This property is Off Market
Residz Estimate $1,275,000
2 bedrooms 1 bathrooms
With an average age of 45, households expect an average monthly mortgage payment of $4,240 or a weekly rent payment of $800. The average family earns a weekly income of $4,907 with a typical household size of 1.9 and a 95.2% employment rate.
Consistent high demand relative to supply is a key feature in Paddington driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Paddington ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Paddington classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Paddington necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 2%)
Paddington - Moore Park a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
85 / 100
31 / 100
Industry
59 / 100
22 / 100
Population
31 / 100
19 / 100
House Prices
94 / 100
60 / 100
Jobs
59 / 100
29 / 100
Incidents Trend State Average
Disorderly conduct
Against justice procedures
Theft
Assault
Sexual offences
Intimidation, stalking and harassment
Other offences
Drug offences
Homicide
Prohibited and regulated weapons offences
Malicious damage to property
Robbery
Paddington Public School
Paddington, NSW, 2021 State K-6
SCEGGS Darlinghurst
Darlinghurst, NSW, 2010 Independent K-12
Sydney Distance Education Primary School
Surry Hills, NSW, 2010 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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