No matter where in VIC 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 ARMADALE , 3143 is $1,995,000 this month which means that a mortgage for 80% of that value would be $1,596,000.
Australia’s total population growth over the last five years has been 8660.00 This means that ARMADALE, 3143’s growth of 293 people is well above the mean for the country as a whole.
ARMADALE 3143 homeowners are paying around 29.57% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ARMADALE, 3143 should have seen some difference. While the latest census median annual household figure income is now $89,024, it was $66,081 back in 2006, which is a net increase of $22,942 Subtract from that the median mortgage repayment increase of $6,846 and a mortgage broker’s clients could be up to $16,096 better off each year even without factoring in mortgage rate cuts.