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 PAYNEHAM , 5070 is $601,000 this month which means that a mortgage for 80% of that value would be $480,800.
Australia’s total population growth over the last five years has been 2120.00 This means that PAYNEHAM, 5070’s growth of 32 people is considerably above the mean for the country as a whole.
Mortgage brokers in PAYNEHAM, 5070 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,136 to $1,639.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PAYNEHAM, 5070 should have seen some difference. While the latest census median annual household figure income is now $51,740, it was $37,887 back in 2006, which is a net increase of $13,852 Subtract from that the median mortgage repayment increase of $6,036 and a mortgage broker’s clients could be up to $7,816 better off each year even without factoring in mortgage rate cuts.