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 ALDGATE , 5154 is $690,000 this month which means that a mortgage for 80% of that value would be $552,000.
Between 2005 and 2011 the population of ALDGATE, 5154 grew an average of -28.40 people each year. This figure of 620.00% per annum means ALDGATE is one of the more rapidly growing suburbs in SA.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ALDGATE, 5154 rank at number 204th in State or 2426th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALDGATE, 5154 should have seen some difference. While the latest census median annual household figure income is now $98,124, it was $82,300 back in 2006, which is a net increase of $15,823 Subtract from that the median mortgage repayment increase of $6,300 and a mortgage broker’s clients could be up to $9,523 better off each year even without factoring in mortgage rate cuts.