Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BERRI, 5343 is already $170,000, which makes it the number 462th in SA on a list ordered by most expensive. Make sure that you get good BERRI mortgage broker to look for the best deal.
Between 2005 and 2011 the population of BERRI, 5343 grew an average of -45.80 people each year. This figure of 800.20% per annum means BERRI is one of the fastest growing suburbs in SA.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,083 which is $216 more every month. As a percentage rise, this makes BERRI, 5343 the number 5446th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, BERRI SA would be 2758th with 33.23.