If you were to buy a house locally at the current median price of $815,000 and had 10% deposit, then you would need a mortgage for $733,500. This is a very large mortgage compared to state.
LINDEN PARK 5065 has seen a decline in it’s population over the last five years.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-512 less than the median monthly home loan repayment in LINDEN PARK, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LINDEN PARK, 5065 should have seen some difference. While the latest census median annual household figure income is now $61,256, it was $53,528 back in 2006, which is a net increase of $7,727 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $2,003 better off each year even without factoring in mortgage rate cuts.