Pasadena is a smaller suburb in South Australia within the Mitcham local government area (postcode 5042). With a population of 3,073, the suburb has a mature demographic with a median age of 49. Households earn a median income of $72K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, German.
The median house price in Pasadena is $975,000, having surged 18.9% over the past year. The current median weekly rent is $572. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Pasadena is served by 1 school, including 1 secondary. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Mitcham LGA is moderate at 5,923 incidents per 100,000 population.
From an investment perspective, Pasadena offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($975K/$950K). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +18.9% year-on-year.
Pasadena is a smaller suburb in South Australia within the Mitcham local government area (postcode 5042). With a population of 3,073, the suburb has a mature demographic with a median age of 49. Households earn a median income of $72K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, German.
The median house price in Pasadena is $975,000, having surged 18.9% over the past year. The current median weekly rent is $572. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Pasadena is served by 1 school, including 1 secondary. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Mitcham LGA is moderate at 5,923 incidents per 100,000 population.
From an investment perspective, Pasadena offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($975K/$950K). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +18.9% year-on-year.