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 CHELTENHAM , 5014 is $449,000 this month which means that a mortgage for 80% of that value would be $359,200.
The average suburb population growth in SA has been 2052.85% since 2006, so the 2039.00% population change in CHELTENHAM 5014 is above average.
Mortgage payments in CHELTENHAM , 5014 have increased by $500 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CHELTENHAM, 5014 should have seen some difference. While the latest census median annual household figure income is now $56,576, it was $48,308 back in 2006, which is a net increase of $8,268 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $2,268 better off each year even without factoring in mortgage rate cuts.