How do I find a leasing agent in Paddington who understands heritage homes?

Look for an agent with genuine local experience in older terraces and heritage-style homes. A strong Paddington leasing agent should understand damp, roofing, ventilation, sandstone, timber floors, terrace layouts, council or conservation considerations and the type of tenant who values heritage character.

What is the current vacancy rate in Paddington?

Vacancy can vary depending on property type, condition, rent and timing. Well-presented Paddington homes generally attract strong demand, but overpriced or poorly maintained properties can take longer to lease. Current local evidence should always guide pricing.

Should I allow pets in my Paddington terrace?

Being open to suitable pets can widen the tenant pool, particularly for terraces with courtyards or outdoor space. Landlords should still consider flooring, garden care, strata or by-law requirements where relevant, and clear lease expectations around cleaning and damage.

How much should I spend on marketing my rental?

The right marketing spend depends on the property, but professional photography and strong online presentation are usually worthwhile in Paddington. Good marketing can reduce vacancy, attract better tenants and help the property stand out against competing rentals.

How often can I increase the rent in NSW?

Rent increases in NSW depend on the tenancy type, lease terms and current notice requirements. In many cases, rent increases are generally limited in frequency, so landlords should check current rules and set rent carefully at the beginning of a lease.

Is Paddington still a good investment in 2026?

Paddington remains a strong long-term property market because of its scarcity, prestige, heritage character and lifestyle appeal. Yields may be lower than in some other suburbs, but many owners value the suburb for capital preservation and long-term growth potential.

Do I need specialised insurance for a heritage rental?

It is worth reviewing your landlord insurance carefully. Heritage or older homes may involve different repair costs, specialist trades or rebuilding considerations. Owners should read the policy details and seek insurance advice where needed.

How do I handle emergency repairs in an old terrace?

A good property manager should have reliable trades who understand older Paddington homes. Emergency repairs should be handled quickly, documented clearly and followed up properly to prevent repeat issues.

What is the Metro effect for Paddington?

Paddington does not have its own Metro station, but nearby city-fringe transport improvements can support tenant demand by improving broader access to employment hubs. The stronger leasing story is Paddington’s combination of village lifestyle, heritage character and practical city access.

How can Space Property Agency help me lease my Paddington property?

Space Property Agency can help with rental appraisal, property preparation, professional marketing, tenant screening, lease management and ongoing property management. The focus is on securing a strong tenant while protecting the long-term value of the asset.

The Landlord’s Guide to Leasing in Paddington: 2026 Edition

Paddington leasing guide for 2026 covering rents, heritage homes, tenant demand, marketing, compliance and asset protection for landlords.