Currently listed — $1,100,000 ▼ Reduced 8.3% · $100k · 2 days ago
1 bath · 1 car · Studio
Asking price cut 8.3% ($100k, from $1,200,000 to $1,100,000) 2 days ago. The vendor has already moved once: negotiate below the NEW asking, not at it.
The Property Brief — what the evidence shows. You draw the conclusion.
What we've tracked
- 19 Aug 2026 first tracked by our radar (the portal doesn't publish its list date)
- 19 Aug 2026 asking $1.2M
- 26 Aug 2026 price cut $100k — to $1.1M
- 28 Aug 2026 on market 9+ days — first tracked by us, a lower bound
Suburb risk flags
crime index: 63 — above sydney average · 18 min walk to Edgecliff · ~6 min train to the CBD · light rail ~every 4 min at peak
Where every number comes from
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
⏱ Days on market — this campaign
9 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
Rent evidence — asking vs transacted, Paddington · postcode 2021
$750/week median new-tenancy rent for units in 2021 (2026Q2, 174 bonds lodged — all bedroom counts pooled).
2019Q1 → 2026Q2: $520 → $750/wk · +12% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2021, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
Growth trend — Paddington units at auction
Too few same-bed sales for a measured growth rate yet. Recent quarterly sold medians (all unit sizes — thin samples move these):
2024Q2 $1088k (6) · 2024Q4 $1114k (6) · 2025Q1 $2238k (4) · 2025Q2 $975k (5)
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Agencies' own published sales nearby — Paddington
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 6 Albert Square | 5 Dec 2021 | $1,800,000 | 2 | Harris Partners |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP65708 registered 2001 — the building is at least 25 years old · 120 lots in the scheme (large scheme — expect facilities and higher levies).
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Paddington — recent local signals
2025-12-23 — Education invest — 248-250 OXFORD STREET PADDINGTON 2021 ($4161k) (institutional-signals.json (PAN-602576, OnlineDA))
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Glenmore Rd PS (primary) · Inner Sydney HS (secondary)
9 primary schools within 2 km · ICSEA ~1133 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
Suburb-centre approximation for Paddington — addresses near a boundary can differ. Verify the exact address at School Finder. Intake zones cover government schools only.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.