GAWLER is one of the less expensive suburbs in SA. Median home prices are $344,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $309,600 home loan.
Australia’s total population growth over the last five years has been 588.00 This means that GAWLER, 5118’s growth of 20 people is some way below the mean for the country as a whole.
GAWLER, 5118 has seen a 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 $1,000 to $1,161.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GAWLER, 5118 should have seen some difference. While the latest census median annual household figure income is now $33,644, it was $29,962 back in 2006, which is a net increase of $3,681 Subtract from that the median mortgage repayment increase of $1,932 and a mortgage broker’s clients could be up to $1,749 better off each year even without factoring in mortgage rate cuts.