PORT LINCOLN is one of the less expensive suburbs in SA. Median home prices are $310,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $279,450 home loan.
With a net change of 485 people, PORT LINCOLN 5606 has grown considerably when compared to other suburbs in SA.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $82 more than the median monthly home loan repayment in PORT LINCOLN, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORT LINCOLN, 5606 should have seen some difference. While the latest census median annual household figure income is now $48,048, it was $42,697 back in 2006, which is a net increase of $5,350 Subtract from that the median mortgage repayment increase of $3,792 and a mortgage broker’s clients could be up to $1,558 better off each year even without factoring in mortgage rate cuts.