No matter where in SA 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 PAYNEHAM , 5070 is $600,000 this month which means that a mortgage for 80% of that value would be $480,000.
Across the whole country PAYNEHAM,5070 is number 2553th fastest growing suburb by population growth, and 250th in State. Its population grew by 32 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,639 which is $503 more every month. As a percentage rise, this makes PAYNEHAM, 5070 the number 3237th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $266 which is a theoretical $26,156 available for a PAYNEHAM mortgage broker to find a home loan.