With a capital gain of 12.60% for the last 12 months, Pasadena, 5042 has performed for property investments than its average annual 2.99% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pasadena has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.61% offered to property buyers. Sellers in Pasadena itself are offering an average vendor discount of -3.19% to real estate investors.
Residents and property investors in Pasadena have been waiting around 50.48 days to sell a property.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 2.99%.