If you were to buy a house locally at the current median price of $183,750 and had 10% deposit, then you would need a mortgage for $165,375. This is relatively small mortgage compared to state.
RENMARK 5341 has seen not much change in it’s population over the last five years.
Mortgage payments in RENMARK , 5341 have increased by $260 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RENMARK, 5341 should have seen some difference. While the latest census median annual household figure income is now $37,856, it was $32,349 back in 2006, which is a net increase of $5,506 Subtract from that the median mortgage repayment increase of $3,120 and a mortgage broker’s clients could be up to $2,386 better off each year even without factoring in mortgage rate cuts.