THEBARTON is one of the more expensive suburbs in SA. Median home prices are $516,750 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $465,075 home loan.
THEBARTON 5031 has seen a decline in it’s population over the last five years.
THEBARTON, 5031 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,196 to $1,517.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in THEBARTON, 5031 should have seen some difference. While the latest census median annual household figure income is now $47,060, it was $37,788 back in 2006, which is a net increase of $9,271 Subtract from that the median mortgage repayment increase of $3,852 and a mortgage broker’s clients could be up to $5,419 better off each year even without factoring in mortgage rate cuts.