Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in DOVER GARDENS, 5048 is already $474,500, which makes it the number 187th in SA on a list ordered by most expensive. Make sure that you get good DOVER GARDENS mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 2481.00 This means that DOVER GARDENS, 5048’s growth of 455 people is considerably above the mean for the country as a whole.
DOVER GARDENS 5048 homeowners are paying around 50.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay 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 DOVER GARDENS, 5048 should have seen some difference. While the latest census median annual household figure income is now $48,776, it was $37,424 back in 2006, which is a net increase of $11,351 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $5,351 better off each year even without factoring in mortgage rate cuts.