With almost 60 years of combined experience, the Penrose team brings local knowledge and passion to real estate in Paddington and the Greater Brisbane region. Grant and Christina Penrose are passionate about helping people find new homes or investments, achieving their dream price in record time. You can rest assured that you’re getting a friendly and approachable local team who understands your market, can predict trends, and help you to buy or sell for the best possible price.
When you choose Team Penrose to sell your property or to help you to buy, you’re signing up for guaranteed results. You’ll receive a free consultation to explain your goals and vision, advanced marketing strategies to boost you to the top of the listings plus constant communication and updates with friendly and approachable service. Additionally, their home staging skills are second to none, and you’ll find a free expert auctioneer in Grant.
Whether you’re looking to sell an older style Queenslander or a modern upscale apartment, the Paddington team will bring their expertise and local knowledge on every step of the way to meet your real estate needs.
From your initial free consultation, the Penrose team will understand your offering and determine how it will fit among the current market and sales trends. Their not-so-little black book of contacts is yours to use, with networks of potential buyers reaching across the seas. With the latest in marketing innovation, expert staging and photography, the Penrose team will have your property looking its best, expertly presented on the screens and kitchen tables of those who will flock to your street on Auction or Open Home Day, ready to buy.
The Brisbane real estate market is booming with those wanting to move to the Sunshine State, and we can’t blame them! Where opportunity, history, lifestyle and excitement abound, you may be considering relocating to Paddington, a mere 3km from the hub of Brisbane City. We are here to help and can work with you to find your dream property among our extensive network of homes for sale. We know Brisbane better than the back of our hands and can help you to settle in with our understanding of market trends, local service providers and priceless neighbourhood knowledge.
One of Brisbane’s most iconic, untouched and charismatic suburbs, Paddington has a distinctive cottage and homely lifestyle, with large homes featuring multiple rooms and balcony views, loved by families, share students and professionals alike. Residents of Paddington report that living in this leafy suburb is reminiscent of residing in the country or a small town, acting as an escape from the hustle and bustle of the city, which is right down the road.
Known for its safety, community feel and unique shopping opportunities, Paddington is loved by both locals and tourists for weekend fun. The buses come every 7 minutes during peak hour, and there are plenty of stops along Paddington’s hilly complexion, making your commute simple. Paddington is the perfect choice for those who love to wine and dine, embrace the opportunity for boutique shopping, walk the dog, or live close to work without the chaos of the city centre. Older style Queenslander homes are stacked on both the side streets and the main drags of Paddington, and you’ll be likely to find a modernised slice of history in this classic inner-city suburb.
Worker’s cottages and renovated Queenslander homes abound in Paddington, coupled with great places to eat and unique shopping opportunities. The suburb is known as leafy, clean, green and safe, and the rich history of its punk and anti-conservative sentiment has morphed into class, charm and sophistication. Students and families alike have flocked to Paddington for generations to enjoy the benefits of the large and well-planned homes, which are now becoming a renovators delight with unique blocks and multiple rooms. Additionally, those who live in Paddington will likely find themselves a short, brisk walk away from fine food, boutique shopping and all that the city has to offer.
Paddington is known by locals and keen tourists as the place to go for good food, from organic breakfasts to boozy brunches or romantic dinners. Both Given Terrace and Latrobe Terrace are a shopper’s paradise, with options unique to the area – such as the old Brisbane Cinema turned antique superstore, or the second-hand shops abuzz with vintage designs. As one of Brisbane’s oldest and most unique suburbs, living in Paddington will make you feel inspired and creative, offering the perfect retreat from your busy city lifestyle.
Paddington may be easy to find work if you’re interested in hospitality or retail, but with the city close by, work opportunities will never be far away. Many of the working professionals or students who reside in Paddington enjoy a very short commute.
There is one public school that serves the catchment of Paddington, which is Prep-6 school Petrie Terrace State School. Families can take advantage of the many private schools around Brisbane and the adjoining suburbs with many excellent choices available from Prep to 12. These include Stuartholme School, St. Laurence’s College and All Hallows’ School along with the Brisbane Grammar Schools, and more, within easy travelling distance.
The inner-city location and the unique vibrance of Paddington make this an upper market suburb, with the median price of a 3-bedroom house ranging between $900,000 and $1.2m, and $648 a week to rent. Paddington homes experience up to 1800 visits per property, making this a very popular suburb based on Queensland averages.
On average, the cost for houses and units in Paddington has remained steady and predictable for two-year stints since 2014, with the biggest increase in prices in 2021 moving the housing market to sit comfortably in the $1.2m range. Houses remain the most popular choice for this bustling suburb with more stand-alone house listings than units for both rental and for sale. With the highest percentage of residents in Paddington being independent youth or independent matured people, the numbers bring truth to the large homes in Paddington being ideal for share housing. With the proximity to Brisbane’s multiple study and work options, this is a perfect dwelling place for busy students and shift workers.
The demographic of Paddington locals consists mostly of independent youth and mature people between the ages of 20-39, making up 45.4% of the overall population, followed by older couples and families. Of the 8556 people who call Paddington home, 54% own their home, and 62% identify as single.