WHYALLA is one of the least expensive suburbs in SA. Median home prices are $197,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $177,750 home loan.
WHYALLA 5600 has seen not much change in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $616 more every month. As a percentage rise, this makes WHYALLA, 5600 the number 3635th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WHYALLA, 5600 should have seen some difference. While the latest census median annual household figure income is now $68,848, it was $54,511 back in 2006, which is a net increase of $14,336 Subtract from that the median mortgage repayment increase of $7,392 and a mortgage broker’s clients could be up to $6,944 better off each year even without factoring in mortgage rate cuts.