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first_img7 Reading St, Paddington.A LOCAL real estate agent is predicting a good year ahead for those in the market to sell and buy in the inner-city suburbs of Brisbane.Marketing agent Luke Dawson of Ray White, Paddington said the property market was strong in Paddington, with many attracted to the type of homes in the area, and the lifestyle offered. “It’s a very sought-after pocket of Brisbane,” he said.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours ago7 Reading St, Paddington sold in December for $3,125,000.“There are lots of cafes, restaurants and shops and it’s close to the city, so it appeals to a lot of buyers.”Mr Dawson said he had seen a spike in first-home buyers and owner occupiers in the area.“With interest rates low and banks competitive, people are buying instead of paying rent,” he said.Mr Dawson said that Paddington has been attractive to buyers looking for long-term investments. The home at 7 Reading St, Paddington was built in 1895.“It’s a suburb where people hold for a long time, so I think new buyers entering the market will feel safe knowing they are buying into an area that’s stable,” Mr Dawson said.He added that recent high sales were a reflection of the high demand for “prestige properties in the area,” that would continue to gain buyer interest in 2018.last_img

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