KADINA is one of the least expensive suburbs in SA. Median home prices are $247,250 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $222,525 home loan.
KADINA, 5554 is number 2125th in a list of the country’s fastest growing suburbs, and number 179th in State. It has had an average population growth of 145.00 over the period between the last two national censuses.
KADINA 5554 homeowners are paying around 38.85% 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 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.