SEMAPHORE is one of the more expensive suburbs in SA. Median home prices are $617,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $555,300 home loan.
SA has seen an average of 2052.85% rowth over the last 5 years. This means that with above the state figure, SEMAPHORE, 5019 figure of -6 represents a 2725.00% change.
With a median housing loan repayment of $1,560 a month, SEMAPHORE , 5019 mortgage brokers are seeing mortgage holders paying $360 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SEMAPHORE, 5019 should have seen some difference. While the latest census median annual household figure income is now $67,548, it was $49,800 back in 2006, which is a net increase of $17,747 Subtract from that the median mortgage repayment increase of $4,320 and a mortgage broker’s clients could be up to $13,427 better off each year even without factoring in mortgage rate cuts.