Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then KADINA is number 3967th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service KADINA, 5554.
Between 2005 and 2011 the population of KADINA, 5554 grew an average of 145.00 people each year. This figure of 567.60% per annum means KADINA is one of the more rapidly growing suburbs in SA.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $312 more than the median monthly home loan repayment in KADINA, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KADINA, 5554 should have seen some difference. While the latest census median annual household figure income is now $40,508, it was $32,983 back in 2006, which is a net increase of $7,524 Subtract from that the median mortgage repayment increase of $3,636 and a mortgage broker’s clients could be up to $3,888 better off each year even without factoring in mortgage rate cuts.