No matter where in SA you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ST PETERS , 5069 is $900,000 this month which means that a mortgage for 80% of that value would be $720,000.
With a net change of 34 people, ST PETERS 5069 has not grown much when compared to other suburbs in SA.
ST PETERS 5069 homeowners are paying around 18.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less 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 ST PETERS, 5069 should have seen some difference. While the latest census median annual household figure income is now $87,360, it was $69,711 back in 2006, which is a net increase of $17,648 Subtract from that the median mortgage repayment increase of $3,744 and a mortgage broker’s clients could be up to $13,904 better off each year even without factoring in mortgage rate cuts.