Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in GOLDEN GROVE, 5125 is already $450,000, which makes it the number 211th in SA on a list ordered by most expensive. Make sure that you get good GOLDEN GROVE mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 9329.00 This means that GOLDEN GROVE, 5125’s growth of 451 people is well above the mean for the country as a whole.
GOLDEN GROVE, 5125 has seen a average 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 $1,200 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GOLDEN GROVE, 5125 should have seen some difference. While the latest census median annual household figure income is now $74,204, it was $64,818 back in 2006, which is a net increase of $9,386 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $2,990 better off each year even without factoring in mortgage rate cuts.