Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in REDWOOD PARK, 5097 is already $394,000, which makes it the number 272th in SA on a list ordered by most expensive. Make sure that you get good REDWOOD PARK mortgage broker to look for the best deal.
Between 2005 and 2011 the population of REDWOOD PARK, 5097 grew an average of -34.00 people each year. This figure of 1053.40% per annum means REDWOOD PARK is one of the fastest growing suburbs in SA.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in REDWOOD PARK, 5097 rank at number 261th in State or 2801th 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 REDWOOD PARK, 5097 should have seen some difference. While the latest census median annual household figure income is now $71,084, it was $59,472 back in 2006, which is a net increase of $11,611 Subtract from that the median mortgage repayment increase of $5,880 and a mortgage broker’s clients could be up to $5,731 better off each year even without factoring in mortgage rate cuts.