Centennial Park vs Paddington.
Comparing two suburbs with median house prices of $9,500,000 and $3,620,000. Paddington edges out on more headline metrics in this comparison.
Paddington (median $3,620,000) is roughly 162% cheaper to buy into than Centennial Park ($9,500,000). Over the past year, Paddington (+11.4%) ran 11.4 percentage points ahead of Centennial Park (0%) on house-price growth.
On school quality, the average ICSEA across schools serving Centennial Park (1158) sits above Paddington (1140). Paddington skews owner-occupied (53%), Centennial Park runs more rental-dense (43% owner).
For buyers
Paddington is the lower entry point at $3,620,000 median, 162% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Paddington carries both higher gross yield (2.15% vs 0.82%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Centennial Park edges out on average school ICSEA (1158 vs 1140).
Common questions
Is Centennial Park or Paddington cheaper to buy in?
Paddington has the lower median house price at $3,620,000, roughly 162% below Centennial Park ($9,500,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Centennial Park or Paddington?
Over the past 12 months, Paddington grew +11.4% vs 0% in Centennial Park, a gap of 11.4 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Centennial Park or Paddington have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Centennial Park scores 1158 vs 1140 in Paddington. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Centennial Park or Paddington?
Gross rental yield on houses is 2.15% in Paddington vs 0.82% in Centennial Park. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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