Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NORWOOD, 5067 is already $855,000, which makes it the number 38th in SA on a list ordered by most expensive. Make sure that you get good NORWOOD mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 5702.00 This means that NORWOOD, 5067’s growth of 98 people is well above the mean for the country as a whole.
NORWOOD 5067 homeowners are paying around 34.14% 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 NORWOOD, 5067 should have seen some difference. While the latest census median annual household figure income is now $69,108, it was $55,109 back in 2006, which is a net increase of $13,998 Subtract from that the median mortgage repayment increase of $6,108 and a mortgage broker’s clients could be up to $7,890 better off each year even without factoring in mortgage rate cuts.