If you’re looking to buy in HAZELWOOD PARK then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $911,250 over the last year.
Between 2005 and 2011 the population of HAZELWOOD PARK, 5066 grew an average of 50.20 people each year. This figure of 373.80% per annum means HAZELWOOD PARK is one of the more rapidly growing suburbs in SA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $476 more every month. As a percentage rise, this makes HAZELWOOD PARK, 5066 the number 1453th 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 HAZELWOOD PARK, 5066 should have seen some difference. While the latest census median annual household figure income is now $80,860, it was $61,458 back in 2006, which is a net increase of $19,401 Subtract from that the median mortgage repayment increase of $5,718 and a mortgage broker’s clients could be up to $13,683 better off each year even without factoring in mortgage rate cuts.