PADDINGTON property report Q3 & Q4 2014 BRENDAN MAYLES
Top 10 Paddington Sales – Past 6 months* Address
Bed
Bath
Car
Sold Date
Land Size
Sale Price
1
20 Bowler Street
4
2
2
6 Sep 14
448sqm
$1,820,000
2
18 View Street
3
1
2
11 Oct 14
632sqm
$1,701,000
3
37 Cochrane Street
4
3
2
30 Sep 14
405sqm
$1,620,000
4
17A Morris Street
4
3
2
6 Sep 14
404sqm
$1,450,000
5
55 Stevenson Street
4
2
1
20 Nov 14
835sqm
$1,400,000
6
16 Gulliver Street
4
3
2
1 Nov 14
665sqm
$1,300,000
7
11 Brindle Street
5
2
2
8 Nov 14
708sqm
$1,285,000
8
29A Alma Street
4
2
2
11 Oct 14
405sqm
$1,280,000
9
4 Great George Street
5
3
2
20 Sep 14
254sqm
$1,265,000
5
3
2
16 Aug 14
340sqm
$1,253,000
10 77 Ellena Street * Settled sales
Paddington Statistics – Past 6 months Houses No. Sold
Median
Highest
Lowest
Average Rent
Average Yield
75
$906,000
$1,820,000
$500,000
$600
3.40%
Apartments and Townhouses No. Sold
Median
Highest
Lowest
Average Rent
Average Yield
30
$502,000
$1,147,000
$250,000
$405
4.20%
Paddington Median Price
1994
2004
2014
$186,000
$490,000
$906,000
Buyer Origin – Past 6 months Local
8%
Inner City
2%
Brisbane North Brisbane East Brisbane South Brisbane West Country Qld
3%
9%
3% 2%
Interstate
48%
Overseas
12% 4%
The information in this report is being provided by RP Data, Price Finder and MARS (McGrath’s CRM System), its accuracy cannot be guaranteed. Parties should rely on their own enquires and McGrath will not be liable for error or admissions herein.
Meet your local agent
How long have you been in Paddington? What do you like best about it? My wife Kate and I have lived and worked in Paddington for close to three years now and we are really loving it. For a community so close to the city it is very relaxed. Regarding your job, what motivates you? I enjoy the competitive nature of real estate and find it rewarding having the opportunity to help a client achieve financial success and buy their dream home. Describe the perfect Paddington day/weekend? Definitely kicking the day off at a local cafe. Java Lounge is where you will find me most mornings. It can be taken for granted living next door to Suncorp Stadium but as a sporting tragic going to a game would top off my perfect day. Cats or dogs? Dogs
Brendan Mayles M 0402 659 010 D 07 3088 1520 E brendanmayles@mcgrath.com.au
Dream house? A country homestead surrounded by land and cattle has always been a dream. What’s your favourite neighbourhood, anywhere in the world? Why? Although Paddington is home, last year while visiting NYC I fell in love with the Meatpacking District. How they have converted an outof-use railroad known as the High Line into a public landscape for locals to enjoy, all by private funding, is inspiring. If you weren’t in real estate, what would you be doing? In 2010 I took a 12-month sabbatical from real estate to volunteer for a not-for-profit youth organisation, spending time in regional areas, including Dalby, Chinchilla and Longreach, and places as remote as Coen. I hope in the future to continue doing this type of work.