REYNELLA is one of the less expensive suburbs in SA. Median home prices are $312,880 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $281,592 home loan.
With a net change of 30 people, REYNELLA 5161 has not grown much when compared to other suburbs in SA.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $95 more than the median monthly home loan repayment in REYNELLA, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in REYNELLA, 5161 should have seen some difference. While the latest census median annual household figure income is now $49,816, it was $42,692 back in 2006, which is a net increase of $7,124 Subtract from that the median mortgage repayment increase of $4,272 and a mortgage broker’s clients could be up to $2,852 better off each year even without factoring in mortgage rate cuts.