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Paddington Suburb Insights
VICLocation Information
Suburb Name
Paddington, VIC
Distance from CBD
22.6 kmDemographics
Population
12,911
Median Income
$73,944
Area Information
Area
1.63 km²
Population Density
7921 people/km²
Property Market
Median Price
$962,869
Annual Growth
+11%Property Price Trend Analysis
Current Median Price
$962,869
Annual Growth
+11%
Quarterly Growth
+2.7%
Price Trends - Last 6 Months
2024-01
$421,299
+3.7%2024-02
$1,017,462
+8.3%2024-03
$1,055,400
+8.6%2024-04
$833,263
+10.1%2024-05
$642,128
+7.8%2024-06
$1,158,782
+13%Property Type Price Analysis
House
Median Price
$1,177,467
Growth Rate
+5.7%Available Listings
364 properties
Apartment
Median Price
$649,522
Growth Rate
+11.3%Available Listings
206 properties
Townhouse
Median Price
$713,939
Growth Rate
+8.2%Available Listings
292 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy