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Pasadena

POSTAL CODE: SA, 5042
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Property investors enjoyed capital gains of 0.51% 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 8.27% growth over a ten-year period. It ranks 1059th on our list of suburbs that property investors should look into.

PASADENA, 5042 has a capital gain of 0.51% for the past year, which is lower than average compared to its 56.65% growth within a five-year period.

With the median home price in PASADENA sitting at $990,000, and the average rent at $650, property owners could potentially earn a 3.41% 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.

Surburb overview

Pasadena is a peaceful, well-established suburb located approximately 10 kilometres south of Adelaide’s central business district. It is part of the City of Mitcham and is positioned along the hills, providing scenic views of the surrounding area. The suburb is easily accessible via Goodwood Road and Fiveash Drive, with regular bus services offering convenient public transport connections to the Adelaide CBD and surrounding suburbs.

Pasadena has a population of around 1,700 residents and is known for its quiet, family-friendly atmosphere. The suburb features a mix of housing styles, including older homes and more modern developments, making it appealing to a wide demographic of families, professionals, and retirees. The spacious properties and tree-lined streets enhance its suburban charm.

Residents in Pasadena enjoy access to a range of essential services, with the Pasadena Shopping Centre serving as the local hub for grocery stores, retail shops, and dining options. The centre also features specialty stores and cafes, catering to the daily needs of the community. Healthcare services are readily available, with nearby medical clinics and Flinders Medical Centre just a short drive away for more comprehensive healthcare.

Pasadena offers several recreational options, with multiple parks and reserves scattered throughout the area. CC Hood Park and the nearby Mitcham Reserve provide ample green space for walking, picnicking, and outdoor activities. The suburb’s proximity to the Adelaide Hills also means residents can easily enjoy hiking and nature trails. Pasadena is also close to the Centennial Park Cemetery, a historically significant site with beautifully maintained grounds.

Families in Pasadena benefit from access to several nearby schools, including Pasadena High School and Clapham Primary School, making the suburb an ideal choice for those with school-aged children. With its blend of suburban tranquillity, access to essential services, and recreational opportunities, Pasadena offers a well-balanced lifestyle for a variety of residents.

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