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 BEAUMONT is number 822th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BEAUMONT, 5066.
BEAUMONT, 5066 is number 2383th in a list of the country’s fastest growing suburbs, and number 221th in State. It has had an average population growth of 9.00 over the period between the last two national censuses.
BEAUMONT 5066 homeowners are paying around 33.64% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of SA which is 43.56%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEAUMONT, 5066 should have seen some difference. While the latest census median annual household figure income is now $98,228, it was $83,049 back in 2006, which is a net increase of $15,178 Subtract from that the median mortgage repayment increase of $6,546 and a mortgage broker’s clients could be up to $8,632 better off each year even without factoring in mortgage rate cuts.