If you compare the increase in value of investment property in Pasadena, 5042 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was -2.87%.
Pasadena,5042 was ranked 3514 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Pasadena are currently offering property investors an average price cut of -5.50% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.25%, without taking into account capital value appreciation, which has been averaging out at 4.29%.
Pasadena is 8th on a list of best yielding suburbs for rents in SA with a 6.21% return