If you were to buy a house locally at the current median price of $483,500 and had 10% deposit, then you would need a mortgage for $435,150. This is quite a large mortgage compared to state.
The average suburb population growth in SA has been 2052.85% since 2006, so the 1638.00% population change in NETLEY 5037 is pretty equal to average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in NETLEY, 5037 rank at number 402th in State or 3801th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NETLEY, 5037 should have seen some difference. While the latest census median annual household figure income is now $46,228, it was $39,270 back in 2006, which is a net increase of $6,957 Subtract from that the median mortgage repayment increase of $4,908 and a mortgage broker’s clients could be up to $2,049 better off each year even without factoring in mortgage rate cuts.