PARK HOLME is one of the more expensive suburbs in SA. Median home prices are $485,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $436,500 home loan.
Between 2005 and 2011 the population of PARK HOLME, 5043 grew an average of 82.80 people each year. This figure of 526.40% per annum means PARK HOLME is one of the more rapidly growing suburbs in SA.
PARK HOLME 5043 homeowners are paying around 78.39% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much more 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 PARK HOLME, 5043 should have seen some difference. While the latest census median annual household figure income is now $44,772, it was $32,723 back in 2006, which is a net increase of $12,048 Subtract from that the median mortgage repayment increase of $9,492 and a mortgage broker’s clients could be up to $2,556 better off each year even without factoring in mortgage rate cuts.