Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PORT LINCOLN, 5606 is already $300,000, which makes it the number 357th in SA on a list ordered by most expensive. Make sure that you get good PORT LINCOLN mortgage broker to look for the best deal.
PORT LINCOLN, 5606 is number 229th in a list of the country’s fastest growing suburbs, and number 5th in State. It has had an average population growth of 97.00 over the period between the last two national censuses.
PORT LINCOLN 5606 homeowners are paying around 31.70% 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 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.