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 HYDE PARK is number 449th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HYDE PARK, 5061.
HYDE PARK, 5061 is number 2848th in a list of the country’s fastest growing suburbs, and number 298th in State. It has had an average population growth of 82.00 over the period between the last two national censuses.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-765 less than the median monthly home loan repayment in HYDE PARK, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HYDE PARK, 5061 should have seen some difference. While the latest census median annual household figure income is now $88,920, it was $66,955 back in 2006, which is a net increase of $21,964 Subtract from that the median mortgage repayment increase of $6,720 and a mortgage broker’s clients could be up to $15,244 better off each year even without factoring in mortgage rate cuts.