By Rich Harvey, CEO & Founder, propertybuyer.com.au
Whether you are a first time home buyer or a seasoned real estate investor, our team will negotiate on your behalf to get your the best deal for your property investment. Our licensed real estate buyers' agents will work from your property brief to search for real estate in Paddington to meet your requirements. We are experts in securing off-market prestige or commercial real estate property as well as sourcing positive geared property to super-charge your real estate investment portfolio.Our Award-Winning buyers' agents can help you secure the following:
Paddington is a large and varied suburb by inner Sydney standards and is located approximately 2.5km from the CBD in Sydney’s Eastern Suburbs. It sits between Woollahra to the west, Darlinghurst to the east, Moore Park to the south and Edgecliff to the north. Frequent buses provide easy access to Museum Station in the city in around 11 minutes, although it’s an easy 30-minute walk past numerous cafés and beautiful terraces and churches if you have a little more time.
Paddington housing development boomed following the start of the construction of Victoria Barracks in 1841. The heritage listed building was constructed in the Recency style Barracks building was designed to accommodate 650 soldiers and was completed in 1846. Its construction required a variety of workers including stonemasons, quarrymen, carpenters and labourers who all required nearby accommodation. Many terraces were built around this time along Old South Head Road to house the workers. Many workers remained following the construction of the barracks and speculative terrace development in the Victorian architecture style followed as the population continued to grow.
It can be said that terrace housing was the 19th and 20th century version of the modern high-rise apartment block. By the mid 20th century, a Sydney Metropolitan planning scheme noted that Paddington was a slum ripe for redevelopment and proposed demolishing most of the existing terrace houses and replacing them with apartment buildings. Gradually the area became a more multi-cultural area due to the continued influx of migrants and then professionals started to move in due to its convenient location and affordable housing. The collective voice of locals wanting to conserve the area began to grow louder and in 1968 planning policy was reversed and four hundred acres of terrace housing was rezoned as the first conservation area in Australia. Now the heritage conservation status of Paddington including its streets and houses is recognised as being of National and State significance.
Despite some mixed use property along Oxford Street and some larger apartment on the fringes of Paddington, the majority of the suburb remains filled with stunning example of Regency and Victorian era terraces, most of which have been substantially renovated inside to modern standards despite traditional façades.
Today, Paddington’s tree lined streets, period houses, alley ways filled with local cafés, proximity to the city and reputable private schools, good public transport, up-market shops (particularly close to Woollahra and around ‘Five Ways’ shopping precinct) and numerous pubs including some excellent up-market ‘gastro pubs’ are major draw cards and have led to substantial price gains in recent years. Notable past and present residents include Ita Buttrose, Margaret Olley, David Warner and our previous Prime Minister Malcom Turnbull as well as his daughter Daisy. Some will be glad Mr Turnbull is no longer Prime Minister as the streets will no longer be blocked off when he comes to visit his daughter! Coincidentally, Mr Turnbull’s previous residence at 44 Goodhope Street is due to go to auction on 22 September with a price guide of $15 million.
The majority of residents in the suburb are owner occupiers, however investors still own a large chunk of blue chip housing stock in the suburb, however they mostly focus on apartments and terraces at the more affordable end of the market.
Oxford Street is the main shopping strip in the suburb and offers boutique and trendy clothing shops, bookstores, record stores, homewares, grocers and cafés. The famous Paddington Markets are usually open every Saturday have an extensive variety of shops. Whether you are looking for something new or old, you can likely find it here. Paddington is also famous for its selection of pubs which vary in atmosphere from casual to white table cloth.
Paddington has several parks and reserves including Trumper Park near Edgecliff (home to Paddington Bowling Club) and Weigall Sportsground in the north-west corner (home to White City Tennis Club). In addition, the waterfront Rushcutters Bay Park is just to the north and the extensive Centennial Parklands including Moore Park, Moore Park Golf Club and the Entertainment Quarter is just to the south. There are also several 24 hours gyms in nearby Darlinghurst and Bondi Junction.
Paddington includes Glenmore Road Public, Paddington Public School, St Francis of Assisi Primary School and Sydney Grammar Junior School. Other nearby secondary or combined primary/secondary schools include Sydney Girls & Boys High and Brent Street in Moore Park, Ascham in Edgecliff, SCEGGS and Sydney Grammar in Darlinghurst and St Vincent's in Potts Point.
The median house price in Paddington is approximately $2.5 million, which has continued to grow over the previous 12 months despite a slowdown in the wider Sydney market due to its wide and constant appeal. For around this money you can buy a renovated three bedroom/two bathroom terrace or possibly a four bedroom/one bathroom terrace with an option to add a second bathroom down the track. Off-street parking is unlikely.
Apartment prices are also up to a median of $860,000, which will buy you an unrenovated two bedroom apartment in a beautiful art deco building with on-street parking or a renovated 70’s era one bedroom apartment of around 50sqm with parking.
To obtain assistance searching for and buying real estate in Paddington and to get a buyers’ agent or buyers’ advocate on your side, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here. Alternatively, if you want advice on whether to buy or sell first, current market conditions or median prices and growth statistics for Paddington, call our team of buyers’ agents today on 1300 655 615 and we can assist you.
Munro Donen is Director and Principal of Propertybuyer East in the Eastern Suburbs of Sydney. Munro has a wealth of experience having worked in real estate in South Africa, UK and the last 21 years in Australia. He's an excellent negotiator with vast knowledge of the local Eastern suburbs property market. His attention to detail and can-do attitude are just some of the traits his clients value most.Speak to Munro
"Munro did a fantastic job and delivered above our expectations. When we began chatting to Munro about potentially working together, one of our key questions was, “how long is all of this going to take”. During this buying period, there was limited stock on the market, and house prices were rising by the day – it was important that Munro could find the property and make the purchase happen quickly. He was frank with us and explained that our brief would be very challenging but was doable. Further, Munro felt reasonably confident that he could meet our brief in three weeks. It only took him two and a half. Munro knows what he is doing. He is very connected within the Eastern Suburbs property market and knows how to cut to the chase. He can refine a brief within days, and it was not long before all of the properties he showed us met or exceeded our expectations. He managed to get everything we wanted, in the location we wanted, for a price below our budget. He is also an excellent communicator and kept us, as well as our mortgage broker and conveyancer, informed of what was going on at all times. Somehow he even made navigating real estate fun. I would happily recommend him Thank you very much, Munro, for everything that you have done for us."
Paul is a licensed real estate buyers’ agent with experience in purchasing residential homes and investment properties for both local and international clients. Through Paul’s exceptional people interaction, open communication and negotiation skills, the journey to find a property with Paul is always highly engaging, professional, and exciting.Speak to Paul
You will save yourself money, time and stress when you engage a professional buyers’ agent to help you with your next investment property purchase. You will be empowered with the knowledge you need to make an informed decision about the value of a property without all of the sales “hype” often associated with property purchases – we protect you from making an emotional decision. You will have the benefit of our extensive research and analysis into past sales and comparable market data and will be protected from paying too much. You may also gain access to properties not yet advertised, otherwise known as “silent listings”.
Investors will gain access to our wide network of excellent investment opportunities and also get the inside knowledge of the best areas to invest. As property investors ourselves we understand the strict criteria required to buy high performing properties.
Our testimonials describe the ways we have been able to add value to our many clients. Most of our increasing client base stems from glowing referrals given by clients who have been impressed with the value and service we provide.
Yes! We regularly save clients far more than the fee we charge, through our understanding of the property market and our skilled negotiation techniques. We offer a fixed fee service. The advantage of the fixed fee structure is that you only pay the same fee regardless of the price of the property. There are three key areas you will get great value for money by engaging P
A buyers’ agent can save you a packet of money if they are experienced, knowledgeable and have your best interests at heart. They can take the emotion out of the negotiation and auction process and give you accurate advice on property values. They should have an extensive database of agent contacts to help you find off-market properties.
Apart from searching online, ask a local selling agent if they have seen a good buyers agent in action. You can also ask family, friends and work colleagues about their experience with using buyers agents.
An important question to ask a buyers agent is whether they are truly “exclusive” or “independent”. If they accept sales commission from vendors or developers then they cannot be classified as “independent” as they are acting in the interests of the seller. Only deal with a licensed buyers agent (you can check license via the Office of Fair Trading in each state) and one that is a recognised member of your state Real Estate Institute and the Real Estate Buyers Agents Association of Australia.
There are seven factors to consider when selecting a good buyers agent.
Propertybuyer is currently the most awarded Buyers Agency in Australia, and this public scrutiny is an unbiased testament to our integrity, value
We guarantee not to waste your valuable time sourcing inappropriate properties. We will deflect all the stress and detail and save you months of endless searching. We will spend time with you up front so that we clearly understand your needs and will target the search based on agreed preferences. With our help, you will save time, money and stress on your next property purchase. You will gain access to more properties, be better informed about comparable sales, the true value of a property and capital growth projections for the area, and you will make a more informed decision. When you decide on the right property, we will negotiate for you so you will be able to make a rational decision about price without the stress and pressure of dealing with real estate agents or having to negotiate.
Yes – as long as your buyers brief is realistic. We guarantee to give you personal and professional service and a detailed analysis
We work with you in partnership to help you
|Buyers' agent:||Alberto Da Grava|
"I give you ten out of ten. I got an investment property with good return, I got a property with a reliable tenant. Yeah, so every box was ticked in the end, I couldn't ask for anything more."
|Buyer type:||Home Buyer|
|Buyers' agent:||Matt Corbett|
"Particularly for expats looking to buy, having those independent eyes and ears on the ground to go and look at properties for you, I felt that Matt really understood what our needs were in terms of the house. When he'd go to inspect a property, the feedback he gave us was very much in line with how it suited our taste and our requirements.
It was a five-star process with propertybuyer. Everything from the initial discussions with matt to how quick he was to respond to our emails."
Inner West, South Sydney & CBD
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By Rich Harvey, CEO & Founder, propertybuyer.com.au
By Rich Harvey, CEO & Founder, propertybuyer.com.au
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