MODBURY NORTH is one of the less expensive suburbs in SA. Median home prices are $347,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $312,750 home loan.
MODBURY NORTH, 5092 is number 1167th in a list of the country’s fastest growing suburbs, and number 56th in State. It has had an average population growth of -2.80 over the period between the last two national censuses.
Mortgage brokers in MODBURY NORTH, 5092 have seen that the median mortgage loan repayment has decreased slightly between the last two census periods, changing from $997 to $1,473.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MODBURY NORTH, 5092 should have seen some difference. While the latest census median annual household figure income is now $63,752, it was $56,732 back in 2006, which is a net increase of $7,020 Subtract from that the median mortgage repayment increase of $5,712 and a mortgage broker’s clients could be up to $1,308 better off each year even without factoring in mortgage rate cuts.