If you were to buy a house locally at the current median price of $290,000 and had 10% deposit, then you would need a mortgage for $261,000. This is small than average mortgage compared to state.
With a net change of -138 people, SALISBURY PARK 5109 has has shrunk quite a lot when compared to other suburbs in SA.
SALISBURY PARK 5109 homeowners are paying around 55.71% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay 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 SALISBURY PARK, 5109 should have seen some difference. While the latest census median annual household figure income is now $48,568, it was $44,153 back in 2006, which is a net increase of $4,414 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $-1,381 better off each year even without factoring in mortgage rate cuts.