PADDINGTON is one of the most expensive suburbs in NSW. Median home prices are $2,090,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,881,000 home loan.
PADDINGTON, 2021 is number 320th in a list of the country’s fastest growing suburbs, and number 96th in State. It has had an average population growth of 94.60 over the period between the last two national censuses.
PADDINGTON 2021 homeowners are paying around 33.35% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of NSW which is 29.63%.
The local median household income has increased by $438 which is a theoretical $45,084 available for a PADDINGTON mortgage broker to find a home loan.