If you were to buy a house locally at the current median price of $509,000 and had 10% deposit, then you would need a mortgage for $458,100. This is quite a large mortgage compared to state.
With a net change of 289 people, SEACLIFF PARK 5049 has grown considerably when compared to other suburbs in SA.
Mortgage payments in SEACLIFF PARK , 5049 have increased by $701 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SEACLIFF PARK, 5049 should have seen some difference. While the latest census median annual household figure income is now $63,180, it was $47,226 back in 2006, which is a net increase of $15,953 Subtract from that the median mortgage repayment increase of $8,412 and a mortgage broker’s clients could be up to $7,541 better off each year even without factoring in mortgage rate cuts.