SEACLIFF PARK is one of the more expensive suburbs in SA. Median home prices are $502,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $451,800 home loan.
SEACLIFF PARK 5049 has seen steady growth in it’s population over the last five years.
SEACLIFF PARK, 5049 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,083 to $1,784.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SEACLIFF PARK, 5049 should have seen some difference. While the latest census median annual household figure income is now $63,180, it was $47,226 back in 2006, which is a net increase of $15,953 Subtract from that the median mortgage repayment increase of $8,412 and a mortgage broker’s clients could be up to $7,541 better off each year even without factoring in mortgage rate cuts.