Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in HALLETT COVE, 5158 is already $430,000, which makes it the number 226th in SA on a list ordered by most expensive. Make sure that you get good HALLETT COVE mortgage broker to look for the best deal.
With a net change of -15 people, HALLETT COVE 5158 has has shrunk when compared to other suburbs in SA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,600 which is $517 more every month. As a percentage rise, this makes HALLETT COVE, 5158 the number 3373th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HALLETT COVE, 5158 should have seen some difference. While the latest census median annual household figure income is now $76,180, it was $61,672 back in 2006, which is a net increase of $14,508 Subtract from that the median mortgage repayment increase of $6,204 and a mortgage broker’s clients could be up to $8,304 better off each year even without factoring in mortgage rate cuts.