No matter where in SA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BROOKLYN PARK , 5032 is $490,000 this month which means that a mortgage for 80% of that value would be $392,000.
Between 2005 and 2011 the population of BROOKLYN PARK, 5032 grew an average of 45.60 people each year. This figure of 882.80% per annum means BROOKLYN PARK is one of the fastest growing suburbs in SA.
BROOKLYN PARK 5032 homeowners are paying around 40.07% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 BROOKLYN PARK, 5032 should have seen some difference. While the latest census median annual household figure income is now $47,996, it was $36,862 back in 2006, which is a net increase of $11,133 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $5,925 better off each year even without factoring in mortgage rate cuts.