CRAIGMORE is one of the less expensive suburbs in SA. Median home prices are $302,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $272,250 home loan.
With a net change of 783 people, CRAIGMORE 5114 has grown considerably when compared to other suburbs in SA.
Mortgage brokers in CRAIGMORE, 5114 have seen that the median mortgage loan repayment has decreased slightly between the last two census periods, changing from $1,083 to $1,452.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CRAIGMORE, 5114 should have seen some difference. While the latest census median annual household figure income is now $65,832, it was $55,250 back in 2006, which is a net increase of $10,582 Subtract from that the median mortgage repayment increase of $4,428 and a mortgage broker’s clients could be up to $6,154 better off each year even without factoring in mortgage rate cuts.