Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CLEARVIEW, 5085 is already $410,000, which makes it the number 252th in SA on a list ordered by most expensive. Make sure that you get good CLEARVIEW mortgage broker to look for the best deal.
The average suburb population growth in SA has been 2052.85% since 2006, so the 3352.00% population change in CLEARVIEW 5085 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $477 more every month. As a percentage rise, this makes CLEARVIEW, 5085 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 CLEARVIEW, 5085 should have seen some difference. While the latest census median annual household figure income is now $45,396, it was $35,386 back in 2006, which is a net increase of $10,010 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $4,286 better off each year even without factoring in mortgage rate cuts.