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 NOVAR GARDENS , 5040 is $602,500 this month which means that a mortgage for 80% of that value would be $482,000.
Australia’s total population growth over the last five years has been 2225.00 This means that NOVAR GARDENS, 5040’s growth of -56 people is considerably above the mean for the country as a whole.
NOVAR GARDENS 5040 homeowners are paying around 25.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than 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 NOVAR GARDENS, 5040 should have seen some difference. While the latest census median annual household figure income is now $51,168, it was $52,436 back in 2006, which is a net increase of $-1,268 Subtract from that the median mortgage repayment increase of $3,600 and a mortgage broker’s clients could be up to $-4,868 better off each year even without factoring in mortgage rate cuts.