure, two shafts were sunk, one of which was in the Paddington Cemetery. Unfortunately, no gold was ever found.
- The Given Terrace Post Office was opened in 1895.
- The Paddington Tram depot was constructed in 1915.
Top 3 Searches for Due Diligence
1947 Aerial Photography
Searching council records to uncover the building and any renovaions age, is crucial for identifying if your property, especially pre-war homes, falls under demolition control regulations. This knowledge is key to understanding both the property’s heritage value and any restrictions on future development, ensuring compliance and preserving potential value.
Council Building & Renovation
Reviewing council records for building and renovation approvals reveals the property’s compliance with local regulations and any modifications made. It’s essential for assessing the quality, legality, and future potential of your property.
Flood Zone Check
Conducting a flood zone check is paramount in evaluating the environmental risk factors associated with the property, especially given that a large area of Paddington is flood affected. Understanding flood risks ensures you’re making an informed decision, safeguarding your investment against potential natural disasters.
Education
To find out how to investigate school catchments in Paddington and Brisbane, please refer to our Blog located here: How to investigate school catchments in Brisbane?
Pre-Schools and Day Care
- Paddington residents are spoilt for choice and options include: Chatterbox Early Learning and Child Care; Kindy Patch; C&K Community Kindergarten and Pre-School etc.
Schools
- Petrie Terrace State School
Co-Ed Public Primary School
40 Moreton Street, Paddington, 4064, (07) 3259 9333 - Kelvin Grove State College
Co-Ed Public Secondary School
Estrange Terrace, Kelvin Grove 4059, (07) 3552 73333 - Kelvin Grove State College
Co-Ed Public Primary School
Bayswater Street, Milton, 4064, (07) 3514 6333 - Ithaca State School
Co-Ed Public Primary School
Lugg Street, Milton, (07) 3514 9333
Shops and Dining
Many residents of Paddington have the luxury of being able to walk to their local neighbourhood shops and for their weekly grocery shop, the suburb is well serviced by supermarket options. The main shopping complex at Paddington is located at the intersections of Warmington Street and Latrobe Terrace. This complex provides a Woolworths as well as a host of smaller stores including a bakery, butcher, bottle shop, post office, medical rooms, pharmacy, cafes and restaurants.
Buying a property in Paddington and in walking distance of Rosalie Village is a popular request by clients of Templeton Property. Rosalie Village is a popular neighbourhood shopping area and provides bakeries; café’s; numerous bottle shops and wine bar; restaurants; hair dressers; chemist etc.Picture of shops in Rosalie Village in Paddington, Brisbane.
The Broncos League Club is located in walking distance of residents located at the northern end of Paddington in Red Hill and Paddington is also home to Suncorp Stadium, which sees the area surrounding the stadium come alive during the various sporting seasons and touring concerts.
Popular cafes include: The Java Lounge; Chapter IV; Blackout; Sassafras; Merlo; Lil Gypsy; Anouk; Guava Espresso; and the list goes on.
Health
Paddington has a wide range of medical practitioners ranging from the various doctors’ surgeries, dentists, physiotherapists, as well as specialists.
A choice of gym’s and fitness options are catered for in Paddington including Anytime Fitness; F45; FITA U Performance Centre; PCYC; CrossFit etc.
Employment
Although a large number of local residents commute to the city daily, the suburb is home to quite a number of small businesses that either operate from a local shop front or directly from home. Serviced offices in nearly Milton caters for small businesses and sole practitioners wanting a local base from which to work.
Transport
One of the main positives of buying a property in Paddington is its location 3 kilometres to the Brisbane Central Business District, making the city commute from Paddington very manageable, with many people electing to regularly walk to the city.
Brisbane City Council bus services provide regular transport connections along Latrobe and Given Terrace, direct to the city and surrounding suburbs. The Great Circle Bus Line also links the major shopping centres to Paddington and the City Glider service provides ease of access to the city as well as Suncorp Stadium, the Gabba and South Bank etc.
Whilst Paddington does not have a train station, the nearest one is located nearby in Milton. City Cat ferry services are also available from Milton and provide a delightful and quick mode of transport into the city.
Parks
Paddington has plenty of parks and outdoor areas, promoting a healthy outdoor lifestyle for its residentsPicture of Frey Park Paddington, Brisbane on a weekend.
Frew Park is a well-known and popular park for children’s birthday parties and barbeques. For the older kids, there is a an area for basketball and an extensive adventure play area. Frew Park is also home to the Roy Emerson Tennis Centre.
Neal Macrossan Playground and Park is a popular dog park located off Caxton Street, with access from Moreton and Caroline Streets.
Noise
Paddington is not located beneath any major flight paths therefore plane noise is not an issue.
The busiest roads in the suburb are: Given Terrace; Latrobe Terrace, Enoggera Terrace; and Baroona Road.
Flooding
Pockets of Paddington are subject to flooding and many houses were inundated in the most recent flooding. To find out how to undertake a flood search in Paddington, please refer to our Blog located here: How to check if a property is flood affected in Brisbane?
Demographics
Credit 2021 Census
- Population of Paddington – Milton: 12,197
- Male: 49.4%
- Female: 50.6%
- Property owned outright: 20.9%
- Median Age: 33
- Average of children per family: 1.8
- Average # of people per household: 2.3
- Property owned with mortgage: 26.6%
- Number of families: 2,952
- Number of private dwellings: 5,686
- Median weekly household income: $2,426
- Property rented: 50.6%
House Insights for Paddington
- The median house price in Paddington: $1,850,000
- Price growth for houses in Paddington over the last 12 months: 7.7%
- The number of houses sold in Paddington in the last 12 months: 89
- Median time on market for a house to sell in Paddington: 60 days
Unit Insights for Paddington
- The median unit price in Paddington: $675,000
- Price growth for units in Paddington over the last 12 months: 7.1%
- The number of units sold in Paddington in the last 12 months: 63
- Median time on market for a unit to sell in Paddington: 36 days
Rental returns for Houses in Paddington
- Average gross rental return for a house in Paddington: 2.7%
- Median rental price for houses in Paddington: $825per week
- Rental growth for houses in Paddington over the last 12 months: 8.9%
- Median time on market for a house to lease in Paddington: 20 days
Rental returns for Units in Paddington
- Average gross rental return for a unit in Paddington: 4.8%
- Median rental price for units in Paddington: $550per week
- Rental growth for units in Paddington over the last 12 months: 17%
- Median time it takes on market for a unit to lease in Paddington: 15 days
Considering buying a property in Paddington?
Here are 3 sales of properties in Paddington to give you an idea of values:
86 Charlotte Street, Paddington QLD 4064
4 bedrooms, 1 bathroom cottage on 450m2, Detached house (low end). Sold in May 2024 for $1,550,000.
6/112 Fernberg Road, Paddington QLD 4064
2 bedrooms, 2 bathrooms single level unit, sold in March 2024 for $765,000.
15 Hall Street, Paddington QLD 4064
4 bedrooms, 3 bathrooms, 2 carl on 405m2, detached house (high end). Sold in March 2024 $2,700,000.
Summary
Paddington is a charming, leafy and family friendly suburb that provides something special to its residents and we hope this blog has been helpful to you if you are looking at buying a property in Paddington. If we can assist you further and you would like to chat to a Paddington Buyer’s Agent who has personally lived and invested in Paddington, please don’t hesitate to contact us at your convenience.
Do you have a question you would like answered?
Feel free to contact us at your convenience: admin@templetonproperty.com.au | (07) 3368 1988
About Sam Price
Sam Price, Director & Lead Buyer’s Agent – Templeton Property Brisbane.
Sam Price is Director and lead Buyer’s Agent at Templeton Property. He has been helping client’s purchase their ideal home and investment properties for over 20 years.
He is a Registered Property Valuer and his qualifications include a Bachelor of Business (Property Studies), Graduate Diploma in Urban and Regional Planning and a Masters is Professional Accounting. Sam is married and has 2 school aged girls who keep his life very exciting.
