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Paddington is a suburb located 3 kilometres east of the central business district in Sydney, New South Wales. Paddington’s proximity to the CBD is a big draw card for property investors. It is often referred to as “Paddo”.
It is in a very good location being right in the heart of Sydney being close to shops and restaurants. It has a lot of heritage as it is one of the oldest suburbs in Sydney. Because of this, it has a range of properties and buildings going from 1800’s style to modern contemporary residences.
Terrace houses are very popular as they aren’t too expensive and they are popular for couples and small families. There are also modern apartments on offer for people looking for more than a small house.
Small terrace houses are very common followed closely by modern apartments. There are also many small workers cottages in the area.
The Paddington markets shows the craft and creativity within the community. The Five Ways village in Paddington includes bars, cafes, restaurants and shops and is located north of the famous Oxford Street. Oxford Street is the main hub of Paddington which has the main shops and cafes. It includes the Australian centre for photography in which people can observe the galleries and interact with the workshops. Centennial Park in Randwick is quite close by if people want to venture south.
The main local industries and businesses in Paddington are retail trade due to the amount of shops in the area.
Public transport in Paddington includes taxis, buses, trains and ferries which are a couple of minutes outside of Paddington.
Oxford Street is undoubtedly the main street in Paddington and is the only main street in the suburb.
Oxford Street would be a great street to invest in as it is filled with shops and cafes so a property somewhere on this street would be ideal. Another street is Ormond Street which is off Oxford Street. This is because it is also in a prime position and it could be considered quieter than Oxford but Paddington isn’t a quiet place.
The Sydney buyers agents office is located just a 5 minute drive away from Oxford Street in Paddington. So when it comes to investing in properties in Paddington, use Metropole’s buyer’s agents.
Michael Yardney is one of the biggest names in property investment in Australia. He has written for just about every property magazine, newspaper and website in the country. He is also the owner of Metropole’s buyers agents in Melbourne, Sydney and Brisbane.