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 GLENELG is number 646th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service GLENELG, 5045.
GLENELG 5045 has seen steady growth in it’s population over the last five years.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-685 less than the median monthly home loan repayment in GLENELG, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GLENELG, 5045 should have seen some difference. While the latest census median annual household figure income is now $64,532, it was $51,194 back in 2006, which is a net increase of $13,338 Subtract from that the median mortgage repayment increase of $8,940 and a mortgage broker’s clients could be up to $4,398 better off each year even without factoring in mortgage rate cuts.