Paddington Brisbane Property Market 2026: What Buyers and Sellers Need to Know
If you've been watching the Paddington property market and wondering whether now is the right time to act, you're not alone. It's one of the most common questions I get as an agent who works this suburb every single day.
Paddington sits at the top of a lot of wish lists for good reason. The character homes, the walkability, the village feel along Given Terrace and Latrobe Terrace, the proximity to the CBD — it all adds up to a suburb that holds value and attracts serious buyers. But the market here isn't static, and understanding what's actually happening right now will help you make a smarter decision whether you're buying, selling, or simply keeping an eye on things.
Where Prices Are Sitting in 2026
Paddington's median house price has remained strong heading into 2026, reflecting sustained demand from families, upsizers, and interstate buyers who have identified the Inner West as a lifestyle investment worth making. Houses in Paddington are broadly tracking in the $1.3 million to $1.9 million range depending on street, aspect, and renovation level. Fully renovated Queenslanders on good blocks are consistently achieving at or above this range at auction.
Units and townhouses in Paddington tell a slightly different story. There's increased interest from buyers who want the suburb without the full house price commitment, particularly young professionals and downsizers. This segment has seen steady price growth with tight supply keeping competition healthy.
What's Driving Demand Right Now
Several factors are converging to keep Paddington competitive in 2026. The post-COVID lifestyle shift has continued to hold. Buyers prioritise space, character, and neighbourhood quality, and Paddington delivers all three. The suburb's hills and Queenslander streetscapes create a sense of identity that newer suburbs simply can't replicate.
Infrastructure confidence is high as Brisbane's Olympic countdown continues. Inner ring suburbs are seen as long-term safe bets, and buyers who were sitting on the fence in prior years have largely committed, which keeps available stock levels tight.
Interstate migration continues to contribute meaningfully to buyer enquiry. Sydney and Melbourne buyers arrive with a price reference point that makes Paddington look like excellent value, and they tend to be decisive when they find the right property.
What Sellers Should Know
If you own in Paddington and you're thinking about selling in 2026, conditions are working in your favour, but presentation still matters enormously. Buyers in this price bracket are sophisticated. They've done their due diligence and they'll move confidently for a property that's well-presented and well-priced. They'll also hesitate on one that feels overcooked in price or underprepared in presentation.
Timing continues to favour spring and early autumn campaigns. The Paddington buyer profile responds well to seeing gardens at their best and homes in good light, so if you're planning a campaign, working backwards from those windows is worth doing.
What Buyers Should Know
Competition for quality stock in Paddington remains real. When a well-priced Queenslander hits the market in the right street, you're going to be competing. Pre-approved finance, a clear ceiling, and the readiness to act quickly all matter more than ever.
The value most buyers leave on the table is in the off-market space. Not every good property in Paddington goes to public campaign. Relationships with agents who are active in the suburb give you access to opportunities before they reach the broader market.
Ready to make your move in Paddington? Whether you're thinking about selling, buying, or simply want to know what your home is worth in today's market, I'd love to have a genuine conversation with no pressure attached. Call Felicity Austin at Glynis Austin Properties on 0478 99 88 11 or send an enquiry through our contact page and let's talk through your options.