Market commentary · Paddington 2026

Paddington in 2026. Where the terraces trade.

112 house sales to the start of October. The 36 recorded in detail traded $203.7 million. The owners who sold had held, on median, for almost twelve years.

Paddington: Victorian terraces stepping down the hill, iron lace on the balconies, a plane tree at the end of the row.

112

House sales, Jan–Sep

$203.7m

Traded, 36 recorded sales

$5.26m

Median, 36 recorded

11.8 yrs

Median hold

7.2%

Median growth a year

A market read plainly.

Paddington is the terrace market. Victorian streets falling away from Oxford Street, Five Ways at the crest, Trumper Park and Moore Park at either edge. Very little here is new, and almost nothing can be added. What changes hands is the same stock, again and again, at a higher price each time.

The 2026 record shows a market that trades. 112 house sales above $500,000 were identified from 1 January to 1 October. Roughly a dozen houses a month, in a suburb where almost every one is a terrace. For a market this established, that is real depth.

About this data. The detailed records below cover 36 of those 112 sales, every one between $4.3 million and $8.75 million. They describe the upper end of the market, not the whole suburb. Medians here are medians of those 36.

112 sales, 36 in detail.

Each square is one house sale. The coloured squares are the 36 recorded in full: every one at $4.3 million or more, together worth $203.7 million. The other 76 were identified but are not yet recorded in detail.

112House sales above $500,000, 1 January to 1 October 2026
36Recorded in detail, $4.3m to $8.75m, worth $203.7 million

When the top end traded.

The upper end of Paddington did its business early. 33 of the 36 recorded sales landed between January and May, with February and March alone producing 17. Only three have been recorded since. Later sales may still be settling, or sit among the 76 not yet recorded in detail, so treat the second half as incomplete. On the record so far, the upper end sold in the first half.

The 36 recorded house sales by month of sale. Hover or tab to a month.

Where the money traded.

The weight of the recorded sales sits between $4.3 million and $6 million: 24 of the 36 sales. Above that, the curve thins. Seven sold between $7 million and $8 million, and two cleared $8 million. 102 Hargrave Street led at $8.75 million, and 40 Windsor Street followed at $8.35 million.

What the owners made.

This is the chart that explains Paddington. Each dot is a seller: across for how long they held, up for what the property earned each year. The median owner held for 11.8 years and earned 7.2 per cent a year. Nine had held for more than twenty years. The longest, at 138 Hargrave Street, bought in 1984 for $170,000 and sold this May for $5 million.

Short holds can work too. 24 Renny Street was bought in 2023 for $2.8 million and sold off-market this February for $4.6 million, close to 19 per cent a year. One dot sits below the line. 21 Sutherland Street was bought in September 2023 for $5.7 million and sold this July for $5 million. Records do not show why; the change is unadjusted.

SaleSold below purchaseMedian 7.2% a yearMedian hold 11.8 years

-5%0%5%10%15%20%0 yrs10 yrs20 yrs30 yrs40 yrs

Years between the previous recorded sale and the 2026 sale, against the annual growth rate between the two prices. 34 of the 36 sales have a previous sale on record. Growth is unadjusted for renovations and costs.

Land is not the price.

In most suburbs a bigger block buys a bigger price. Not here. The median recorded sale sat on 165 square metres, and the median price per square metre of land was about $33,000. The two largest blocks, at 25 Flinton Street (374 m²) and 3 Stephen Street (310 m²), sold for $7 million and $7.3 million. 40 Windsor Street, on 145 m², sold for $8.35 million: more than $57,000 per square metre.

In Paddington you pay for the street, the aspect, the frontage and the house. The land underneath is almost incidental.

$4m$5m$6m$7m$8m$9m100 m²150 m²200 m²250 m²300 m²350 m²

Land area against sale price, the 36 recorded house sales. Tap or hover a dot for the address and the price per square metre of land.

Three sales worth knowing.

The top

$8,750,000

102 Hargrave Street

A rebuilt c1890 Italianate terrace over four levels, looking north-east over Trumper Park. Bought for $4 million in 2019. Sold in February for more than double.

The long hold

42 years

138 Hargrave Street

Bought in May 1984 for $170,000. Sold in May 2026 for $5 million. A renovated three-level terrace with a northern aspect and a deep dual-access block.

The exception

−12.3%

21 Sutherland Street

Bought for $5.7 million in September 2023, sold for $5 million in July. A reminder that timing and price paid matter, even in a market this strong.

The streets that traded.

Sutherland Street led the recorded sales with four. Hargrave, Flinton, Paddington and Underwood streets recorded three each. Eight streets carried two or more of the 36.

Sutherland Street
4$20.83m
Hargrave Street
3$18.90m
Flinton Street
3$17.30m
Paddington Street
3$17.20m
Underwood Street
3$14.27m
Jersey Road
2$13.05m
Glenmore Road
2$11.93m
Regent Street
2$9.90m

Streets with two or more of the 36 recorded sales, with the total value traded on each.

The recorded ledger.

Every sale recorded in detail, with what the seller paid. Sort by price, date, land or growth.

36 sales · $203.7 million

Address Previous sale
102 Hargrave Street158 m² · previous sale 2019 · $4,000,000Rebuilt c1890 Victorian Italianate terrace across four levels, with north-east views over Trumper Park.6 Feb158 m²2019 · $4,000,000+12.9%$8,750,000
40 Windsor Street145 m² · previous sale 2013 · $2,500,000The available 2012 advertisement described renovation potential with approved plans; it does not establish the current condition.18 Mar145 m²2013 · $2,500,000+10.3%$8,350,000
7 Duxford Street186 m² · previous sale 2017 · $4,050,000Named Tempe; renovated 1890 Italianate home near Five Ways, with a six-metre frontage and a sunny dual-access block.20 May186 m²2017 · $4,050,000+7.3%$7,500,000
7-9 McLaughlan Place285 m² · previous sale 2019 · $3,800,000No advertisement description was available in the reviewed property page.1 Apr285 m²2019 · $3,800,000+10.7%$7,350,000
3 Stephen Street310 m² · previous sale 2004 · $1,827,500Renovated prestige home with generous living areas, private office, bedroom retreats and secluded garden spaces.3 Mar310 m²2004 · $1,827,500+6.7%$7,300,000
110 Jersey Road171 m² · previous sale 2021 · $4,600,000Renovated c1884 Victorian Italianate terrace in the Hanover Place row; available description comes from a 2021 advertisement.27 Mar171 m²2021 · $4,600,000+9.9%$7,250,000
292 Glenmore Road177 m² · previous sale 2014 · $2,450,000Multi-level corner residence redesigned by Pohio Adams Architects, with light-filled interiors and city views.24 Apr177 m²2014 · $2,450,000+9.4%$7,026,185
260 Moore Park Road234 m² · previous sale 2000 · $825,000No advertisement description was available in the reviewed property page.19 Mar234 m²2000 · $825,000+8.7%$7,000,000
25 Flinton Street374 m² · previous sale 2007 · $3,600,000No advertisement description was available in the reviewed property page.7 May374 m²2007 · $3,600,000+3.6%$7,000,000
74 Paddington Street152 m² · previous sale 2022 · $3,955,000Former shop transformed into a three-level family residence, with a five-metre frontage, northern aspect and separate living areas.6 Feb152 m²2022 · $3,955,000+14.2%$6,100,000
89 Sutherland Street177 m² · previous sale 2019 · $2,900,000Refurbished elevated terrace with generous living areas, rear parking and an alfresco retreat near Trumper Park.28 Feb177 m²2019 · $2,900,000+11.4%$6,025,000
38 Gurner Street195 m² · previous sale 2023 · $4,875,000Corner residence and shopfront with development approvals for a larger home, separate studio, garage, pool and cellar; planned features are not existing improvements.9 May195 m²2023 · $4,875,000+7.1%$6,000,000
132 Jersey Road145 m² · previous sale 2019 · $3,200,000Victorian terrace with Harbour Bridge views, multiple living areas, alfresco space, top-floor retreat and secure parking.30 Apr145 m²2019 · $3,200,000+8.9%$5,800,000
10 Flinton Street248 m² · previous sale 2003 · $1,640,000Three-storey Torrens-title terrace designed by Ercole Palazzetti, overlooking RHW Park near Five Ways.29 Jan248 m²2003 · $1,640,000+5.7%$5,800,000
76A Paddington Street189 m² · previous sale 2006 · $850,000No advertisement description was available in the reviewed property page.26 May189 m²2006 · $850,000+10.2%$5,600,000
137 Paddington Street232 m² · previous sale 2010 · $3,365,000Light-filled home with open-plan living, private garden and level lawn. Description comes from a rental advertisement.2 Mar232 m²2010 · $3,365,000+3.2%$5,500,000
70 Sutherland Street120 m² · previous sale 2020 · $3,650,000Renovated c1888 terrace with a multi-level layout, two living spaces and rear lane garage; available advertisement dates from 2020.24 Mar120 m²2020 · $3,650,000+7.7%$5,500,000
30 Regent Street173 m² · previous sale 2014 · $2,610,010Updated Victorian terrace with multiple living zones and indoor–outdoor flow between Oxford Street and Moore Park. Description comes from a rental advertisement.30 Jan173 m²2014 · $2,610,010+6.7%$5,375,000
142 Hargrave Street148 m² · previous sale 2014 · $2,790,000Architecturally designed three-storey terrace with open-plan living and a large entertaining courtyard. Description comes from a 2023 rental advertisement.23 Jan148 m²2014 · $2,790,000+5.5%$5,150,000
27 Hampden Street189 m² · previous sale 2001 · $1,335,000Torrens-title end terrace with a contemporary three-level layout and indoor–outdoor living.9 Mar189 m²2001 · $1,335,000+5.5%$5,030,000
21 Sutherland Street190 m² · previous sale 2023 · $5,700,000Freestanding Victorian terrace in a cul-de-sac, with rear lane access, double garage, skylit kitchen and family room.9 Jul190 m²2023 · $5,700,000-4.5%$5,000,000
138 Hargrave Street146 m² · previous sale 1984 · $170,000Renovated Victorian terrace over three levels, with a northern aspect, deep dual-access block and private courtyard.15 May146 m²1984 · $170,000+8.4%$5,000,000
60 Glenmore Road234 m² · previous sale 2022 · $3,800,000Named Oakleigh Cottage; renovated c1880 double-fronted residence with a nine-metre frontage and a three-level layout.23 May234 m²2022 · $3,800,000+6.3%$4,900,000
176 Underwood Street145 m² · previous sale 2005 · $1,100,000Victorian home renovated by Designpark, with high ceilings, large glazing and separate living/dining and family zones.26 Jan145 m²2005 · $1,100,000+7.6%$4,900,000
129 Underwood Street160 m² · previous sale 2007 · $1,800,000No advertisement description was available in the reviewed property page.6 Feb160 m²2007 · $1,800,000+5.4%$4,820,000
52 Stewart Street145 m² · previous sale 2014 · $2,106,000Victorian terrace in a wide tree-lined street, with large formal lounge/dining rooms, high ceilings and twin fireplaces.29 Jan145 m²2014 · $2,106,000+7.1%$4,800,000
6 Shadforth Street133 m² · no previous sale on recordNo advertisement description was available in the reviewed property page.16 Feb133 m²Not recorded–$4,750,000
24 Renny Street139 m² · previous sale 2023 · $2,800,000Extensively renovated terrace with a wide layout and generous outdoor areas; advertised as sold off-market.27 Feb139 m²2023 · $2,800,000+18.7%$4,600,000
42 Underwood Street164 m² · no previous sale on recordOriginal-condition terrace held by the same family for over 40 years according to the advertisement; renovation potential near Oxford Street.13 Feb164 m²Not recorded–$4,550,000
3 Regent Street137 m² · previous sale 2002 · $1,208,000Large Victorian terrace with formal and informal living/dining areas, combining period character and modern finishes.3 May137 m²2002 · $1,208,000+5.8%$4,520,000
69 Union Street124 m² · previous sale 2013 · $2,500,000Victorian terrace with contemporary finishes, high ceilings, open-plan living and a private sunny courtyard.6 Aug124 m²2013 · $2,500,000+4.7%$4,520,000
24 Flinton Street166 m² · previous sale 2020 · $3,800,000No advertisement description was available in the reviewed property page.30 Jan166 m²2020 · $3,800,000+3.0%$4,500,000
28 Napier Street177 m² · previous sale 2003 · $1,123,000Architecturally redesigned three-level terrace off Oxford Street, with formal living/dining rooms and a designer kitchen. Description comes from a rental advertisement.12 Aug177 m²2003 · $1,123,000+6.2%$4,500,000
21 Lawson Street125 m² · previous sale 2022 · $3,300,000Architect-renovated five-metre-wide terrace with skylights, two living areas and a north-facing rear garden; available advertisement dates from 2022.19 Feb125 m²2022 · $3,300,000+8.5%$4,300,000
55 Sutherland Street127 m² · previous sale 2011 · $1,700,000Renovated 1890s Victorian terrace on a deep dual-access block in a cul-de-sac; available advertisement dates from 2020.25 Mar127 m²2011 · $1,700,000+6.5%$4,300,000
60 Ormond Street145 m² · previous sale 1987 · $250,000Two-level period terrace in a leafy street near Five Ways and Paddington Reservoir Gardens. Description comes from a rental advertisement.30 Mar145 m²1987 · $250,000+7.6%$4,300,000

My view.

Paddington rewards the long view. The median seller this year held for almost twelve years and earned more than seven per cent a year, before counting the life they lived in the house. The longest holders turned a few hundred thousand dollars into five million.

It is also a market where the detail sets the price. Two terraces on similar blocks can sell millions apart. Aspect, frontage, the street, the quality of the renovation and the way the campaign is run decide which one gets the premium.

And it trades. With more than a hundred house sales in nine months, buyers have choice, and they compare. A Paddington terrace has to be presented and priced for the buyer who has seen every other one on the market that month.

Paddington rewards patience, and punishes guesswork.

Thinking about selling in Paddington? With 112 house sales this year, your buyer is comparing. The campaign has to stand out.

Request an appraisal

Methodology. Paddington NSW 2021, house sales from 1 January to 1 October 2026, sale prices above $500,000. Undisclosed prices, zero values and nominal $1 entries are excluded. The research identified 112 qualifying house sales; full records were saved for 36, all between $4.3 million and $8.75 million; the remaining records were unfinished when the research stopped. All medians, totals, bands, monthly counts, street counts, land rates and growth figures on this page are calculated from those 36 records and describe the upper end of the market, not the whole suburb. Previous sale prices and dates are as recorded; growth is the annual compound rate between the previous sale and the 2026 sale, unadjusted for renovations, transaction costs or changes in property interests. Two of the 36 have no previous sale on record. Property descriptions come from available advertisements, some of them older or rental listings, and may not reflect current condition. Pending settlement records may change. Sales data is indicative, not a valuation. Past results are not a guarantee of future outcomes.