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 DOVER GARDENS , 5048 is $488,000 this month which means that a mortgage for 80% of that value would be $390,400.
DOVER GARDENS, 5048 is number 2318th in a list of the country’s fastest growing suburbs, and number 208th in State. It has had an average population growth of 91.00 over the period between the last two national censuses.
With a median housing loan repayment of $1,500 a month, DOVER GARDENS , 5048 mortgage brokers are seeing mortgage holders paying $500 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 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.