Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then EASTWOOD is number 1641th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service EASTWOOD, 5063.
Between 2005 and 2011 the population of EASTWOOD, 5063 grew an average of 7.40 people each year. This figure of 135.60% per annum means EASTWOOD is one of the below average growth suburbs in SA.
EASTWOOD 5063 homeowners are paying around 24.88% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less 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 EASTWOOD, 5063 should have seen some difference. While the latest census median annual household figure income is now $75,244, it was $58,006 back in 2006, which is a net increase of $17,238 Subtract from that the median mortgage repayment increase of $4,542 and a mortgage broker’s clients could be up to $12,696 better off each year even without factoring in mortgage rate cuts.