If you were to buy a house locally at the current median price of $1,365,000 and had 10% deposit, then you would need a mortgage for $1,228,500. This is a very large mortgage compared to state.
With a net change of 102 people, ROSE PARK 5067 has grown when compared to other suburbs in SA.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-772 less than the median monthly home loan repayment in ROSE PARK, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ROSE PARK, 5067 should have seen some difference. While the latest census median annual household figure income is now $97,656, it was $79,232 back in 2006, which is a net increase of $18,423 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $10,623 better off each year even without factoring in mortgage rate cuts.