Is Oxford Street’s revitalisation affecting residential prices?

Yes, particularly throughout the northern side of Paddington. The completion of several retail, hospitality, and boutique hotel projects during 2025–2026 has brought renewed energy to the Oxford Street precinct. Many buyers are now specifically looking for homes within walking distance of the dining and lifestyle areas, while still wanting the quieter feel of Paddington’s surrounding back streets.

Are unrenovated terraces still selling well?

Yes, although the buyer pool is definitely smaller than it was a few years ago. Most buyers in 2026 prefer homes where the major renovation work has already been completed. Well executed renovations continue to attract stronger competition, particularly from buyers who want a more turn-key property rather than taking on a large renovation project themselves.

What is the “sweet spot” for a Paddington sale right now?

A: The $4.5M to $6M range remains one of the most active parts of the Paddington market. At this level, sellers are usually looking for agents with strong local knowledge and experience across the different pockets of the suburb from the wider streets near Centennial Park to the tighter village style lanes closer to Five Ways.

What buyers want in Paddington in 2026: The Ultimate Guide

Discover what buyers want in Paddington in 2026. From studio extensions to eco-luxury heritage updates, explore the latest Inner-East Sydney property trends.