If you were to buy a house locally at the current median price of $775,500 and had 10% deposit, then you would need a mortgage for $697,950. This is a very large mortgage compared to state.
SA has seen an average of 2052.85% rowth over the last 5 years. This means that with above the state figure, STIRLING, 5152 figure of 78 represents a 2847.00% change.
In SA the median mortgage repayment has increased from $994 to $1,395 which is $-772 less than the median monthly home loan repayment in STIRLING, SA.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in STIRLING, 5152 should have seen some difference. While the latest census median annual household figure income is now $95,524, it was $68,900 back in 2006, which is a net increase of $26,624 Subtract from that the median mortgage repayment increase of $8,466 and a mortgage broker’s clients could be up to $18,158 better off each year even without factoring in mortgage rate cuts.