If you were to buy a house locally at the current median price of $426,000 and had 10% deposit, then you would need a mortgage for $383,400. This is an average sized mortgage compared to state.
The average suburb population growth in SA has been 2052.85% since 2006, so the 1049.00% population change in DARLINGTON 5047 is pretty equal to average.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-533 less than the median monthly home loan repayment in DARLINGTON, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DARLINGTON, 5047 should have seen some difference. While the latest census median annual household figure income is now $61,412, it was $43,503 back in 2006, which is a net increase of $17,908 Subtract from that the median mortgage repayment increase of $10,140 and a mortgage broker’s clients could be up to $7,768 better off each year even without factoring in mortgage rate cuts.