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 BIRDWOOD is number 2898th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BIRDWOOD, 5234.
The average suburb population growth in SA has been 2052.85% since 2006, so the 1200.00% population change in BIRDWOOD 5234 is pretty equal to average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $479 more every month. As a percentage rise, this makes BIRDWOOD, 5234 the number 3635th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BIRDWOOD, 5234 should have seen some difference. While the latest census median annual household figure income is now $63,752, it was $54,906 back in 2006, which is a net increase of $8,845 Subtract from that the median mortgage repayment increase of $5,748 and a mortgage broker’s clients could be up to $3,097 better off each year even without factoring in mortgage rate cuts.