Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BROOKLYN PARK, 5032 is already $480,000, which makes it the number 177th in SA on a list ordered by most expensive. Make sure that you get good BROOKLYN PARK mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 4414.00 This means that BROOKLYN PARK, 5032’s growth of 228 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $1,517 a month, BROOKLYN PARK , 5032 mortgage brokers are seeing mortgage holders paying $434 more than 2006.
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.