Paddington had the most average views per property listing than any other suburb in Brisbane, making it the most in-demand suburb for houses in 2018, according to the latest report from realestate.com.au.
With an average of 4,884 views per property listing in 2018, Paddington claims the top spot as Brisbane’s most in-demand suburb as Indooroopilly and Windsor trail behind with 4,648 and 4,486, respectively.
Paddington has also recorded a remarkable price growth over the past 12 months, ending 2018 with a median house price of $1,150,000 from $1,000,000 a year before. CoreLogic’s Propertyvalue.com.au also shows similar median price change for Paddington with a 15 percent increase in the last 12 months — higher than the national average median price change of 4.30 percent — for a median sale price of $1,200,000.
Paddington houses are also selling fast, ten days faster than the Greater Brisbane average, in fact, at 26 days median time on market. A total of 178 houses have been sold from 1 February 2018 to 1 February 2019.
Rounding out the top 10 most in-demand suburbs are Coorparoo, Red Hill, Toowong, Wilston, Newmarket, Holland Park, and Chandler.
Brisbane dwellings’ price growth over the past 12 months was almost flat, with a median price of $490,000 or a price change of 0.1 percent year-on-year and -0.2 percent quarter-on-quarter. Houses median price was up 0.3 percent year-on-year whilst unit median price was down with a -0.5 percent change, according to the Australian Property Market Report – January 2019. Brisbane inner city was the best performer among metro regions with a price change of 2.0 percent year-on-year.