ELIZABETH is one of the least expensive suburbs in SA. Median home prices are $215,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $193,500 home loan.
ELIZABETH 5112 has seen not much change in it’s population over the last five years.
ELIZABETH, 5112 has seen a very low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $793 to $1,127.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ELIZABETH, 5112 should have seen some difference. While the latest census median annual household figure income is now $34,008, it was $30,248 back in 2006, which is a net increase of $3,759 Subtract from that the median mortgage repayment increase of $4,008 and a mortgage broker’s clients could be up to $-248 better off each year even without factoring in mortgage rate cuts.