Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then HIGHGATE is number 806th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HIGHGATE, 5063.
HIGHGATE, 5063 is number 3119th in a list of the country’s fastest growing suburbs, and number 331th in State. It has had an average population growth of 9.40 over the period between the last two national censuses.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-605 less than the median monthly home loan repayment in HIGHGATE, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HIGHGATE, 5063 should have seen some difference. While the latest census median annual household figure income is now $78,988, it was $66,097 back in 2006, which is a net increase of $12,890 Subtract from that the median mortgage repayment increase of $6,960 and a mortgage broker’s clients could be up to $5,930 better off each year even without factoring in mortgage rate cuts.