Property investors enjoyed capital gains of 16.67% over the last 12 months in PASADENA, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 3.09% growth over a ten-year period. It ranks 2566th on our list of suburbs that property investors should look into.
PASADENA, 5042 has a capital gain of 16.67% for the past year, which is higher than average compared to its 22.54% growth within a five-year period.
With the median home price in PASADENA sitting at $560,000, and the average rent at $420, property owners could potentially earn a 3.9% increase in gross rental yield.
A 16.67% increase in median property prices in PASADENA, 5042 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 44th.
Figures from the previous quarter show that capital gains for real estate buyers in PASADENA are low, as opposed to average gains per annum over the past five years.
PASADENA, 5042 in SA belongs to the local government area of Mitcham.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.67%||N/A|
|Median 3 years||9.16%||6.84%|
|Median 5 years||22.54%||0%|
|10 years average annual||3.09%||N/A|
|Weekly media advert. rent||$420||$260|
|Time on Market||94.8 days||0.0 days|
|Gross Rental Yield Percent||3.9%||4.23%|