MANNINGHAM is one of the most expensive suburbs in SA. Median home prices are $620,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $558,000 home loan.
Between 2005 and 2011 the population of MANNINGHAM, 5086 grew an average of 11.00 people each year. This figure of 239.00% per annum means MANNINGHAM is one of the average growth suburbs in SA.
Mortgage brokers in MANNINGHAM, 5086 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,192 to $1,625.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MANNINGHAM, 5086 should have seen some difference. While the latest census median annual household figure income is now $73,164, it was $55,707 back in 2006, which is a net increase of $17,456 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $12,260 better off each year even without factoring in mortgage rate cuts.