Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in GLENELG SOUTH, 5045 is already $960,000, which makes it the number 25th in SA on a list ordered by most expensive. Make sure that you get good GLENELG SOUTH mortgage broker to look for the best deal.
The average suburb population growth in SA has been 2052.85% since 2006, so the 2239.00% population change in GLENELG SOUTH 5045 is above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in GLENELG SOUTH, 5045 rank at number 361th in State or 3434th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GLENELG SOUTH, 5045 should have seen some difference. While the latest census median annual household figure income is now $62,140, it was $53,206 back in 2006, which is a net increase of $8,933 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $3,737 better off each year even without factoring in mortgage rate cuts.