No matter where in SA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in LARGS BAY , 5016 is $500,000 this month which means that a mortgage for 80% of that value would be $400,000.
Australia’s total population growth over the last five years has been 3851.00 This means that LARGS BAY, 5016’s growth of -38 people is considerably above the mean for the country as a whole.
Mortgage brokers in LARGS BAY, 5016 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,170 to $1,600.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LARGS BAY, 5016 should have seen some difference. While the latest census median annual household figure income is now $62,764, it was $51,246 back in 2006, which is a net increase of $11,518 Subtract from that the median mortgage repayment increase of $5,160 and a mortgage broker’s clients could be up to $6,358 better off each year even without factoring in mortgage rate cuts.