Paddington
Type of Property: Apartment
Reason of Purchase: Primary Residence
Address: Flinton St, Paddington, NSW, 2021
Property Journey:
The client presented a specific brief and criteria to securing an apartment in Paddington. With only a handful of options in the area, it was to be a tight search.
Paddington is a prominent gateway to Sydney’s fine/casual dining, public house & wine gardens, galleries & museums, fashion retail icons, grocers & markets all in close proximity for a Sydney CBD commute.
As a point of introduction to Paddington, the suburb size is approximately 2 square kilometres. It has 3 parks covering nearly 4% of total area.
The population of Paddington in 2006 was 12,041 people. By 2011 the population was 12,131 showing a stable population in the area during that time. The predominant age group in Paddington is 25-34 years.
Households in Paddington are primarily couples with children and are likely to be repaying between over $4000 per month on mortgage repayments. In general, people in Paddington work in a Professional occupation. In 2006, 49.5% of the homes in Paddington were owner-occupied compared with 50.8% in 2011.
Source: RP Data, January 2015.