If you’re looking to buy in HYDE 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 $1,110,000 over the last year.
The average suburb population growth in SA has been 2052.85% since 2006, so the 1681.00% population change in HYDE PARK 5061 is pretty equal to average.
HYDE PARK 5061 homeowners are paying around 35.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of SA which is 43.56%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HYDE PARK, 5061 should have seen some difference. While the latest census median annual household figure income is now $88,920, it was $66,955 back in 2006, which is a net increase of $21,964 Subtract from that the median mortgage repayment increase of $6,720 and a mortgage broker’s clients could be up to $15,244 better off each year even without factoring in mortgage rate cuts.