No matter where in NT you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in PARAP , 0820 is $700,000 this month which means that a mortgage for 80% of that value would be $560,000.
Across the whole country PARAP,0820 is number 2706th fastest growing suburb by population growth, and 29th in State. Its population grew by 174 people over the last five years.
In NT the median mortgage repayment has increased from $1,300 to $2,018 which is $-365 less than the median monthly home loan repayment in PARAP, NT.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PARAP, 0820 should have seen some difference. While the latest census median annual household figure income is now $108,264, it was $65,109 back in 2006, which is a net increase of $43,154 Subtract from that the median mortgage repayment increase of $11,700 and a mortgage broker’s clients could be up to $31,454 better off each year even without factoring in mortgage rate cuts.