A Suburb Review: What are the Pros & Cons of Living in Paddington?

Potential home owners and property investors are moving to Brisbane because of its high-end infrastructure facilities, booming property market and exceptional local amenities. They are leaving top cities like Sydney and Melbourne to enjoy the laid-back lifestyle and tranquility. There is no denying that Paddington has become the hotspots among investors and all for good reasons. It is an affluent inner suburb of Brisbane with a total population of 9, 063 people.  The neighbourhood is popular for its million dollar mansions, stylish shopping scene, antique stores, vintage cafes and trendy restaurants. It offers beautiful views of the city and a friendly community to hang out with. If you want to buy a property in Brisbane, look no other than Paddington. But before that, let’s unveil the key pros and cons of living in this suburb.   Let’s Get Started!

Pros of Living in Paddington

Here is the list of benefits you should explore before making the property investment decision:

1. Beautifully Structured Residential Properties

Are you searching for classic cottages and mansions in Brisbane, QLD? Your search ends here. The suburb offers a range of dwellings and some are exceptionally designed with tin and timber to give a rustic and classy look. You can also explore the sky-high apartments to enjoy the stunning views of the city from the top. The Queenslander-style homes are in demand the most and you can find it here in Paddington.

2. Top-Notch Local Amenities

The neighbourhood is brimmed with high-end facilities, ranging from:

• Best-rated schools
• Healthcare facilities
• Gyms and sports recreational hubs
• The Plaza Theatre
• Lush-green parks and playgrounds
• Restaurants, cafes and pubs
• Enjoy the breeze of the Brisbane River
• Close Proximity to the CBD. Etc

These are crucial amenities for first-time home buyers and investors.

3. Family-Friendly Suburb

According to the survey, over 50 per cent of households in the suburb have children. The residential areas are safe and have community activities for growing family. They can easily access to the childcare facilities, parks and schools with ease.

4. Low-Crime Rate

This is one of the major reasons why people are buying properties in Brisbane. The suburb is one of the safest places to live and raise the family. They follow the strict rules and the local police is always active, day and night.

Cons of Living in Paddington

Have a look at the demerits of living in Paddington:

1. Higher Property Prices

There is no denying that Paddington is one of the most expensive suburbs in Brisbane, QLD. Buying a unit is expensive as compared to other parts of the city. The median house price in the suburb is at $1,850,000 and this will increase with each passing year. This is the right time if you are selling your home. It will help you get higher value if you stage your property properly.

2. Restricted Parking Facility

Being close to the CBD and Suncorp Stadium, many areas of Paddington have the serious issue of parking space. This can make it difficult for people to travel with their personal vehicles, especially cars. However, you can use the public transport to get around in Brisbane without any stress.

Wrapping up

Keeping the pros and cons of living in Paddington can help you make a well-informed property investment or buying decision. Make sure you consider all the aspects as mentioned above in this article and live the way you always dreamt off.