CHRISTIES BEACH is one of the less expensive suburbs in SA. Median home prices are $345,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $310,500 home loan.
With a net change of 434 people, CHRISTIES BEACH 5165 has grown considerably when compared to other suburbs in SA.
CHRISTIES BEACH 5165 homeowners are paying around 58.48% 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 CHRISTIES BEACH, 5165 should have seen some difference. While the latest census median annual household figure income is now $42,692, it was $32,489 back in 2006, which is a net increase of $10,202 Subtract from that the median mortgage repayment increase of $6,084 and a mortgage broker’s clients could be up to $4,118 better off each year even without factoring in mortgage rate cuts.