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 DAW PARK , 5041 is $592,750 this month which means that a mortgage for 80% of that value would be $474,200.
Australia’s total population growth over the last five years has been 2340.00 This means that DAW PARK, 5041’s growth of 96 people is considerably above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,560 which is $477 more every month. As a percentage rise, this makes DAW PARK, 5041 the number 3523th 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 DAW PARK, 5041 should have seen some difference. While the latest census median annual household figure income is now $53,352, it was $44,340 back in 2006, which is a net increase of $9,011 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $3,287 better off each year even without factoring in mortgage rate cuts.