Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then ALDGATE is number 1177th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ALDGATE, 5154.
Between 2005 and 2011 the population of ALDGATE, 5154 grew an average of -28.40 people each year. This figure of 620.00% per annum means ALDGATE is one of the more rapidly growing suburbs in SA.
ALDGATE, 5154 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,208 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALDGATE, 5154 should have seen some difference. While the latest census median annual household figure income is now $98,124, it was $82,300 back in 2006, which is a net increase of $15,823 Subtract from that the median mortgage repayment increase of $6,300 and a mortgage broker’s clients could be up to $9,523 better off each year even without factoring in mortgage rate cuts.