House prices in CLOVELLY PARK have seen little growth over the last year, which means it's more important than ever to get a good SA mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of CLOVELLY PARK, 5042 grew an average of 21.80 people each year. This figure of 574.40% per annum means CLOVELLY PARK is one of the more rapidly growing suburbs in SA.
With a median housing loan repayment of $1,599 a month, CLOVELLY PARK , 5042 mortgage brokers are seeing mortgage holders paying $516 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CLOVELLY PARK, 5042 should have seen some difference. While the latest census median annual household figure income is now $51,220, it was $39,785 back in 2006, which is a net increase of $11,434 Subtract from that the median mortgage repayment increase of $6,192 and a mortgage broker’s clients could be up to $5,242 better off each year even without factoring in mortgage rate cuts.