FELIXSTOW is one of the more expensive suburbs in SA. Median home prices are $564,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $507,600 home loan.
FELIXSTOW, 5070 is number 2502th in a list of the country’s fastest growing suburbs, and number 241th in State. It has had an average population growth of 18.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $696 more every month. As a percentage rise, this makes FELIXSTOW, 5070 the number 2379th 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 FELIXSTOW, 5070 should have seen some difference. While the latest census median annual household figure income is now $48,672, it was $43,139 back in 2006, which is a net increase of $5,532 Subtract from that the median mortgage repayment increase of $8,352 and a mortgage broker’s clients could be up to $-2,819 better off each year even without factoring in mortgage rate cuts.