Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in LARGS BAY, 5016 is already $520,000, which makes it the number 162th in SA on a list ordered by most expensive. Make sure that you get good LARGS BAY mortgage broker to look for the best deal.
The average suburb population growth in SA has been 2052.85% since 2006, so the 3851.00% population change in LARGS BAY 5016 is well above average.
LARGS BAY 5016 homeowners are paying around 36.75% 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 LARGS BAY, 5016 should have seen some difference. While the latest census median annual household figure income is now $62,764, it was $51,246 back in 2006, which is a net increase of $11,518 Subtract from that the median mortgage repayment increase of $5,160 and a mortgage broker’s clients could be up to $6,358 better off each year even without factoring in mortgage rate cuts.