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 WEST LAKES , 5021 is $726,000 this month which means that a mortgage for 80% of that value would be $580,800.
With a net change of -78 people, WEST LAKES 5021 has has shrunk quite a lot when compared to other suburbs in SA.
WEST LAKES, 5021 has seen a average 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 $1,100 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WEST LAKES, 5021 should have seen some difference. While the latest census median annual household figure income is now $60,528, it was $55,905 back in 2006, which is a net increase of $4,622 Subtract from that the median mortgage repayment increase of $7,596 and a mortgage broker’s clients could be up to $-2,973 better off each year even without factoring in mortgage rate cuts.