What is the true cost of buying an apartment in Paddington?

The median apartment in Paddington is $1,350,000. Including stamp duty ($56,660), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $94,412, or $7,868/month.

What does it really cost to buy a house in Paddington?

The median house in Paddington is $2,650,000. True first-year cost including stamp duty ($128,160), rates, insurance, maintenance, and mortgage repayments is approximately $179,150.

What is the vacancy rate in Paddington?

Paddington currently has a vacancy rate of 1.2%. Properties average 28 days on market.

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True Cost of Buying in Paddington

2021 NSW · 3km to CBD

Stable

A decision, not just a search · Paddington

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Paddington NSW 2021 is an affluent inner-eastern Sydney suburb located just 3km from the CBD, renowned for its Victorian terrace houses and sophisticated urban lifestyle. The area attracts young professionals, creative industries workers, and affluent families who value the combination of heritage architecture, cultural amenities, and excellent city connectivity. The suburb features the famous Paddington Markets, vibrant Oxford Street dining and entertainment precinct, and proximity to Centennial Park. With a median house price exceeding $2.5 million, Paddington represents premium inner-city living with strong capital growth potential driven by limited supply due to heritage restrictions and consistent demand from high-income demographics. The community is highly educated, culturally diverse, and includes a significant LGBTQ+ population, creating a cosmopolitan atmosphere. Investment prospects remain strong despite premium pricing, supported by excellent transport links, ongoing gentrification, and the suburb's established reputation as one of Sydney's most desirable addresses.

Premium location 3km from Sydney CBD with excellent connectivityHeritage-listed Victorian terraces creating unique character and supply constraintsStrong demographic profile with high-income professionals and university-educated residentsVibrant cultural scene including Paddington Markets, galleries, and Oxford Street precinctProximity to Centennial Park and quality recreational facilities

Market Snapshot

Median House

$2.6M

+7.2% 1yr

Median Apartment

$1.4M

+6.8% 1yr

Median Townhouse

$2.2M

Vacancy Rate

1.2%

28 avg DOM

Yield (Apartment)

3.4%

Yield (House)

2.8%

Auction Clearance

78%

Population

12,500

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$7,868/mo

Purchase Price

$1,350,000

Stamp Duty

$56,660

1st Year Total

$94,412

House

$14,929/mo

Purchase Price

$2,650,000

Stamp Duty

$128,160

1st Year Total

$179,150

Townhouse

$11,966/mo

Purchase Price

$2,200,000

Stamp Duty

$103,410

1st Year Total

$143,588

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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