JOSLIN is one of the most expensive suburbs in SA. Median home prices are $1,180,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,062,000 home loan.
The average suburb population growth in SA has been 2052.85% since 2006, so the 1148.00% population change in JOSLIN 5070 is pretty equal to average.
JOSLIN 5070 homeowners are paying around 36.52% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of SA which is 43.56%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in JOSLIN, 5070 should have seen some difference. While the latest census median annual household figure income is now $84,656, it was $60,148 back in 2006, which is a net increase of $24,507 Subtract from that the median mortgage repayment increase of $6,420 and a mortgage broker’s clients could be up to $18,087 better off each year even without factoring in mortgage rate cuts.