Paddington (2021) sits within the City of Sydney LGA. Whether you are buying as an investor or comparing ownership to renting, the rental market data below gives you a current-state picture of what tenants are paying and what gross yield looks like relative to recent sale prices. Yield figures use the median dwelling price for the postcode as the denominator.
Can I afford Paddington?
Rental market in Paddington
Median weekly rent from lodged bonds. Sep 2025. Based on 66 new bond lodgements this quarter.
Rents here are at the higher end for Sydney. Higher holding costs for investors; higher savings pressure for renters.
Median weekly rent · Unit · 2 bed
$850per week
Sep 2025 · 66 bonds lodged
Quarterly trend · last 12 quarters
Nearby suburbs · same combination
Darlinghurst2010
$1,000▲$150
1.5 km away
Woollahra2025
$900▲$50
1.6 km away
Double Bay2028
$990▲$140
1.9 km away
Redfern2016
$945▲$95
2.0 km away
NSW DCJ Rental Bond Board↗ · Sep 2025 · CC BY. Cells with 10 or fewer bond lodgements are suppressed; cells with 30 or fewer have the bond count suppressed but rent published. Figures are transacted rents, not asking rents.
The rental data for Paddington 2021 is a lagged indicator. It reflects leases that settled over the past 12 months, not necessarily what a property would achieve today. In a rising market, current achievable rents may be higher than the displayed median; in a softening market, the reverse. Talk to a local property manager for a current-market appraisal if you are making a yield-based investment decision.
