Hampstead Gardens vs Pasadena

The median house price is $1.3M in Hampstead Gardens and $1.2M in Pasadena, so Pasadena is the cheaper entry point, with Hampstead Gardens houses about 7% dearer.

On cash flow, Pasadena leads: houses there return a gross rental yield of 3.10%, compared with 2.80% in Hampstead Gardens, a gap of 0.30 percentage points.

Over the past year house prices moved +23.5% in Hampstead Gardens (an estimate) and +12.2% in Pasadena (an estimate), so recent momentum favours Hampstead Gardens, although both suburbs recorded growth.

Rental vacancy is 0.5% in Pasadena and 0.9% in Hampstead Gardens, so landlords in Pasadena face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Pasadena is the bigger suburb, with a population of 3,073 against 1,535, roughly 2.0 times the size of Hampstead Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Pasadena for rental income, Pasadena for a lower purchase price, Hampstead Gardens for recent price momentum, Pasadena for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.