Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then ASCOT PARK is number 2756th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ASCOT PARK, 5043.
Between 2005 and 2011 the population of ASCOT PARK, 5043 grew an average of 82.40 people each year. This figure of 579.20% per annum means ASCOT PARK 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 ASCOT PARK, 5043 rank at number 87th in State or 1319th 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 ASCOT PARK, 5043 should have seen some difference. While the latest census median annual household figure income is now $46,644, it was $37,055 back in 2006, which is a net increase of $9,588 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $1,788 better off each year even without factoring in mortgage rate cuts.