MARDEN is one of the most expensive suburbs in SA. Median home prices are $652,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $587,250 home loan.
Across the whole country MARDEN,5070 is number 2484th fastest growing suburb by population growth, and 236th in State. Its population grew by 386 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,657 which is $465 more every month. As a percentage rise, this makes MARDEN, 5070 the number 3167th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MARDEN, 5070 should have seen some difference. While the latest census median annual household figure income is now $44,720, it was $35,739 back in 2006, which is a net increase of $8,980 Subtract from that the median mortgage repayment increase of $5,586 and a mortgage broker’s clients could be up to $3,394 better off each year even without factoring in mortgage rate cuts.