Property investors enjoyed capital gains of 0.18% 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 3.3% growth over a ten-year period. It ranks 2346th on our list of suburbs that property investors should look into.
PASADENA, 5042 has a capital gain of 0.18% for the past year, which is lower than average compared to its 29% growth within a five-year period.
With the median home price in PASADENA sitting at $556,000, and the average rent at $400, property owners could potentially earn a 3.74% increase in gross rental yield.
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.