WOODCROFT is one of the averagely priced suburbs in SA. Median home prices are $379,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $341,550 home loan.
Australia’s total population growth over the last five years has been 10752.00 This means that WOODCROFT, 5162’s growth of 87 people is well above the mean for the country as a whole.
Mortgage brokers in WOODCROFT, 5162 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,083 to $1,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WOODCROFT, 5162 should have seen some difference. While the latest census median annual household figure income is now $69,888, it was $58,468 back in 2006, which is a net increase of $11,419 Subtract from that the median mortgage repayment increase of $5,004 and a mortgage broker’s clients could be up to $6,415 better off each year even without factoring in mortgage rate cuts.