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Mortgage clubs are many eagerly looking to enter and want to leave as soon as possible.

A new report from Data Analyst Suburbs reveals that suburbs with the highest proportion of property owners in suburbs, and they did it.

Of all suburbs and towns in South Australia, the West Lake suburbs of Adelaide have the most mortgaged private property.

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Of the 5298 private homes in the suburbs, about 53% (or 2811) have no money.

It narrowly eliminated Clarendon, of which 456% or 52% of 884 units paid off; A Tree Hill, 391% or 50% of the 779 homes in the suburbs are free, while 2783 or 49% of the suburbs of 5712 homes in Toorak Gardens are directly owned.

LJ Hooker West Lakes/Henley Beach Agent Rosemary Auricchio said she was not surprised to hear that so many people paid off their homes.

“In suburban institutions, there are many older buyers working hard and over time, their mortgages are now living in permanent homes,” she said.

According to census data, the median age in suburbs is 54.

“At that time, West Lake growth has been important, so they now have permanent property and have strong capital growth from the time they were initially purchased,” Ms Aurrichio said.

Ms Auricchio said it is the target of the wealthy because of suburban lifestyle products and higher median prices, meaning some buyers never have collateral.

“I have some property that is not involved in the bank, and it’s a case: ‘We already have money in the bank, we are ready to buy, and some hard-working buyers put themselves in this position to have that freedom.”

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Carla Fox, 27, a commercial real estate negotiator, bought a house in West Lake in October

“I live in a unit in West Lake and upgraded, and the lifestyle really attracted me to the area.

“I love the convenience around the corner of Westfield,” she said.

“I would love to pay off my home loan as soon as possible.”

Report author Kent Lardner said home ownership on high mortgages could put younger buyers out of the market.

“Suburbans with high ownership tend to have lower turnover, reducing housing supply and making it harder for younger and lower-income buyers to enter,” he said.

“As time goes by, this has exacerbated the wealth gap as people who own property continue to accumulate equity while tenants struggle with rising housing costs.

“Solutions may include incentives to reduce size to increase supply, expand assistance from first buyers, and plans to reform high-density housing in high-equity areas. “If there is no intervention, property may be inherited increasingly, thus limiting economic mobility for future generations.” ”

Burnside-Wattle Park is the richest in the state, with an estimated return of $42.8 billion.

Unley -Parkside is not behind the unlimited wealth of $3.96 billion, while Toorak Gardens, Glenelg and Mitcham are ranked in the top five with $3.72 billion, $3.79 billion and $3.34 billion.

Unsecured Suburbs of SA