No matter where in SA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in VICTOR HARBOR , 5211 is $330,000 this month which means that a mortgage for 80% of that value would be $264,000.
Australia’s total population growth over the last five years has been 4022.00 This means that VICTOR HARBOR, 5211’s growth of 107 people is considerably above the mean for the country as a whole.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $195 more than the median monthly home loan repayment in VICTOR HARBOR, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in VICTOR HARBOR, 5211 should have seen some difference. While the latest census median annual household figure income is now $35,932, it was $30,118 back in 2006, which is a net increase of $5,813 Subtract from that the median mortgage repayment increase of $2,724 and a mortgage broker’s clients could be up to $3,089 better off each year even without factoring in mortgage rate cuts.