Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ALLENBY GARDENS, 5009 is already $585,000, which makes it the number 113th in SA on a list ordered by most expensive. Make sure that you get good ALLENBY GARDENS mortgage broker to look for the best deal.
The average suburb population growth in SA has been 2052.85% since 2006, so the 1793.00% population change in ALLENBY GARDENS 5009 is above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,465 which is $317 more every month. As a percentage rise, this makes ALLENBY GARDENS, 5009 the number 4099th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALLENBY GARDENS, 5009 should have seen some difference. While the latest census median annual household figure income is now $63,648, it was $55,837 back in 2006, which is a net increase of $7,810 Subtract from that the median mortgage repayment increase of $3,804 and a mortgage broker’s clients could be up to $4,006 better off each year even without factoring in mortgage rate cuts.