If you were to buy a house locally at the current median price of $1,500,000 and had 10% deposit, then you would need a mortgage for $1,350,000. This is a very large mortgage compared to state.
SANS SOUCI 2219 has seen a high level of growth in it’s population over the last five years.
Mortgage payments in SANS SOUCI , 2219 have increased by $400 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 SANS SOUCI, 2219 should have seen some difference. While the latest census median annual household figure income is now $64,896, it was $52,852 back in 2006, which is a net increase of $12,043 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $7,243 better off each year even without factoring in mortgage rate cuts.