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 HIGHGATE , 5063 is $875,000 this month which means that a mortgage for 80% of that value would be $700,000.
With a net change of 47 people, HIGHGATE 5063 has not grown much when compared to other suburbs in SA.
Mortgage brokers in HIGHGATE, 5063 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,420 to $2,000.
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.