MODBURY NORTH is one of the less expensive suburbs in SA. Median home prices are $365,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $328,950 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 payments in MODBURY NORTH , 5092 have increased by $476 over the 5-year census period.
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.