If you were to buy a house locally at the current median price of $344,000 and had 10% deposit, then you would need a mortgage for $309,600. This is small than average mortgage compared to state.
Between 2005 and 2011 the population of CHRISTIES BEACH, 5165 grew an average of 86.80 people each year. This figure of 1033.40% per annum means CHRISTIES BEACH is one of the fastest growing suburbs in SA.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $21 more than the median monthly home loan repayment in CHRISTIES BEACH, SA.
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.