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Pasadena, SA 5042

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$1,170,000

market range $650K-$1.3M

Median Unit

$580,000

list-price estimate

Gross Yield (houses)

3.1%

1yr Growth (houses)

+12.2%

market range +7.5% to +20.0%

Investment snapshot for Pasadena

Pasadena has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Pasadena market and investor summary

Pasadena (SA 5042) runs a median house price of $1.2M, with houses yielding a gross 3.1%. House prices have moved +12.2% over the past year. At 0.5% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.

Living in Pasadena: people, income and schools

About 3,073 people live in Pasadena, and the area has been growing steadily, up about 9% over five years. The median age is 49, skewed a little older, and families account for 68% of households.

Households here earn a median of about $72,000 a year, or roughly $1,380 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 16.3 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There are 49 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 8.3 km from the CBD. It is fairly car-dependent; the suburb scores 30 for walkability and 17 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
3,073
+9% over 5yr
Median age
49 years
Median household income
$72,000/yr
Households renting
19%
Family households
68%
Socio-economic rank
5/10
ABS advantage index
Schools within 5km
49
avg ICSEA 1060
Unemployment
3.3%
Distance to CBD
8.3 km
Walk score
30/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Pasadena

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Frequently asked questions about Pasadena

What should I check before investing in Pasadena?

Pasadena has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +12.2% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Pasadena?

The median property price in Pasadena, SA 5042 is $1.2M for houses.

What rental yield does Pasadena show?

The gross rental yield in Pasadena is 3.1% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Pasadena?

House prices in Pasadena are up 12.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Pasadena?

The current vacancy rate in Pasadena is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Pasadena?

Pasadena has a population of approximately 3,073 residents, with a median age of 49.

What schools are near Pasadena?

There are 49 schools within roughly 5km of Pasadena. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Pasadena affordable to buy in?

A median house in Pasadena costs about 16.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Pasadena's population growing?

The population of Pasadena has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Pasadena from the CBD?

Pasadena is about 8.3 km from the CBD.

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