Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PORT AUGUSTA, 5700 is already $160,000, which makes it the number 466th in SA on a list ordered by most expensive. Make sure that you get good PORT AUGUSTA mortgage broker to look for the best deal.
Between 2005 and 2011 the population of PORT AUGUSTA, 5700 grew an average of 431.40 people each year. This figure of 1446.80% per annum means PORT AUGUSTA is one of the fastest growing suburbs in SA.
PORT AUGUSTA 5700 homeowners are paying around 69.23% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much more than the median average increase of SA which is 43.56%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORT AUGUSTA, 5700 should have seen some difference. While the latest census median annual household figure income is now $46,228, it was $37,970 back in 2006, which is a net increase of $8,257 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $2,857 better off each year even without factoring in mortgage rate cuts.