Paddo is pretty, pricey and convenient; it's tops for young professionals & cashed-up families.
Summary: One of the most versatile of all Sydney’s more central suburbs, Paddington strikes an excellent balance between location, greenery, food and shopping, and action vs. quiet. It’s a historic slice of Sydney with a good blend of housing types able to cater for a wide range of income levels and demographics, some great spots for a drink, and its myriad of heritage buildings give it an extra dose of character that other suburbs lack. Expensive prices are a major factor however, for all but the smallest of living spaces.
Key stats
Region: Inner East
Population: 13,500
Postcode: 2021
Ethnic Breakdown: English 27.4%, Australian 17.5%, Irish 11.8%, Scottish 8.3%, German 3.0%
Time to CBD (Public Transport): 15 minutes
Time to CBD (Driving): 10 minutes
Nearest Train Station: Edgecliff
Highlights/attractions: Paddington Reservoir, Paddington Markets, Palace Verona Cinema
Ideal for: Professionals, young professionals, small families
Paddington often flies under the radar of Sydney suburbs considered for living and visiting alike, which is a shame given how much of a historic – and quite classy – slice of inner Sydney it is.
The suburb sort of subtly flows on from Darlinghurst “down the road” (although Oxford Street is one truly massive road), yet the character and atmosphere it offers is substantially different – as the gritty clubs and stores gradually evolve into high-end boutique storefronts and more expensive cafes on the Paddington side.
There’s plenty of “old money” in and around Paddington, and it shows. Many of its buildings are impressive to behold and date back to the 1800s – a number of these are on the National Heritage Register.
A prime example is its Palace Verona Cinema; housed in an old-style building adorned with its signature clocktower, it makes for a highly atmospheric moviegoing experience and is reflective of the differences Paddington offers as a whole.
Paddington is abundant with restaurants and cafes along Oxford Street, and is also home to a range of cool pubs and hotels both large and small. Several of its hotels are quite historic as well and make for a great hangout spot in summer, or a cosy place to enjoy a drink on a cold night.
As a result, Paddington’s probably one of the best suburbs in all of inner Sydney for younger professionals who want to be able to enjoy some great hangout spots while still having an easy commute to the CBD – assuming you’re willing to live in somewhere compact, like a 1-bedder or studio apartment, or in a sharehouse.
The Price of Paddington
Walk back into its side streets and you’ll find an entirely different atmosphere. They’re incredibly leafy and green, and quite quiet given their proximity to a main arterial road, while the housing along most of them is charming to boot. Paddington is home to an abundance of terrace homes both large and small.
Many of these are some truly towering Victorian-style triple-story works which are impressive to behold and sell for multiple millions of dollars; yet one more road across on the opposite side of Gordon Street and you’ve got some more affordable options for higher-density apartment living as well.
While its renovated terraces are a reach to obtain for anything under the $2.5 million mark, Paddington’s 1-bedroom apartment market is quite large and a $500 per week rental rate is quite doable, which can be a boon given its proximity to the Sydney CBD.
Prime for Pets
The suburb is highly pet-friendly, with the majority of its streets’ footpaths grassed and the abundance of greenery in general being a plus for those with animals. Its flagship standout however is the enormous Centennial Park; located on Paddington’s south-eastern corner, this massive grounds is a pet’s paradise and is large enough to almost be considered a suburb in itself.
It’s perpetually full of dogs and dog-owners, and offers ample green space and a historic bent with plenty of old statues, pieces of heritage military equipment, and countless walking and bike tracks and even sports fields all contained within.
Things to Do
There are a couple of other interesting quirks to be discovered that add extra flavour too. Paddington’s Reservoir situated randomly down a flight of stairs on the main street is a surprising bit of architectural design that somehow feels like both a modern art piece and a Roman aqueduct. Its Paddington Markets, meanwhile, offer a niche little place to browse some quality handcrafted foods and goods within the Paddington Public School grounds on Saturdays.
“There’s plenty of “old money” in and around Paddington, and it shows.”
Location-wise Paddington also excels, as its physical location strikes a good balance of both access to the Sydney CBD in one direction, and the beachside suburbs of the east in the other. Add in Allianz Stadium for sporting events and the proximity of Kings Cross, and there’s quite a bit of variety nearby.
A Flawed Gem
The suburb’s not wholly without its flaws, however. Price is obviously a concern for anyone who wants a home with some living space, and its main street area is not what anyone would call “quiet”. Safety-wise Paddington is generally ok, although its direct proximity to Darlinghurst and range of alcohol-dispensing spots means there are often a fair few unsavoury characters about as well.
Perhaps its most glaring weakness is a lack of a train station. While it’s possible to walk the ~20 minutes or so from Edgecliff, that’s a fair hike in and of itself, and you’re looking at around a half-hour walk to Town Hall if going the whole way on foot. Paddington’s serviced by a high volume of buses for CBD access, but they’re subject to the same traffic congestion as regular cars on the Oxford Street thoroughfare.
Parking is likewise an eternal issue here as its high number of terraces with no garage means that street parking is very scarce, with residents and visitors alike competing for spots. If you can survive without a car here, then great – but you’ll be subject to the associated inconsistency of bus transport and all the randomness that entails.
It’s also generally lacking in any kind of larger-scale retail or department stores, as well as bigger supermarkets for buying more reasonably-priced groceries in bulk.
The Verdict
So who should live in Paddington? It’s more flexible than a lot of other suburbs in what it offers, however its prices mean that it’s mostly suited to professionals and professional couples looking for a balance of CBD access for work while feeling a little cleaner and more upmarket than some of the more central and inner-west suburbs.
Cashed-up buyers who can afford a terrace and aren’t a pedant for waterfront views can likewise find plenty to like about Paddington as it’s quite different to terrace-heavy suburbs that require similar budgets on, say, the North Shore. Centennial Park is such a great drawcard for some downtime on the weekends, and there are quality schools nearby as well for families with a bit more money to throw around.
In all it’s an excellent all-rounder for living, and an underrated suburb for visiting on weekends for those who live elsewhere in Sydney. Whether it’s for a night out and a quality drink, a look at its cool architecture, or a base to commute to the city, “Paddo” can check a wider array of boxes than most other suburbs in its region.