If you were to buy a house locally at the current median price of $470,000 and had 10% deposit, then you would need a mortgage for $423,000. This is quite a large mortgage compared to state.
BRIDGEWATER, 5155 is number 1841th in a list of the country’s fastest growing suburbs, and number 136th in State. It has had an average population growth of 5.60 over the period between the last two national censuses.
BRIDGEWATER 5155 homeowners are paying around 57.89% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much more than the median average increase of SA which is 43.56%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRIDGEWATER, 5155 should have seen some difference. While the latest census median annual household figure income is now $77,428, it was $59,836 back in 2006, which is a net increase of $17,591 Subtract from that the median mortgage repayment increase of $7,524 and a mortgage broker’s clients could be up to $10,067 better off each year even without factoring in mortgage rate cuts.